M4L - Get Your Favorite Coin On VFTLAB

in #musicforlifelast month

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Governance day


Hey guys! Its time to start bringing new coins to VFTLAB, the way the VFTLAB works is that users can deposit other hive-engine tokens to farm and sell VFT, which is the token used to buy our music NFTs (like the first one from @stickupboys) creating an extra income by holding them.

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The price of the NFTs are in $USD using the last price of VFT, this means if actually the price of the album is crazy as soon as someone buys up some VFT, the value in VFT of the album will decrease :) !

Well actually 6 major coins have inflation filling their reward pools:

Vibes - 300 VFT
VFT - 200 VFT
Hive - 200 VFT
Leo - 125 VFT
Dec - 125 VFT
Starbits - 50 VFT

So the first thing that will happen is that HIVE is gonna start receiving 150 VFT instead of 200 VFT daily. These 50 VFT which corresponds to the 5% of the daily inflation will be allocated in a new pool with a new coin.

¿Which Coin?

You decide that from today 15/05 until 22/05 - 23:59 UTC - everyone with 1 VIBES can participate in the governance. Just send the 1 VIBES to @burnthevibes with a memo including the name of the hive token you would like to see participating in the VFTLAB and the one with most votes in favour will have his own pool :) !

Notes:

  • One vote per account
  • Just 1 VIBES, if you send me more will still counting equally other votes and they VIBES will be burned.
  • remember the deadline.

Invite your favorite community

This will be so simple, the community with more fans will win! But dont worry we will have these opportunities coming regurarly so a lot of communities within hive will have their chances to join the VFTLAB.

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SOCIAL MEDIA 🎶


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Posted via MusicForLife.io

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PIZAAAAAAAAAAAAAAA !PIZZA
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Connect

Trade


@al-gaming! I sent you a slice of $PIZZA on behalf of @stickupboys.

Learn more about $PIZZA Token at hive.pizza

Nice news.

Can you tell me at what time the VFT payments are done.


Posted via MusicForLife.io

Hey! let me confirm that with our dev, but is sent around 23:59 - 2:00 UTC but we had some issues last night.

That's great news and at the same time healthy voting/governance model to get the token listed. Just one quick question so only 1K VFTs will be minted in a day that's the correct assumption right? Cheers


Posted via MusicForLife.io

Pretty freakin cool going to have to think on this one a bit. Plus I'd love to pick your brain some time about how you set this all up lol


Posted via proofofbrain.io

SIM

Posted Using LeoFinance Beta

Vote for it! i would love to see the dcity community pushing for getting SIM into the vftlab

Super the next step of this amazing project, thanks for all


Posted via MusicForLife.io

Congratulations @al-gaming! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 1750 upvotes.
Your next target is to reach 2000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Tour Update - Account creation and Account Recovery steps
Hive Tour Update - Decentralized blacklists and Mutes lists
Support the HiveBuzz project. Vote for our proposal!

Oh this is a nice idea. I don't know which token will be the next pool added.

Posted Using LeoFinance Beta


Your post was promoted by @jfang003

That's good idea. I'll invite my communities to participate. 💪

We need !BEER there!

Who can help?


Hey @al-gaming, here is a little bit of BEER from @detlev for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

thanks for the information. I earn 2 vftlab diary.


Posted via MusicForLife.io