Getting ready for Vibes deflation

in LeoFinance3 days ago (edited)

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For the last couple of weeks, we have focused our attention to the Vibes tokens that are one of the secondary investments of the Liotes project. The reason for that lies in the tokenomics of the Vibes project that we like quite a lot. I've tried to explain the details in the video.

Stable supply of LEN tokens

For the second week in a row, we have managed to burn the whole supply of LEN tokens. We have burnt all the 1008 tokens that were produced this week by staked Liotes Energy Mills. Hereby, we keep the supply of LEN tokens stable. This is the first step towards an increase of LEN prices. It will take us a couple of weeks more to reach this goal but we are on the good path.

We increased the APR for delegations to @liotes.voter

As you know, when you delegate Hive Power to the @liotes.voter account, you recieve daily dividends in LEN tokens. This week, we paid a record amount of LEN tokens to the delegators corresponding to an APR of 11.5%. Our objective here is also to increase this return step by step. What needs to be understood is that the LEN tokens that we pay as dividends have been bought on the market. The only way to produce LEN tokens is by staking LENM tokens.


Liotes

A project run by @ph1102 and @achim03

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Well done. Keep up the good work. !LUV 1

Thank you!

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Thanks for the update, always good to see the numbers, I have one question regarding the cub finance portfolio. is it staked in a den or in a farm? How much cubs did the farm or den produce and does it get compounded?

In cub finance, the problem is that our investment is probably too small with about 200$. We have some in farms and the rest in CUB den. Because of the transaction costs, we can only compound about every second week.

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I didn't really realize that about the tokenomics of VIBES. I guess I should be holding on to the rest of mines as it will get harder to get over time.

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I believe it's an interesting concept that they have. I'm looking forward to seeing how the project will develop.

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Solid move when I learned about the deflation myself on VIBES I figured that was a good area to focus on. Hoping to see some cool unique features out of the platform soon to help music artists. I feel like they are in the perfect position for this.

we will do it :) !!!


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Looking forward to it !

I really like their token plan. It makes a lot of sense and I like the way they are developing things like VFT lab, the NFT's. Of course, I can't predict any prices but when I look at tokenomics and development, this tribe has a big potential I believe.

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You are doing great job guys

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Thank you!

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So, if I understand correctly, it means that the price of the Vibes token will go up if there are a lot of requests for the token... but what if there aren't?
I know Rising Star is a popular game but in a community/tribe with such a big name as Music For Life there should be some other values ... well I know there are ... but there is another very big Music community ... albeit without a token ... anyway, it's going to be interesting ... 😎 🎧 🎸

Musicforlife is a tribe with their own front-end with a topic that is all about music. What I like about the tribe in addition to the tokenomcis is that they are developing a lot of things. They already have their own DEFI platform with NFT's linked to them.

I couldn't give any guarantee that prices will go up but in tokenomics terms, their plan makes a lot of sense :-)

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Of course, I agree with you about their tokenomics, they've tried very hard, the music game, and their own DeFi service, that's very promising.
btw: I remember, once, the vibes token was in Steemit, is here the same team?

btw: I remember, once, the vibes token was in Steemit, is here the same team?

I honestly don't know :-)

Nop, we are a team with other vibes haha. Our idea was born like 8 months ago

Nobody can guarantee what will be tomorrow... Not even the developers of the tribe... We aren't involved in any way with the M4L tribe, and the view that Achim said in the video is just our own research...

Tokenomics are looking good, tribe has potential, but, as you said, nobody can predict if there will be interest in the tribe in a year, two, or ten... It's all on them/us (members and investors...)

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Your work hard for big rewards 😜

We try :-)

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