Weekly financial report 19.7.2021

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Liotes Shop in Maintenance mode (1).jpg

We are very happy to see that quite a significant amount of LENM have been bought on the market this week. We are very thankful for the trust put in this project and in us!

When LENM are sold, everybody profits

Because of it's organization and design, every sale of LENM tokens increases the liotes.fund. 100% of the income from sales is sent to liotes.fund and powered up. This hive power is then delegated to generate dividends. We are delegating at the moment to @leo.voter, @liotes.voter, @ctpsb and also to dlease. The more hive power we can delegate, the more income this will generate. This income will then profit all the holders of LENM and LEN tokens.

50% of this income is used to develop the secondary income sources like LEO, CTP, VIBES... 25% of this income is used to increase the fund and 25% is used to burn tokens.

This whole machine is slow to move but it will take more and more momentum and we are looking forward to seeing where we will stand in a couple of months.

What is notable for this project is that every LENM in circulation is actually backed with Hive Power.

A good week in spite of little activity

As you know @ph1102 and myself are both on vacation and we really spend very little time working on Liotes. In spite of that, we see all our funds increasing. Certainly they increase less fast than when we create regular posts but all the same... they grow.

Check-out the numbers of this week:

Liotes weekly 19.7.21.jpg

Liotes

A project run by @ph1102 and @achim03

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21 comments
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Great progress. Now that you are all rested and relaxed, what are the next level you are shooting for?

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Hmm good question. We will see where the path leads us ;-)

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We have some crazy plans for this autumn, but we don't want to spill the beans before taking some significant progress... ;)

!ENGAGE 10
!PIZZA

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It is great to hear that the project is able to grow on its own. Glad you guys have been able to take a break. !LUV

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I will be on the road tomorrow to go back to Switzerland. I had time for a lot of new ideas lol

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After one skipped summer, it's really great to take a break... ;)

!ENGAGE 10
!LUV

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It's nice to see the hive power go up and it looks like VIBES also got a nice boost.

Posted Using LeoFinance Beta

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We have big hopes for Vibes and we have a lot of tokens and also a lot of miners. We are climbing the richlist there :-)

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(Edited)

Miner + curation combo on VIBES is working like a charm...

!ENGAGE 10
!LUV

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Great! I have collected quite a few LEN tokens. I hope you will come up with some bold ideas on what to do with them :) !LUV

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