We had a very busy week with Liotes. We have built the Liotes shop and it was more work than we expected. The shop is functionning and we had quite a lot of orders already. A big thanks to everybody who made an order in it!
Solid week from a financial perspective
The project grows as planned on all levels. The liotes.fund is growing at a steady rate even if we haven't sold any new LENM this week. The secondary income sources have increased quite well and some are starting to be self sustainable.
APR for LENM
For the first time, we decided to publish an APR for the LENM token. Since there is a probability component in the LENM tokens, this data can vary from one user to the other. We have based our calculations on the price of the LEN token today, the actual number of staked LENM tokens and also on a buy price for the LENM token of 4 hive.
Considering all this, we get an APR for LENM of 23%. This rate will probably fluctuate in the coming weeks but we are quite happy with it.
Check the video for all the detailed numbers
Liotes
A project run by @ph1102 and @achim03
Resources
▶️ 3Speak
That is good
keep on
promising project on its way
Posted Using LeoFinance Beta
Thanks for the support! Appriciated!
!ENGAGE 10
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ENGAGEtokens.Wow awesome. APR is a bit on higher side considering buy orders available, but a good start.
You are right about that! The calculations are made for the LENM price of 4HIVE and LEN of 0.12... If we take another calculation at 0.11 HIVE, the APR is slightly over 21%, which is still OK... ;)
Tbh, we didn't expect this much after only 3-4 weeks of existence! Of course, it can fluctuate more, but it is a nice start...
Thanks for your support!
!ENGAGE 10
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ENGAGEtokens.@guurry123 introduced me to this project and I was impressed after reading about it.
So I purchased some miners and after the launch of shop it proved that i was not wrong. This is a really good use case. I am sure a lot of people will be interested in this service. It’s cheap and profitable to both.
I do have a question.
Who own these tokens that are going to be leased ? Are there any plans to extend this service to enable anyone lease their tokens through this service ?
Thanks a lot for your feed-back. The tokens and cards that are for rent belong to @ph1102 and myself. At the moment we want to make sure that the shop works well and get some experience. Then we will include more products and services. It would be great to be able to let people lease their tokens but at the moment the software is not appropriate for it yet.
!ENGAGE 10
Thanks a lot for replying.
This make sense to test the current offering and make improvements and new products based on feedback.
Best of luck for the project.
Awesome , I actually have a question . If I buy delegation of say CTP to my @amr008.ctp for engagement project , I need not pay you the dividends right ? Lol
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No, otherwise you would pay twice for it ;-).
hehe okay , this is good for me . I can pay more for delegators now :) Will you be adding POB in future ?
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We are still building our portfolio in POB, so we are not planning to add it soon for renting...
Cheers!
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Yeah I just saw achim reply . Feel free to delegate to my project and I will pay dividends :)
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At the moment we are increasing our POB stake with Liotes. I quite like the project. However maybe it could be an idea to delegate it to you. I saw your amazing APR on POB. But then you would need to pay us dividends ;-)
Oh yeah sure lol I will pay :p but I don't think we will have same amount of APR next week though . I am thinking of 50% + APR for POB though . Feel free to delegate hehe.
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Also I just placed the order for 100 LEO . I bought some LEN to do that.
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ENGAGEtokens.Great APR and great system to burn LEN token in every action. The model has been doing awesome in terms of LENM, too. Thank you guys ^^
It's quite a good number to start with and we hope that we can stabilize it at this size for the moment, before we bring it up ;-).
Thanks a lot for your feed-back
!ENGAGE 10
ENGAGEtokens.Mmh I totally missed this post :)
Somehow slipped through my laser eyes.
I really like those numbers ;)
!invest_vote
Maybe it will not stay on that number as there are more variable things that come to the calculation, but we will try to publish this number regularly in our reports...
!ENGAGE 10
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ENGAGEtokens.That sounds great! Thanks for all of your hard work on this project.
Thanks for your support! Appreciated!
!ENGAGE 10
!LUV 1
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Command accepted!
ENGAGEtokens.Sorry, you're out of LUV tokens to be sent today. Try tomorrow. (Having at least 5 LUV in your wallet allows you to freely give 3 per day.)
It's nice that you have now set the price so we will know the actual APR. I'll be HODLing these tokens but I think I might test my luck in the future and put a high priced sell order. If it sells, I think I got a good deal and I'll look into buying it back at a lower price.
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You can do whatever you want with your mined tokens... No strings attached... It's nice to have a good supply on the SELL orders side as sometimes people want to buy things in the shop and need more LEN... It then works perfectly for them...
!ENGAGE 10
Posted Using LeoFinance Beta
ENGAGEtokens.Anything above 15% APR is impressive to me :)
Doing a great job , I am waiting for 10 more LEN to rent LEO delegation :) Thanks again .
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You need to have 1000 ENGAGE, in order to use this service.
We will put some LEO power aside for you ;-)
!ENGAGE 10
Hehe thank you very much .
Posted Using LeoFinance Beta
ENGAGEtokens.Thanks for the update. That’s an impressive APR for a project as new as this is. Much better then any non crypto investment would return. !LUV 1
Thank you for your comment. We are quite happy with this number and we hope we can keep it at this level.
!ENGAGE 10
ENGAGEtokens.Command accepted!
Congratulations guys! Your effort seems to pay off with a great APR even sooner than you expected. Keep up the great work!
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Thank you. Well we didn't expect it to be that high so early but we also added a lot of improvements that we hadn't planned originally ;-). We hope that we will be able to keep it at this level.
!ENGAGE 10
ENGAGEtokens.Great work guys. Impressive APR. Future looks bright
Thank you. We are quite happy how it all started.
!ENGAGE 10
ENGAGEtokens.That's solid higher than some of the other projects I'm in. sooo what you're telling me is I need more? ;)
Hehehe... Not telling you anything... You are a big boy and you can decide for yourself... :) We are here to build this stuff and make it sustainable in a long term!
Thanks for the support!
!ENGAGE 10
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Hi @liotes, you were just shared some LUV. :) Having at least 5 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV tokens in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares https://ipfs.io/ipfs/QmZosc5B9VvqHJs1xVbLoxxGGc6BfmwJukG1dAr3J6PBLX
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