The Liotes Wealth Machine

in LeoFinance2 months ago

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On Mondays we look at the numbers of the liotes project. You can find the detailed numbers of this week in the video.

Almost complete supply burnt

We have burnt 916 LEN tokens this week. We had burnt a bit more tokens the previous weeks and therefore we burnt a bit less this week. In average, we manage to burn the complete supply of LEN tokens. There are between 7500 and 8500 LEN tokens in circulation.

The Liotes Wealth Machine

The Liotes project is built around the Liotes Fund. All the income that was generated through the sale of Liotes Mills went into this fund. We then rent the Hive Power of this fund out to other projects that pay us interests. These interests are then used for several aspects:
50% are used to increase the secondary layer income sources
25% are used to buy back LEN tokens in order to burn them
25% of the interests go back into the Liotes fund

The secondary layer income sources are getting more and more interesting

We have quite a lot of secondary layer income sources and most of them are generating income by themselves through curation or through mining. 10% of this income is actually reinvested in the Liotes fund.

The Liotes fund is growing

As you can see, the Liotes fund has several income sources even if no new LENM tokens are sold. In addition to that, there is the organic interest on Hive Power that is around 3.2%.

Since the beginning of the project about 3 months ago (bearing in mind that during the first days there was no income generated), the Liotes fund has grown at a rate of about 10% APR. There are now around 570 more Hive Power in the fund than 3 months ago.

The income that starts to compound

Now we have these 570 Hive Power and we lease them out as well and they generate income that is distributed in the same way. That is how the income is compounding and over time this will take more and more speed. It may become very interesting to own LENM and LEN in the future...

Cheap untamed packs in the Liotes shop

Before the Untamed Splinterland packs were sold out, @ph1102 and me decided to buy a big amount of them in order to sell them in the shop for a good price. We sell them at the moment for 2.19$. Don't forget that when you buy stuff in the shop you are also helping the Liotes ecosystem because 10% of your LEN purchase will be burnt!


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Liotes

A project run by @ph1102 and @achim03

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That’s a good price for packs compared to the rest of the market. I’ll have to check, and see if I’ve got enough LEN to grab one. !LUV

We will try to follow the market price for packs, land, and other SL stuff, and do a bit better than others... The minimum profit that we take is those 10% that we use for burning LEN tokens... And that isn't just for our benefit, but for all LEN and LENM holders.. ;)

!ENGAGE 10
!PIZZA


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@horstman5! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (1/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Before the Untamed Splinterland packs were sold out, @ph1102 and me decided to buy a big amount of them in order to sell them in the shop for a good price. We sell them at the moment for 2.19$. Don't forget that when you buy stuff in the shop you are also helping the Liotes ecosystem because 10% of your LEN purchase will be burnt!

This is amazing , I need to get it as soon as possible before someone else buys it .

Also I didn't know about the 10% burn , it is good for the token . Thank you and to reaffirm , I love this project :)

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Also I didn't know about the 10% burn , it is good for the token .

That is one of the main ideas that led us to create an online shop... By adding more stuff for an affordable price, these LEN token burns will go up, which means fewer tokens in circulation... and we all know where that leads... hehehe :)

Thanks for your purchases! It helps a lot in developing the whole project!

!ENGAGE 10
!PIZZA


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@amr008! I sent you a slice of $PIZZA on behalf of @ph1102.

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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This wealth machine looks cool. I'm waiting for it to speed up to see what it looks like 😎

As we are focused on the long-term success of the project, it will need some time... But, until then, I think that earnings at the moment and benefits for the community aren't bad at all...
Thanks for being part of it!

!ENGAGE 10
!PIZZA


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@seckorama! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (4/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

I was wondering if we are able to sell things in the shop? Perhaps you could set it up where we pay a fee to be able to sell there. That way, we can sell stuff and still support the project. Just an idea.

Yeah... If we can speak freely, that was our primary idea... To create a marketplace where people can sell their own goods, and we are kind of middle man... The problem is a lack of programming skills, but we are still in search of people who could help us in that way... The shop is more like a temporary solution which serves more to show us if there is an interest in digital goods...

Thanks for the idea... I hope that one day we will do it...

!ENGAGE 10
!PIZZA


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@nobutsd1974! I sent you a slice of $PIZZA on behalf of @ph1102.

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This Is cool, will be more fun to engage in.


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It is fun staking LENM tokens, mining LEN tokens with them, and engaging with the community!

!LUV


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Yes it is fun indeed, getting engaged to earn on daily basis.


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@liotes, you were given LUV from @horstman5. About: https://peakd.com/@luvshares