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RE: LBI earnings and holding REPORT | Year 02 | Week 45

in LeoFinance3 years ago

EDS works because it's pegged to 1 HIVE and this makes it easy to plan a model around. CUBlife's token price goes up and down so it's not as easy. We probably could make a CLM work if harvests were reinvested to back the CL tokens being minted. I would be easier to create a new token that was 100% invested into either staked LEO or a single CUB farm (bLEO/BNB). Curating takes time and earns under 10% and the farm takes no time and earns over 20%.

Create a presale where LBI investors could exchange LBI in the new token. We run this for 1 month are something, then soft cap the token. After that the only way to get the new token would be to mine them the same as EDS. The ones that convert LBI into the new tokens reap the highest rewards as they own most of the new tokens before more are mined. Just thinking out loud, haha.

My thinking would be if we created an LEO income token that was invested solely into LEO only and let people convert LBI into the new token, the remaining LBI token holders would be more focused on growth. You've seen where EDS has grown to and it now represents 1/3 of SPinvest's total HP balance. An LEO version could go down a treat. Of course, I'd guess most investors would hold both.

Your last question, if the price of LEO increases we would be able to buy more non-HIVE holdings. It's more about just building out for 1 full bear run and then not having to again. SPI bought its BTC at under $10k and its ETH for $330, SPI has its stacks built up from the last bear market. If LBI can do the same thing, then next cycle we could be sitting really pretty. LBI is going in with a 2-year head start on SPI in terms of the market cycle so it has potential of others can share the vision.