LBI Gov Team Roadmap

in LeoFinance5 months ago (edited)

Greetings LBI stakeholders! With the governance election behind us, it is now time for the team to put feet to the ground and get to work serving you, the LBI faithful.

The @lbi-token team recently posted about what is going to be on our agenda for this first governance term. Please note, this first term will be nine months long, but all other governance terms in the future will be six months.

One of our first orders of business will be holding another election for dividend payments. In case you are new to the project, at the end of the first month of token sales, the LBI team had an election to see if holders wanted them to immediately start paying out tokens or if they wanted to wait three months to help build more capital.

As a reminder, the more capital that LBI holds in Hive and other second tier community tokens, the more they can earn in curation and other profits, thus a greater amount that can be passed along to the holders as dividends.

Believe it or not, we are nearly a month away from being at the end of the first three-month extension period that the voters approved.

In the middle of March we will be creating a post asking you to cast your vote as to whether the LBI team should continue to build their capital for another three months or if they should start distributing dividends at the beginning of April.

This voting window will remain open for a week at which time it will close, and we will begin counting and certifying the election results.

Please remember your stake ensures your vote, so it is important to take the opportunity and let your voice be heard when the window opens.

Here is a quick reminder about the vote weight each LBI holding tier has:

TierLBI HoldingVote Value
Tier 110-99will earn a vote equal to 1
Tier 2100-499will earn a vote equal to 2
Tier 3500-2,499will earn a vote equal to 3
Tier 42,500-9,999will earn a vote equal to 4
Tier 510,000+will earn a vote equal to 5

LBI Banner.png


Moving forward, we will be following the model that was proposed and voted on in this post. This is the roadmap the governance team has for the future:

Assumptions: The governance team was voted in at the beginning of February and this first team will hold a nine-month position. This means we will need to have a condensed three-month window for this first batch of proposals, so we can then get on a proper six-month schedule.

End of March 2021
  • Hold a vote to determine if holders want to continue to build the account or immediately proceed with dividend payments
  • Open call for proposals
Mid-May 2021
  • Governance team will collect proposals and present them for a popular vote
End of May 2021
  • The top five proposals from the popular vote will be passed on to the LBI holders for a governance vote.
  • After a two-week period, the top two proposals as voted by the stakeholders will be passed
Beginning of June 2021
  • A new call for proposals will be initiated
End of July 2021
  • We will hold another governance vote about dividend payments (if needed based on the March vote)
Mid-December 2021
  • Collected proposals will be put to a popular vote to determine the top five
  • Open call for new governance team nominations
End of December 2021
  • Top five proposals will be put to a governance vote
  • Governance team voting

Please note that there may be some additional votes through this period as we look to potentially establish a gaming team and things become clearer with Project Blank.

As a team, we are really looking forward to serving this vital function for the stakeholders of the LBI token. Together we will ensure the success of this great project!


21/03/2021

*edit by @empoderat,
Changed the voting window text to one week (instead of two) to avoid discrepancies between posts.

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Great news to see the governance team jumping into action. Looking forward to the dividend vote and what kind of proposals will be put forward for the future of LBI.

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Thank you for dropping by. We are looking also into it and expect a high participation on it. Please think about proposals that we can tackle and present them as we all can benefit inside LBI.

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Looking forward to share my ideas and increase my holdings so I can have more voice regarding governance. I wish you good fortune in the wars to come.

We can't wait to see the ideas flowing in. Increase the holdings is definitely the thing to do!

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Dam don't feel like it is that long, Well I think I will have to start using my LBI to try to get a little more vote power. keep up the good work.

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It makes sense, as the value of the LBI-token increases on a weekly basis. End of March we decide if we pay dividends or go further with the reinvestment.

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Great to see the governance puting some practical things in motion and the roadmap is the first thing that took shape. Hearing about enriching the LBI project through a "gaming team" or other such proposals, I feel we are enriching the earning angles.

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You might want to apply for the gaming team, as we see that you have a good track record with financial focus on games. Think also on proposals that you might want to share with us.

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Thanks for the suggestion and it is something to think about it. I wonder if the fund would invest only in HIVE games or also from other blockchains with I consider it something great if that would happen.

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Congrats, you were upvoted from this account because you were in Top 25 engagers yesterday on LeoFinance .
You made a total of 18 comments and talked to 15 different authors .
Your rank is 17 .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.

I am running a Hive giveaway contest too , to win it - you have to be in Top 20 in CTP + LEO + SPORTS + Top 5 in STEM

Today's winner of 1 HIVE is - jfang003 ,amr008 and anderssinho

Thanks for the general schedule of how things will unfold. I don't mind building the account more as LBI is a long-term hold and it appreciates due to the value of the LEO it generates. I do wonder what type of proposals people put forward.

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We wonder also and can't wait to have the first round coming in. Please also think for proposals by yourself! We would like to see what every LBI holder is thinking.

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where is the fun in so many elections with no political drama, name calling or wall building? :))

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The fun is seeing your funds grow without a drama and the headache behind.

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totally agree on that :) but elections need to be more "spicy" :P

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Good to see the first real post from the ew team out. Time is flying and can't believe we have to vote on something already for the second time.

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Indeed, time is flying fast, and we will vote this year on a regular basis. I think the Swiss have a similar governance model, where they vote for almost every law, and they are doing fine.

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yeahh! the gov team is starting to take action!

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If we want to grow we need to take action, that is definitely the case. Please think of proposals that you might want to share with us.

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

You distributed more than 10 upvotes.
Your next target is to reach 50 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 Power Up Day - March 1st 2021 - Hive Power Delegation
Hive Tour Update - Communities

May I ask who's the author of this post?

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Painstakingly and lovingly crafted by yours truly. Reviewed and approved by the entire LBI-Gov team.

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Thank you Bozz!

Would it be possible to sign the articles in the future? Is that too much to ask? Would be nice to know who's the brain behind it :)

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We can probably do that! I was afraid my celebrity status would detract from the content of the post :)

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Thanks for the news! I will keep an eye on the upcoming proposals. I have a comment about:

"End of July 2021 - We will hold another governance vote about dividend payments"
This proposal shouldn't be first "proposed" in the next wave?
This sounds quite like if the incoming vote in March is already decided ;-) Maybe we should wait as if dividend start happening, to cancel it again in case then the July proposal is reversed will be a bit of a mess, isn't it?
Hope I explained myself, haha!
Good Job on the overall roadmap. Go LBI!

Good point, I will edit it.

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Hi @empoderat
I am going to start a contest called Dear Mr Musk, in which the contestants write the Twitter limit for one good reason to invest in Cubfinance featuring a picture of our cute Mascot?

Do you think you would be willing to be a sponsor, say one hundred Leo?

You could also be a judge!

I can ask a couple other Leo Whales to participate also.

I am thinking each Tweet should say:
1 of 10 good reasons to invest in Cubfinance,

and the contest could specify nit to attack Doge, instead promote Leo.

What do you think?

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Go for it.

Unfortunately, I don't have much time lately, Ima bit stressed (didn't post for over a month, damn). So I prefer to avoid being a judge.

Tag me in the post and I'll be dropping by ;)

The LEO has been sent.
Waiting for your tag!

Thank you for your support!
I will definitely tag you in the post!
Sorry to hear your stressed out.
I hope your investments in Venus didn’t add any stress. I was thinking of moving my Bitcoin there, but decided to wait for Leo lending, now Cub Kingdom!

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