Liotes finances: Every week we grow

in LeoFinance27 days ago (edited)

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It's Monday and it's time to have a look at the numbers of the Liotes project (check out the video for the detailed numbers). The assets are growing at a nice rate without any fresh money coming in. This is very satisfactory and shows that our concept is working.

Full supply burnt

For the fourth week in a row, we have managed to burn the complete supply of LEN tokens, keeping the number of tokens in circulation stable between 7000 and 9000 tokens.

A question for you...

On VFTlab we have seen a post that asks community members to vote for a new token that should be added to the platform. Before we take any action in this respect, we wanted to ask you what you think if you could stake LEN tokens on this platform to get VFT tokens as rewards? Please leave a comment with your opinion!

Check out this post to know more

Liotes

A project run by @ph1102 and @achim03

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The planet has now become inhabited by Liotes family. I would love to see LenFi here 🤗

Huh... That's an awesome idea, but not sure that we are capable to do it in near future...
Thanks for your kind words!

!LUV


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Great progress guys!
I'd like to see Len token being added to the VFT Lab. Who minds some more VFT :)
!LUV !BEER !PIZZA

Thanks for the support! Well, adding LEN to VFT will depend directly on the support of the community.... It is configured by voting as its' explained in that post

!ENGAGE 10
!LUV


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The more the better. I am always looking for ways to get passive income. How would this help or hurt you guys, meaning the Liotes project?

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It wouldn't hurt the project, but it would give LEN holders another income stream and an additional use case for the token... But, as it is a voting system, adding to the VFTLab platform depends on the number of votes for LEN tokens... (as they stated in that post)

!ENGAGE 10
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There has already been too much ENGAGE today.

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I think adding LEN tokens to the VFT Labs would be a great idea. Do you know when the deadline is? I don't mind giving a vote for it after I find the post tomorrow (if I remember). Just by being there, it would give more visibility to the project since some of the LEO community jumped in without playing Rising Star for the APR.

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Completely agree with you about visibility, additional promotion, additional use case... ;)

Deadline is 15/05 until 22/05 - 23:59 UTC

We will follow the votes, and if there is an interest from the side of the community, we will follow with votes and try to catch other competitors... ;)

!ENGAGE 10
!PIZZA


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There has already been too much ENGAGE today.

I would be up for trying to get LEN onto VFT. It would be a good way to earn on any LEN we are holding long term. Now would probably be a good time to try and do it too since it is new. As more people get involved in VFT it will probably get harder to win the vote.
It would probably bring more people into the project too since any time they get on VFT they will see LEN there as an option, and then look into what it is.
It might cause an increase in supply over time since people will have a bigger reason to not spend LEN, but if you guys are ok with that, then I’m all for it.
!LUV

Now would probably be a good time to try and do it too since it is new. As more people get involved in VFT it will probably get harder to win the vote.

You are right about this... There is no big competition at the moment... For now, if I saw it right, only PIZZA tokens are pushing to get there, so it is a good moment... The VFTLab platform is young and still unfinished, but it is very promising...

We will not try to stop you guys from voting for LEN, and we can't stop VFTLab from adding us there either... lol... Any additional use case is one big +

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There has already been too much ENGAGE today.

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I don't see why not about adding it to VFT Labs. Would bring some more awareness to LEN and open up more possibilities for the token. It would however start to make people hold on to them over spending them which could cause for an increase in the supply over time.

What is the current use cases for VFT? to buy NFTs?


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Tbh, the VFT token currently has more use cases than CUBs :) :) Yes, you can buy NFTs with them, and they should release more of them, so it should be even more interesting...

As VFTLab has nothing with us, they can do whatever they want... So, if you guys vote for LEN, we will support the "campaign" from our part too... In the end, knowing the way how OUR project works, getting more value for "staking" LEN tokens is another additional income for LEN holders...

!ENGAGE 10
!PIZZA


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I think that would be a good idea to stake LENS on vtflabs and earn VFT for it. Cheers


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Thanks for the support! Let us see how others are thinking as voting for LEN tokens to be added is "decentralized" and people decide, not us... :)

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There has already been too much ENGAGE today.

