LEN Token "Secret" Revealed
I recorded this video almost a month ago and I can't believe that I needed that much time to edit it and to write this short description... Luckily, the content is still relevant and it will be for a long time, hopefully!
You know that we at Liotes care a lot about transparency and that's why we publish updates about the project and financial details every Monday... Also, when we created Liotes almost 3 years ago, we have created the whitepaper that we try to follow and stick to it 100%! All that information can be found at our website, but I know that some of you like to get "regular reminders" how things work...
While it isn't that complicated to understand, there are more ways to describe how Liotes works... In this video, I have tried to explain how our main tokens LEN and LENM work, and what is the "secret" of their stability, especially in times when most Hive-Engine tokens went down very hard... It is great to see our tokens going in the opposite direction, climbing up...
That climb isn't by accident, it's not because we were "lucky", or that people blindly FOMO into Liotes, it is more about work, good tokenomics, adding value to the HIVE in different ways, and adding value back to the community! Of course, all this wouldn't be possible without you guys, so thank you for all your support!!!
Check out this short video to get better understanding where the value of our tokens come! Also, do not forget to vote for our HIVE WITNESS as that's another way of us giving back value to you! You can find link for the vote below, or search for LIOTES in the Hive Witness list and cast your vote!
Please consider voting for the Liotes HIVE Witness
Liotes
A project run by @ph1102 and @achim03
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Yes! Pump! 😎 Right now I see only two tribes which seriously run tokenomics. InLeo and Liotes. It's nice to be part of the second one. 👍
The LEO token has lost 99% of value. What serious tokenomics do you mean?
Yeah, well, what do I know, they advertise heavily, they got support for their proposal easily, for example, you know, for Ecency the development of the proposal didn't go so smoothly, we all struggled with this advertising...
well, it's not tokenomics, they sell aggressively, there's always something going on, they even have a futurist I like to read, but, indeed, what I've tried with them, from the bridge to now this inleo/threads is full of bugs, well the tokens I had I've all invested somewhere so I have almost nothing of theirs ...
At least everything is open on chain to see if people do what they advertise.
Yup.
Thank you! I'm glad that we have you with us on this journey!
That's really nice of you.
Great job with managing the tokenomics well. It is easy to just print more tokens from nothing and maybe people wont notice at first, but the price says everything.
I think it's about the different views about "added value"... While we do like to add value through our posts, or discussions with our community, it is important to give some monetary value back too! The second part makes us different compared to many others...
I thought it was an ingenious way to even support the LEN project with Bitcoin! As Bitcoin goes up, the returns do too!
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I like that walk and talk video @ph1102. As I said I watched it after the show. You are doing good with Liotes project. Good luck for the future tho!
Thank you! We are doing our best to make Liotes successful and all people who are involved in it!
Good work in token management. It is important.
Thanks!
Making things sustainable is something a lot of projects don't do and I think LEN/LENM is doing great in that regards.
When we created the project, we said that our goal was long-term sustainability and slow growth... After 3 years we are sticking to the same goal and building things on the same foundations!
I really appreciate that you guys always take the time to explain how the program works.
Understandably, not everyone can understand things from the first read/watch/explanation, and it is always a good idea to go around and show it from a different perspective...
The only secret is a good sound project that doesn’t aim to be a fly by night get rich quick scheme. You people are doing great. 👍🏻
Thank you very much! We are doing our best to give as much value as we can to the people who are in Liotes!
Thanks for the updates and explanations. A combination of Achim's banking and business experience and zoltan's business mind have made this project a success :-)
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Hehehehe... Thank you very much for your flattering words... :)
Appreciate your sharing as always! For people like me who have been around for some time (or maybe a long time!), all these information are familiar to me.
It's really important for people to do a read up on the whitepaper and understand how this project works. By reading it, and also seeing the real execution over the years, I think one would understand why the LEN token has performed so well. I am glad that I found my way into this project early and could reap some of the benefits and grow my Hive account better.
I think you forgot to mention the amount of hard work required to put all these initiatives together and run the weekly posts, distributions, etc. I think that's the main secret sauce - I see some (if not, most) of the layer 2 projects, people just lost interest halfway and they just gave up.
It's very nice of you to point this out because you are not wrong about that :-). There is a lot of work done behind the curtains but we like what we do and we see that it develops the way we anticipated :-)
It would be nice to have subtitles for those of us who do not know the language and seek to understand these projects.
Huh... I'm not an expert in video editing and I think that 3Speak doesn't have the automatic subtitle option... 😞
Anyway, you have details on the liotes website (link in the post), and you can translate the text into your language!
Thanks for the comment!