LBI Frequently Asked Questions - FAQ's

in LeoFinance2 months ago (edited)

Hello, LBIer's. Let's put together an LBI FAQ post that can be referenced back to for frequently asked questions. We have noticed from launch we get the same questions asked over and over and sometimes by the same people because they ask a question and dont check back to our replies. We understand that curating and reading through lots of posts can be a timely process and a lot of us end up scanning posts and missing lots of key information so this FAQ has been set up so we have a URL where people can visit and self educate.

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This FAQ will be updated every few months to keep it fresh. Edits will be recorded at the bottom of the post.

What is LBI?

  • LBI is a LeoFinance based investment club fund. It's token is priced and backed in LEO and its goal is to increase its value through a mix of active and passive incomes.

Is LBI part of LeoFinanace?

  • No, LBI has been created and is operated independently of LeoFinance. LBI is not supported, endorsed are promoted by LeoFinance.io

How can I buy LBI tokens directly?

  • You can send any amount of LEO directly to @lbi-token and you have receive LBI token to the value of your LEO.

  • Today the LBI token price is 1.10 LEO to 1 LBI token

Do I need to stake my LBI?

  • No, LBI tokens are set on a POH model. This stands for Proof of holding and means you are only required to hold your LBI tokens in your exchange wallet. Please note that when you set a sell order, these tokens are no longer in your wallet.

What is the max supply of LBI tokens?

  • There were 1 million LBI tokens created. 250,000 have been minted to date with around 90% of these already sold and circulating investors wallets. Unsold LBI tokens will either be burnt are used toward a token holder incentive.

When will LBI start paying out dividends?

  • LBI held a token holder vote and it was decided by a landslide to hold off on paying weekly dividends until at least 9th April. This is when we will hold a second vote that will decide if we extend another 3 months are started issuing dividends.

What sort of ROI should i expect?

  • Completely dependent on incomes generated but we target 20-25% growth per year. The vast bulk of income is coming from LEO curation in these early stages.

This post will be edited and updated as times goes by and LBI becomes more involved with other things. If you have any questions that are not answered above, please head over to the LBI discord server and ask in the correct channel for advice.


Last edit:

04/02/21 - by @silverstakceruk

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Where can I buy LBI tokens?

I think you forgot to mention that people can buy directly off the Hive Engine if they don't wish to wait.

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Thanks, edited it now :)

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I'm sharing this post to raise awareness. Let us hope new users can join. Thanks for putting it together.

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Thank you,

I'll keep uptop of it and update every month are so to keep it fresh, thank for the repost

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My pleasure, it's in our best interest to attract as many people as we can.

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First!

There was this thing with 'First' comments back in the day.
As for the FAQ it's great initiative and should be developed further to cover more info

oh, i'll try to keep adding to this and a few years, it's be 10k words long, lol

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Lol, not anymore. I remember when you have to refresh your "created" feed every minute to be the first to comment on posts made my whales or will be supposedly upvoted by whales.

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The FAQs are really very useful for both new and old users! :p

Thanks so much

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Thank you, yes we can add more questions and answers and soon we will have a 10k word post, lol

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will lbi invest in other tokens apart from leo ?

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It depends upon the community. SPInvest did but with all that is being generated on Leofinance, we might be best to stick with that. We will have to see what they come up with as well as what resources are available to us.

Next up is the microblogging token that we will be airdropped. This will be our entry into another application and thus the token. There will be a way to earn curation rewards off that also.

Miners are in the discussion to as well as the governance token. Since none of this is detailed yet from the team, we are still awaiting word so as to toss out suggestions.

Posted Using LeoFinance Beta

Where to buy LBi was also an issue to me in the past. Although I didn't have much Leo or money, but then maintaining a positive PR with the LBi populace or prospective buyers are really essential. Very revealing.

Posted Using LeoFinance Beta

Nice job. You should get this post pinned somewhere in the Discord server too! That would be awesome. Hopefully this helps answer most of the questions that have been out there. You also might want to add the part to the FAQ about the airdrops. I know people were confused about those at first.

Posted Using LeoFinance Beta

Yea, i'll add it into the discord server at some point, had crossed my head. I should add in a bit for airdrops, thats good thinking. Thank you

Posted Using LeoFinance Beta

No problem! Thank you for putting this together.

very useful post indeed. you should link it in every LBI post at the end as FAQ!

Posted Using LeoFinance Beta

Yes, when i get a few more questions and answers in here, we'll soon link it to the bottom of every post. Thanks for the feedback

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I remember asking at least two questions that are in the FAQ so good job.
I also found an answer to a question I was definitely going to ask in the next few days
A link to this FAQ should be put in every post.
!BEER

Posted Using LeoFinance Beta

Indeed, these FAQ needs to re-published often to put users on the consciousness of what LBI represents.

Posted Using LeoFinance Beta

It's very useful articel who wants to knowing about LBI Token and thankyou for explain about LBI Token :)
I'll be Reblog this important article for my refference!

Posted Using LeoFinance Beta

This will be a good reference post to refer back to when spruiking the project. Great information.

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Great, should be good to have a “sales” document and a FAQ.
As mentioned already, FAQ to be added as a resource in discord general.
I’ll try to work on a sales doc and send it to the you guys.

Posted Using LeoFinance Beta

An FAQ would definitely be a good thing to have! For me, the primary question is always "how much does LBI cost?" and "Can I still buy them directly?" I imagine there will come a point when it's "open market only," and the price will probably take a jump, at that point.

=^..^=

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A link to the market will be good.

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This is such a valuable post! This is an epic cheat sheet to take LEO to the Moon!

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yes, cheat sheet for LBI, that is good way to put it.

Thanking you for coming to checking out the post and leaving feedingback.

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Good idea to have FAQ and always good to have a refresh on the project too! Looking forward to April and the growth of LBI!

Me too, April will be a good month for us as we will hav e some skin in the wLEO LP and maybe something else.

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Do we have already a cut out date in which the LBI tokens are not minted anymore and everything not sold up to a million will be burned? Im pretty sure I saw it somewhere but I'm unable to find it now.
I understand that the more tokens sold the better because the financial arm will be bigger, but there should be a timeframe for it? Genuinely asking

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Yep, timeframe is when people stop buying LBI tokens. With the recent price increase, the slow down has already started but no set date, under a year if i had to guess

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Some valid points and just maybe we will get some more investors. Over the last week I have spoken to a few in discord who had no clue and said they would buy some LBI.

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Many people do not know about it, we've already sold way more LBI than i would have thought so we're already winning.

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Great, this answers some few questions that was quite unclear to me. E.g the dividend part.

I believe this answers the basic questions people have doubt about as regarding the LBi project

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Thank you for the feedback, glad it helped you understand divs better. Answers are brief but to the point

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Great FAQ's for some new user. It will help them to get into LBI!

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Thank you for checking out the post and for leaving some feedback.

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Hey @lbi-token, here is a little bit of BEER from @libertycrypto27 for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

That is a goodpost for everyone knows the LBI basics

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Great to see @lbi-token price increased.

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OK, I understand the concept of LBI a lil better now, I am still missing the big picture, but I guess I will trust you guys to act wisely. I will try to stock up to 50 Tokens just so I am not missing out too much.

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Very clarifying FAQ, I had some doubts myself that are clear after reading it. Keep it up.

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