Did you see the latest post from @spinvest?
This was a very interesting announcement that took place. The project is now offering royalty rewards for, well, loyalty. It is a way to further reward those who are dedicated to the project both with their activity along with the holding of the SPI token.
Here is what was stated in the article:
SPI is over 3 years old now and we've been growing and rewarding as and when we can. We held back on issuing dividends for 14-16 months which helped to maximize growth within the first year. By the time we started to issue weekly dividends, fund growth was not dependent on HIVE earnings and we could spare it. Fast forward 18-20 months and today our non-HIVE earnings are enough to fund this new incentive while still being able to continue to grow at its current pace. This might change in the future but I can't see us not being able to fund this with $500-$1000 per year from harvests.
The idea here is multi-faceted:
- to provide some fun
- to incentivize people to add more SPI to their holdings
- to further rewards (even if in small ways) those who are helping to grow the project
It is always good to have a mechanism in place which pushes people to add to their position. Something like this is another layer built on top of what was already developed.
Could This Happen With LBI?
Obviously, the reason for bringing this situation with SPInvest up is to determine whether is could happen for those holding LBI. While there are some who have tokens in both projects, I will surmise that most LBI holders could care less about SPInvest.
Nevertheless, the two are interconnected to a degree, especially since LBI-token came out of the model that SPInvest laid out.
Therefore, many ideas that are placed there can be rolled into this. If successful, there is the possibility for LBI to do something like this in the future. Of course, there are a couple factors to point out.
As the above quote shows, the dividends were held back 14-16 months. We went over a year with no payouts. Instead, 100% of what came in went back into the fund. There was no "leakage".
LBI did not do that. We went 6 months without dividends before starting the payouts. As with most things, the money that did not go in early hinders the totality of growth of the project. That means it might take a bit longer before we see the potential to pull off a move like this.
Of course, the bull returning could help things in a massive way. We all know things are pretty beat up in the markets right now.
Keep Adding
The key, as always, is to keep adding to the pie. No matter what the input, it all have an effect on output.
For this reason, ideas such as this can have a great impact over a long period of time. If people understand the consistent rate of return that is generated, they will be more inclined to keep adding. Of course, getting some added bonuses along the way never hurts either.
One of the advantages to a project like LBI is the flexibility that comes with it. We can see how, over time, we can keep building layers that will result in growth and expansion. Consistency is key.
As we said all along, this is about getting rich slowly. For that reason, we seek to keep getting outsized returns over a long period of time.
If we can have a bit of fun along the way, that is a bonus.
Article by @taskmaster4450le
Posted Using LeoFinance Beta
Another angle could be LBI launching its own LeoLions NFT series.
Marky sold hundreds of thousands of HIVE worth of jpgs via Hive Punks.
Why can't LBI?
Posted Using LeoFinance Beta
It could, why not?
The problem is everyone already knows that PUNKS are sorta worthless and we'd never be able to match Marky's sales as he was 1st to market. I would say we could issue 5000 at 10 HIVE each maybe. To be honest, they would need to have some sort of use case like LEO HODL rewards are something.
I have wrote about a LBI NFT idea before so im down like charlie brown.
I haven't read the SPI post, but from this article, it sounds like it's taking funds that could be invested and giving them out as prizes to holders. I personally wouldn't be in favor of something like that unless it in some way brings more value into the project as a whole than it takes out.
For SPI, the funds be used are coming from defi harvests and represent a very small % of earnings so SPI can afford it. For the cost of $500-800 per year, it has the foundation for building a small loyal community of investors that HODL and add SPI to gain better rewards.
For LBI, it could not afford to fund something like this, not even close. Well, never say never it could be funded in other ways, we do operate on LeoFinance and HIVE which gives money away for content. Fundraiser could be another way, the last resort.
Actully pretty cool!
Posted Using LeoFinance Beta
Interesting.
LBI could not afford to fund something like this but there are other ways to raise funding :)
The cards are cute :)
Posted Using LeoFinance Beta
Thanks man, they took me fooking ages
I don't think it's good. It's changing the way LBI was supposed to run. I think we should stick to the original plan and expand
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STOPCheck out the last post from @hivebuzz:
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I would be happy to see some sort of Loyality program, even if it was a badge from hivebuzz. I think it was a pity dividends were paid out so soon after launch, we could have been in a much better position now, but that was the vote. I will continue to grow my share of the pie of LBI as I missed the SPI in the early days.
Posted Using LeoFinance Beta