Unofficial Reminder About LBI
Disclaimer: I am not writing this post in my official capacity as a member of the LBI Gov team.
These are just some thoughts that I felt like I should get out there. I know there are quite a few people who follow me that are also LBI holders and we are getting close to some deadlines in the next couple of months.
I am a big fan of LBI, I have @cryptoandcoffee to thank for putting it on my radar. If it had not been for him, this is likely a project that would have passed me by. I honestly knew nothing about SPInvest but after seeing how successful it was and realizing that the same person was behind this, I knew I needed to be involved.
Hard Cap
There is a hard cap coming up in the next week or so on the tokens. Please put May 7th on your calendar. After that point you will only be able to purchase LBI tokens on the Hive-Engine or LeoDex markets. Likely many of you are already doing that given the reduced price in HIVE/LEO/LBI right now.
Just remember, before long that will be your only option.
Call For Proposals
The window for proposals is formally open right now. This is a great opportunity for LBI holders to suggest some guidance and direction in how the fund is handled. We are just a couple of weeks away from the current window being closed on proposals.
May 7th
You should already have this date on your calendar because of the hard cap, but it is also the date that the proposal window closes.
You can find a bit more information in this post.
The introduction of the hard cap raised some really good points from some of the community members. I was really hoping they would take the initiative to turn some of those suggestions into formal proposals, but that wasn't the case.
Despite the current pull backs in the market as a whole I am really excited about the direction that the LBI project is heading. The community has made some tough decisions about dividends, but in the end I think pushing the payouts back will ultimately benefit us all.
The Project Blank air drop should provide a substantial boost to the revenue that LBI is bringing in. In addition to that, the price of CUB has been holding pretty steady despite the pull back, so I have a feeling the LBI CUB investments are chugging right along!
With the prices being down, this could be a great time to build up your LBI stake a little more and be ready for what the rest of this year has in store for us.
I have a feeling it won't be long before dividends start getting paid out and we can really start to realize the long term benefits that holding LBI has.
Again, I am not writing this post in my official capacity as a member of the LBI Gov team.
May 7th, Mark Your Calendars
Sports Talk Social - @bozz.sports
Posted Using LeoFinance Beta
Again this reminds me I really need to look into Leo and whats it is all about i have missed so much while away from here
It is pretty cool if you are interested in finance/crypto stuff. Even if you are just trying to learn. They have a lot of great stuff going on!
Posted Using LeoFinance Beta
I will for sure take the time to look into it
There is a lot going on, it is amazing.
Playing catch up will be hard because there is so much rolling out on a weekly basis.
Let us know if you need any 411 on stuff.
Posted Using LeoFinance Beta
Thanks, is there any account i should follow or read to find out more?
Depends upon what you are looking for.
If you want info about Hive and Leofinance, I write a lot about that. Edicted often has some good insights into different things. If you want hive developer information Blocktrades is another one.
I do a lot of scrolling through the recent page on Leofinance. Have to sift through some stuff that is junky but there is a lot of good stuff.
We also have a daily room in @leomarkettalk where people drop by and discuss different things. You might want to check that out.
Posted Using LeoFinance Beta
Thanks will check it out
i started buying lbi last week and I will be doing more of that in the coming weeks. thanks for the reminder. i was also lost as regards dividend payment but you have clarified some of my confusion.
Posted Using LeoFinance Beta
No problem! It is a really great project so picking up any extra you can is always a good idea.
Posted Using LeoFinance Beta
Thanks for the heads up. I own some LBI and will be picking up some more. With everything else going on, I'd almost forgotten about how the airdrop will affect the token and am thankful I checked out your post. Onward! :)
Posted Using LeoFinance Beta
No problem!
Posted Using LeoFinance Beta
LBI is making people money. A lot of good opportunity for that fund.
Posted Using LeoFinance Beta
Thanks for the reminder and I already got my LBI positioned filled. So I am ready for that hard cap with 100 LBI and enough for my vote to be worth a value of 2 on those proposals.
Posted Using LeoFinance Beta
Nice! That is awesome! There are lots of accounts that just hold a small amount.
Posted Using LeoFinance Beta
I foresee investors in LBI seeing their dividends flowering in May! You know the old saying,
April showers bring May flowers.
Posted Using LeoFinance Beta
I sure do. Doesn't seem to be playing out in real life. It has been a pretty dry April for us so far.