Leaving the office for 36 hours and a few updates

in LeoFinance6 months ago

Authored by @silverstackeruk

Hello, LBIer's. Tis the season to be merry, not saying I live in a rough area but just bought an advent calendar and half the windows are boarded up. Heads up I'll be out of the office from around 8 hours after this post is uploaded until late AM on the 26th. Feel free to continue to send LEO for LBI's but be aware that you will get them on the 26th. Tomorrow's post will be a simple upload, 8-12 lines and a nice Christmas picture wishing everyone a good day. I was thinking to not post at all but then the "monthly author" achievement is calling and I dont wanna break our streak. I'll always find a reason, haha.

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Over the next week

  • The first proper weeks earning and holding report will be uploaded on Saturday the 26th. The spreadsheet I am using is very basic as we are a fresh project so and you will be able to watch it evolve and grow over time. I think token holders are going to be happy enough with what we can earn in 1 week. We got a double payout on Saturday because LEO rewards are paid out every 23 hours. I never timed it like that to make our numbers look good for the 1st week, im not that smart but we'll take it and make it our benchmark for the next week.
  • The governance post will be uploaded next Thursday and will decide on a model to go with. I think going from feedback, most people were happy with what was suggested with a few asking to increase from 6 months to 12 months for the governance team cycles while keeping 6-month governance voting cycles where the top 5 proposals are voted on.

LeoDEX & hive-engine trading

I have noticed that the daily volume on the LBI token is always on the top 20 meaning a lot of tokens are being transferred and swapped between wallets. I see a few people buying LBI's and then flipping them over, nothing wrong with this and it's nice to see people are spending there HIVEp to get involved. I see the people that are doing the flipping are returning to buy larger amounts of LBI so i would put a guess out there and say they converted the HIVEp they got into LEO and everyone wins. More LEO being bought adding to demand, more LEO be powered up by LBI and the arbitrageur's increase's their holding.

Sorry for the broken record but...

LBI is only 17 days old and we've issued a massive 177,442.669 LBI tokens at the time of writing. We've powered up more than 178k and that LEO is as good as gone in terms of it being tradable. We'll hit 200k soon. I believe!!

I see a few people asking about 1/, the LBI hard cap and 2/ when we will stop issuing tokens.

1/ There were 1 million LBI's created so max hard cap is 1 million. Be aware that 80% of the final hard cap for LBI will consist of 80% sold tokens and 20% content team rewards. So, in our case, the max amount we can convert to LEO by selling them is 800k. With most people having already filled their bags with big LBI buys, i can safely predict we will not issue another 550k LBI tokens.

2/ Simple, when people stop buying them directly from @lbi-token. A rough ballpark figure would be when leoDEX/hive-engine trading volumes overtake direct sales. Of course, we will give it 2 last pushes to maximize the amount of token we issue. We could offer up a limited amount on the exchanges for HIVEp for maybe 1 week are something and as a last LEO grab, exchange LBI's for wLEO for another week before hard capping. This is all months away so there's no rush at all right now. The LBI issuing price will remain at 1 LEO until at least February and then we'll see what happens.

Good news is I see a lot of token holders putting in direct buys everyday almost like buying LBI's has become a part of their daily/weekly routine. Nothing wrong with saving a cut of the LEO earnings, good strategy as little and often soon adds up to something big and expensive. If this is the case and we can issue a decent amount every day, maybe we never stop issuing them. If the demand for LBI remains as it is now, we would continue issuing them until all 800k are gone. Might take a few years all the same.

Teaser

Here's a look at how our LEO earnings are coming in this week so far. We can see that curation rewards have taken over content rewards as predicted. As we continue to add LEO POWER to the LBI wallet, curation will continue to increase.

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Thank you to everyone for the support shown toward this project already, we welcome comments always and love to interact.

Posted Using LeoFinance Beta

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Can't wait to see how all this plays and pays out. I am also buying as much as I can each day. I must work out of I can get deals by buying some through Hive engine. Happy Christmas to my fellow investors.

Posted using Dapplr

If someone is willing to sell below the 1.0 price, then you can scalp some for a reduced price.

I dont know why people do that but at times they do.

Posted Using LeoFinance Beta

I must check but have to do some maths on it first to see if there are any deals going. I don't understand people selling now either, especially when things are only getting started.

Buying LBI certainly became a daily routine for me. As long as you don't grow tired of sending me these LBI tokes I won't grow tired of sending you my LEO ;-)

Merry Christmas to you and the team - enjoy the holidays!

Posted Using LeoFinance Beta

We are glad this is forming as a basis of how people are approaching LBI.

It will help to keep the issuing of the tokens open. As long as there are steady buyers, we will foster the growth of the project.

Posted Using LeoFinance Beta

We have a deal :)

Happy Christmas

Posted Using LeoFinance Beta

I am in the habit of sending LEO over every day or two to add to my LBI holding.

Growing slowly works also.

Posted Using LeoFinance Beta

Merry Christmas :)
I think people will keep buying LBI directly everyday from their daily LEO earnings , so 800k isn't actually too far in my view.

Posted Using LeoFinance Beta

Could happen, remember SBI units on STEEM. They were able to sell thousands everyday. I know its not the same thing but it's possible

Happy Christmas

Posted Using LeoFinance Beta

I know. I myself used to buy atleast 1 SBI a day back then .

Posted Using LeoFinance Beta

That would be incredible but I think rather difficult to pull off.

There are not enough rewards on a daily basis to end up with that.

That said, we already saw the expected total surpassed so we shall see.

