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RE: Move over XPOLYCUB - LBI = xLEO

in LeoFinance4 years ago

I hadn't thought of it that way, but you're right. Both are backed by the native token to the project. Seems like you were "ahead of your time" in developing these. :-)

As for the buyback program, I would think there is enough interest in LBI to create an "internal" market for that. What I mean is, last time someone wanted out, they got out in a couple hours and it only took a day or so for the price to rebound to previous levels. I would think that if someone wanted out in the future, they should be able to contact you through Discord and you could facilitate the transaction through the LBI posts. Not sure if LBI could collect a fee on that or not...?

Anyway, say I wanted to sell my @4000 LBI. If I came to you on discord we could discuss a price and you could post that "4000 LBI are available to purchase for 1.3 LEO each" (a discount to the market). You could get people to contact you on discord with "commits" and once the 4000 is spoken for, people could send their LEO to LBI and the seller could send their LBI to you and you could send the LEO/LBI to the appropriate accounts. Charge an extra .1 LEO or something to one side or the other and LBI keeps that fee to add into the pool.

I would say there would need to be a minimum like 2000 LBI or something but, it would be another potential income stream.

The way I've described it may be a little too clunky to be done but...like I said, I think there's a big enough following in LBI now that it wouldn't take long to make both sides happy. Seller gets out of a large position without killing the market, buyers get in at a discount, and LBI makes a small fee on the side. Just a thought...

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Deffo worth some thought, little pushed for time as i need to go to work but i've been thinking of offering liquidity, just not sure how is best.

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