Absolutely want to participate! LEN staking would be great! Supply would increase but also the additional income could be used to build the project. Also as VFTlab grows it would maybe increase demand on LEN tokens. VFT has to be stable though, I do not know jow the project is doing, did not have the time to look into all the aspects
LEO is paying 414%
!invest_vote

There are a lot of positive things that can develop from adding to the VFTLab platform... We will see how the community reacts, and follow it... ;)
But, it is true that it will depend on the VFTLab platform itself and how it develops... But, there is a huge potential in that... ;)

!ENGAGE 10
!PIZZA


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There has already been too much ENGAGE today.

I absolutely agree! Namely, currently with LEN you can only shop on the Liotes website, there is no other value (except, of course, the good community behind it that supports it 😎)

By staking LEN on the VFT market, it gains one additional useful value for the owners. Now, I don’t have any experience in this DeFi world, nor do I understand how to make a profit at all ...) but definitely ranking on VFT is an added value for a LEN token, which again means something positive for token owners and for the entire Liotes community. In fact, the tokens remain for you, and you get another one - VFT. Passive earnings. 😎

Namely, currently with LEN you can only shop on the Liotes website, there is no other value (except, of course, the good community behind it that supports it 😎)

Don't be so cruel... :P It is worth something... You can sell them for HIVE :) Jokes, aside... I do get your point...

About (potential) staking on VFTLab, yes it is like additional income as you earn VFT, and you are not "losing" LEN tokens... But, you have to be aware that any DeFi has its risks, as you are SENDING your tokens to X platform to get some other token dividends... It's not a delegation thing... It's the same for CUBs and any other DeFi, so there is a certain risk...

I'm not saying that VFTLab guys will scam you, or anyone else... But, it is good to know the pros and cons... And in the case of being listed there, we have no control over that platform...

We will see if people will vote for LEN tokens... If the vote, we will support it from our side... ;)

!ENGAGE 10
!PIZZA


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Well, I didn't mean to be cruel, I mean to say that for one particular circle of people who play games and buy cards it makes sense to use LEN token to buy those cards. But for others (specifically, for me) it's not. Yes, I agree with you, everything has its pros and cons.

My opinion (and I'm not a programmer, far from it) is that the token should have as many uses as possible, because only in this way will the number of people who want it increase. Does the Liotes team want more people in the community?

What that means for the Liotes team and stable growth going forward, I honestly don't know. Probably more calculations to keep everything running smoothly.

The next question, which you have raised very well, is who to believe and who not to believe?
Well, for example, I read the first posts about the Liotes project, I found it interesting (although, as I mentioned, there were quite a few such projects aiming at a stable passive income on Steem, and also in the non-crypto world where I participated). Not to be too long and boring, my decision was to buy some tokens and to participate here, so I could say that I believe you that this project will go ahead. And it's also a fact that the first time I heard about VFTlabs was when you mentioned it, that you invested in vibes tokens for that reason, among others.
I could say that the initiative for this cooperation came from your side and that you appreciate this group developing VFTlabs. In fact, I'm following you now, I believe you've evaluated the matter correctly. If you haven't, then f*ck it, that's the way life is, we're all going to fall into the abyss together :)

!BEER

Hahahahaa... Awesome comment, man... :)

The thing with "cruelty" was a joke... So, no hard feelings...

Regarding use-cases, we do agree that more is better, that's for sure... And we do want more people in the community, but we don't want to lure people with promises that we can't accomplish... I know that we are paying the price because of that and grow slowly, but we accept it... We would rather have a small community with satisfied members, than a big one with grumpy and unhappy people...

And regarding whom you trust or not, is a personal preference... I know that people listen to other people and follow... And that's most of the time case... We are a bit different because we want that you (I mean others) to DYOR and invest in something or not... I don't want that anyone to blindly follows my steps...

But, we can fall into the abyss together.... lol... but, let us try to avoid that part.... hahaha

Have a great week, man! All the best!

!PIZZA


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I have been farming on VFT for a while now. As a curator in the M4L community, I have been aware of VFT for a while now. I have bought several VFTs from the store, including the #1 mint of the Stick Up Boys' new song. I like the idea of being able to put more tokens there to farm. I think NFTs (VFTs) are the future of the music industry.

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Totally agree with you! NFTs will play a big role in the music industry... It looks very small at the moment, but I do believe that it will grow into something huge... It would be nice to see M4L and VFTLab as pioneers in all this!

!PIZZA


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I think as more artists realize what the potential is there, it will grow. #Hive is the perfect platform for artists that want to control their music themselves.

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@solymi denkt du hast ein Vote durch @investinthefutur verdient!
@solymi thinks you have earned a vote of @investinthefutur !