Tens of thousands of LEO could keep flowing in each week for months. If that is the case, we will keep watching it grow.

Posted Using LeoFinance Beta

Well once the payout starts , many people might convert some Hive to LEO just to get LBI too .
According to me , once payout starts a lot of people will start posting about it ( like APR and stuff ) which can bring even more people .

Posted Using LeoFinance Beta

That is very true. We will see how it all unfolds. For the moment, I dont think there are enough wallets.

We need to see at least 250 wallets holding LBI and adding to it.

That said, if there are a couple thousand LBI sold each day, we will likely see it kept open and it grows.

Either way, fun times ahead.

Posted Using LeoFinance Beta

Is there anyway for us to know in how many wallets LBI is currently present?

Posted Using LeoFinance Beta

You can check the richlist in the Hive-Engine explorer to see the wallets that hold LBI.

https://he.dtools.dev/richlist/LBI

Posted Using LeoFinance Beta

Ah see I knew it and still I was dumb enough to ask that question.

There are no dumb questions 😉

I'm interested in why 250 wallets?

I'm also among those who are buying every day and don't intend to stop. This project is growing nicely.

Merry Christmas everyone! :)

Posted Using LeoFinance Beta

We appreciate your support and confidence in what is developing here.

Posted Using LeoFinance Beta

Keep it up. It is fun to watch the project growing as more participate to a greater degree.

Posted Using LeoFinance Beta

Yes you are, i reconsge your name :) The earning report will be interesting :)

Posted Using LeoFinance Beta

The curation earnings are becoming really impressive ... and totally expected that they would take over the content earnings. But, I'm still baffled by the amount tokens that is issued so far.

Posted Using LeoFinance Beta

I knew from day 1 we would issue 175k token in just over 2 weeks, lol.

If you'd asked me 3 weeks back, i would have said we might be at 70k by now best case, im still blown away as well.

Posted Using LeoFinance Beta

Let us see how long until we hit 200,000.

Posted Using LeoFinance Beta

If I have to make a guess ... I would say, at least 2 weeks from now until we go over 200K

With the account size, the curation is outpacing earning.

Keep in mind that the curation payouts are a week behind. We are upvoting now with a much greater amount than a week ago.

The payout for each curation upvote is larger than what we are being paid on now.

Posted Using LeoFinance Beta

That's a great thing that we have accomplished this so soon after the start. And, that makes me very curious to the curation earnings from next week ...

It will be higher. Each week, the comment upvote which is done at 5% keeps going up.

Posted Using LeoFinance Beta

The comment upvote is moving towards 1 LEO each.

The VP is down now but it is still over .92 at the moment, meaning we see .46 for LBI.

This is a 5% vote.

Posted Using LeoFinance Beta

Impressive!

Posted Using LeoFinance Beta

That's what is great about Leo, just curating makes a nice prophet.

Posted Using LeoFinance Beta

Sure does, why do anything else?

hmmm..

Posted Using LeoFinance Beta

Having @lbi-token its a smartest way to invest 🤩
Buy buy buy buy and HODL

Posted Using LeoFinance Beta

damn right, it'll work out well for us as the community is so active. Thanks for the nice comment and words :)

Happy Christmas

Posted Using LeoFinance Beta

We all need to follow that rule.

It is a great way for the community to really enhance its place on Leo.

Posted Using LeoFinance Beta

350/500! during the first week of January, i think i will achieve my goal!

Posted Using LeoFinance Beta

It is wonderful to see people setting goals for LBI.

This shows they are serious about the project and growing their stake.

Posted Using LeoFinance Beta

and happy after they reach them, that happiness turns to motivation after accomplishing it!

Posted Using LeoFinance Beta

I currently only have one liquid LEO and as soon as I get to at least 10 I will buy 10 LBI tokens.
For now I placed an order on LeoDex to buy at least 10 LBI right away.
I think buying will be LBI will be a routine of mine soon.
Thanks for the news and Merry Christmas :)

Posted Using LeoFinance Beta

By the way, keep posting comments and you will keep getting some upvotes for the engagement. This is also a good way to grow one's LEO.

Posted Using LeoFinance Beta

Thanks a lot for the suggestions
Best wishes for a Merry Christmas :)

Posted Using LeoFinance Beta

You can buy the LEO directly by sending your LEO to the @lbi-token account and the LBI will be sent to your account within 36 hours.

Posted Using LeoFinance Beta

Yes I will do so ;)
Thanks :)

Posted Using LeoFinance Beta

I'm waiting for 200.000; at least 190K+ before 2021, let's see if it happens or not 😎

Merry Christmas ^^

Posted Using LeoFinance Beta

It will be tight. We will see how the last week of the year goes.

Over 180,000 in there now so we will see if we have a big week.

200K by the start of 2021 would be amazing.

Posted Using LeoFinance Beta

Just made my first 800leo transfer.
Not going to be the last one for sure.
Proud to be part of this from now on.

Posted Using LeoFinance Beta

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

You distributed more than 1000 upvotes. Your next target is to reach 1250 upvotes.
You made more than 300 comments. Your next target is to reach 400 comments.

You can view your badges on your board and compare yourself to others in the Ranking
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Do not miss the last post from @hivebuzz:

Offer a gift to your friends for Christmas
HiveFest⁵ feedback and contest results

Can we hit 200k in 2020 ?

That would be a fantastic thing to see because it would mean that in less than one month we hit 200K.

Posted Using LeoFinance Beta

Good things coming. This is so great, @lbi-token.

Posted Using LeoFinance Beta

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