Liotes - Phase 1

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(Edited)

Another day, another post... We told you that we will do these posts every day until the launch, but we will try to not repeat ourselves and add more and more pieces of the story... Investing can be boring, and when it is, we can't see the wood for the trees... There are a lot of projects, and they are similar, but still so different... And because of the similarity, we sometimes don't see the core, the real value, and potential... So, we will try to help you with that regarding Liotes...

Liotes Phase 1.jpg

3speak wasn't working well when we uploaded this post, so you can watch the video on Lbry

Firstly, we want to emphasize that all that you see in the Liotes Whitepaper is a kind of "foundations" of the project, and can be called like a Layer Zero. Achim explained yesterday about the math around it, and how all HIVE raised from the Mills sales will fund the main account in creating these foundations...

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When we have done the first step, it's time to go to the next one... That would be Layer 1 (or phase 1) in developing this project... Also, you saw this part in the whitepaper under the name "different income streams", and it was one of the main topics in this video... This layer can be observed as a "low-mid risk" source and it will include developing things under our "hood", but also some investments "outside".

  • One of the points discussed in the video is the curation in different tribes, as an income source... Currently, we are already doing that for LEOFinance and CTPTalk as they are relatively stable tribes with stable tokens... Also, they are in our "niche", so it's kind of a logical move... Of course, this source isn't closed for new additions and tribes...

  • Renting Tribe Power is one of the priorities that we will try to implement in the short term. As the idea is to create USE CASE for our LEN tokens, we want to make that happen and we believe that this can be the first step toward that. We couldn't do this before, as we didn't distribute tokens (yet). So, for the beginning, you can expect a kind of store on our main website where you will be able to spend your mined LEN tokens for purchasing renting power in your favorite Hive-Engine tokens (LEO, CTP, SPORTS, etc...)

  • Curation with delegated HivePower. This is something that we plan to do, but still working on "tokenomics"... The idea is simple... You are delegating HivePower to us, we are paying you "dividends" (probably in LEN tokens) for providing that power to us... It's additional income for you, and additional income to us which will, again, raise the value of LEN tokens...

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In the end, just want to underline that most of these additional income sources will be isolated from each other, as the whole point is to have sustainable tokenomics even if multiple sources fail to deliver.

Stay tuned and follow the channel as tomorrow we will tell you why our mils are different from normal miners...

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Liotes

A project run by @ph1102 and @achim03

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33 comments
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Check out the last post from @hivebuzz:

Feedback from the March 1st Hive Power Up Day
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You already got me hooked :)
White paper sounds great and I like the idea of the game, would be nice to have a mobile app with it :)
Would be also incredible.t have an NFT wallet implemented that is compatible with NFTshowroom, I would love to see my NFTs displayed on the new planets first art gallery :)

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Hello, thanks a lot for your comment! We have some plans for NFT's but we will do some other stuff first :-).

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Another set of awesome usecases for the LEN toke and LENM. Indeed, Liotes would be another big project on Hive. Let's see it roll out.

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Thanks a lot for your support! We hope to bring some more value to the Hive ecosystem with this project.

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This is something I will be investing in I think :)

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We would be very happy to have you on board !

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One of the biggest hurdles for any token on Hive is the usecase . You have done a good job figuring out how to create sinks . Each and every sink you mentioned is amazing and will attract lots of tokens .

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Thanks a lot for your feed-back. We believe that the more use cases the token will have, the better for everybody involved.

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Yes yes yes. I want to rent tribe token power with my Len. Super cool.

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Thanks for the feed-back. This will probably be one of the first projects that we want to realize after the launch.

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Looks like you've got this all pretty well thought out. I'll be looking to get my hands on some miner tokens when this is released.

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We would be very happy to have you on board ;-)

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Renting Tribe Power

I think this is a great idea. I really wish there were more projects similar to Dlease for the other tribes. It would make people want to stake their tokens for a guaranteed return rather than just selling them.

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Oh, yes... That's exactly the main idea... More staked tokens, more chance to people who didn't invest at the start to get their hands dirty and catch-up by renting... Similar thinking like renting cards in Splinterlands... You can jump and play in a big-boys league by renting...

We will start slowly with kind of shop (as it is stated in the whitepaper), but the final goal (for this sub-project) is to create something like dlease for tribe tokens...

Thanks for the comment!

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Renting Tribe Power sounds amazing. You are building something pretty awesome here - looking forward to being a part of it all!

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Thanks for the feedback! It looks that a lot of people like that part the most, so there is definitely a market for that.

See you on Tuesday! :)

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Sounds promising and looking forward to more posts about those plans. Success! 👍

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Thanks, Tanja! Nice to see you here on the Liotes' page... We will publish a "couple" more on this topic... We have already done 2-3, but we have a lot more to talk... :)

Thanks for the comment!

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Yes, will have to catch up on reading here though...
Was a bit busy, but will definitely catch up.

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Can’t wait for $LEN

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Only 3 days more until the official SALE of $LENM tokens! After that we will slowly see $LEN on the market... Excited about the next week!

Thanks for the support, Nathan! Appreciate it!

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Looks super interesting. Looking forward to seeing it roll out. Another feather in the Hive community is always welcome. If we're not careful, more people might want to join this platform and participate in making money. lol

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If we're not careful, more people might want to join this platform and participate in making money.

And we don't want to see happening... :) hehehe... Just kidding, but I'm sorry when I know how many people are out of HIVE and have no idea how many great things we have here...

Thanks for the comment!

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It looks promising. Especially the use of other tokens (otherwise this is not a new idea), which quite a few tokens can only be earned by blogging. I hope you don't sell everything right away, that there will be something left for us who are slower :)

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It looks promising. Especially the use of other tokens

Actually, this should be something normal to see... I hope that it will be like that very soon, and that every new token will have its use-case written from the first day... But, maybe we are just a dreamers... :)

Thanks for the feedback!

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(Edited)

Renting Tribe Power is very interesting and you might increase the value of LEN with this idea above your buyback value for LEN, through market demand. :) Imagine renting LEO for LEN. Or CTP for LEN. That's cool!

But first liotes will need to build enough power in the tribes to be in the position to rent it. How will you do that? Buying those tokens on the market as part of "other income sources"? Through curation, as a second step?

EDIT: I just checked and saw what you've done so far. :) Slow and steady.

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Renting Tribe Power is very interesting and you might increase the value of LEN

That is the main idea... Everything that we will build will go in that direction... To bring value to the LEN tokens, as those who buy LENM will be covered :) :)

But first liotes will need to build enough power in the tribes to be in the position to rent it. How will you do that?

The final goal for that part of the project (rent tribe power) is to create a platform like Dlease, but for H-E tokens... We will need time to do it, and we all know how developers are more scarce than BTC these days... So, the first step will be a "shop" where we will rent our own power... When I say own, I think on a personal level...

I hope that we will do the second stage (marketplace) in some "reasonable" time and that would mean that anyone can sell/buy delegations on that market...

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rent our own power

ok, makes sense for first stage.

Dlease, but for H-E tokens

That sounds great! :)

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seems like a great project. i admire the features, so unique.

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(Edited)

Can't wait these 3-4 weeks to start adding more layers on top... But, we need firstly to grow our LEN supply and that's where miners will do the work!

Thanks for the feedback and your interest!

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Really got this planned out. Interesting

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