Wow, this party started with a BIG bang.
What a first day! Within an hour of the post that the sale had started, 20,000 tokens had been sold. Where we first thought we would be happy if we sold 20,000 tokens in the first week, these words could be recalled after an hour.
Just a few numbers from the first 24 hours!
And if you think it would end here, then I have news for you. It went on and on. In the first 24 hours that LBI could be purchased, 67,500 tokens were sold. And I do think that we can conclude that the project got off to a very successful start. The stake that LBI has after the first 24 hours is therefore immediately worth more than $ 18,500. A great start that will immediately be earning.
Technically speaking, your LBI token has already increased in value slightly at this point. The LBI you bought for 1 LEO yesterday is technically worth 1.0018 LEO at the time of writing. For this we divide the number of LEO staked by @ lbi-token, 67,623, by the number of tokens issued, 67,500. The HIVE wallet is not included in this.
For the people who love statistics, I have some more fun facts about the first 24 hours. Because who are the LBI whales at the moment? Below two pictures.
Token holders richlist over 500 lbi tokens
Token holders richlist under 500 lbi tokens.
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Currently, the issued tokens are divided over 105 different wallets, and one person has already sold his tokens, (hopefully with a profit 😁).
In my opinion, impressive numbers.
Oh, nice to mention. The engagement on lbi's post to announce that the sale had started was high! With 145 comments there is nothing to complain about engagement.
All of this sweet little numbers show that people have high expectations for lbi token, and there is nothing left for us to say that we will do our best to live up to those expectations. Of course, we keep everything transparent, and we are always open to ideas from our token holders.
See you next post!
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At first I was very enthusiastic about LBI. Was planning to bring in some 30000-40000 LEO. Was accumulating them, swapping from ETH on Uniswap
Then I saw the complete rules, and that heavy discriminating section against whales. (Governance)
50% of my entire life was ruined by a socialist regime, in ussr. And seems now I have a chance to return to socialism again...
I'll think twice.
No - TEN times.
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Good that you are doing your own research and making a decision based on that. It is a free and personal choice whether to invest in a project, or not, taking into account what you know about the project. In any case, thank you for the interest shown.
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Do your own research is always advised and very little people actually do it. Im glad you read the terms before you made up your mind.
It's not for everyone, thanks for showing an interest and considering it :)
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Also do consider the opposite case. For user like me who owns 100 Leo, he would have not been able to take part in governance when 2-3 persons hold more than 50% stake in tokens. This overall governance has made equal opportunity for small and large investors to take part.
It shouldn't have to be always that a small should have a major impact, then the assets are mostly representing them not the overall community.
Though whales can always be the leader as small users do follow whales ideas. So in the end it is a win win situation.
Regards.
Nobody is holding you back to buy more LEO or LBIs, that is for sure. Why shall one who has earned more have to pay more in percentage as the ones who earned less? Fair is equal percentage to everyone.
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It is just GOVERNANCE VOTES, IN A NARROW FRAMEWORK...
The "whitepaper" is basically SPI all over again.
REWARDS are totally based on your STAKE. I know from my SPI
Experiences. It worked Very Well!
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Thank you for your comment.
I see that it is SPI reloaded for LEO. That is why I invested in it. I just stated my view on it, with what I like and what I don't, but in the end, investing in it shall be enough of a statement.
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Oh so you did jump in? Nice!
Yeah, there were things about SPI that I "liked less" or would have changed, but in the overall scheme it's an excellent investment and will be for a while! Maybe FOREVER!. LBI should be too. I just fear the traditional markets might tank and hurt crypto overall. But that is a risk for any investment in any category.
Good to have you in there, I just wanted to add a little clarity to what it appeared you were saying. No Worries!
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Yes I did. Money in crypto remains in crypto, even if it tanks. It is money that I don't need at the moment or at least not in the next 10 years, if everything goes well. It needs to grow and I think it will. If it is not converted it will not be a loss. :)
Thanks for stopping by.
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here we aren't talking about rewards. For sure rewards more rewards for those who paid more but governance.
If someone owns 51% of LBI and solely control all its actions that's not also completely fair. That's what LBI didn't encourage.
We are on a proof of stake chain. LBI is a good project, that is why I invested in it and will probably raise my stake to own 1% at least of the final tokens.
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Just as many people had their lives ruined by dictatorship also.
In fact, many equate to power distribution on Hive to exactly that.
what is interesting is that you mention socialism where their is no social ownership, either written or implied, of your equity.
I guess the model could have been set up as one account, one vote.
Would that have been a better model? It actually would have been worse from the perspective you are coming from.
It is not easy to walk the fine line between dictatorship and mob rule.
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My whole idea of LBI is to sit quietly and let it see it grow from sidelines.(Not interested in governance at all.)
But 300 vs 30000 , risk become larger and in reality if you have gone with 40K, you will be having more than 33% stake with negligible governance power.
I think lbi can adopt the Archon(tribe) governance model, where they write a proposal and create 2 comments, one with Yes and other with No. Comment which get more votes (corresponding to the GV power that is directly proportional to the staked Archon/Archon miners) wins.
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Still a weighted voting system based upon holdings.
The only difference is the idea here is to cap the influence of the larger accounts to prevent another situation like we often see on hive which can effectively be a dictatorship.
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Good for sabotaging any project.
Never thought that governance can be so hot topic, How the SPI governance work?
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Set up on the same weighted tiers, a little bit different but pretty much the same. The top tier is capped lower on SPI at 2500 SPI's.
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LOL! SPI tends to sometimes need more engagement. Sometimes HODLers just HODL and give ZERO input.
You have to remember though that lots of SPI tokens were given away in raffles and giveaways (I myself used to give them away to fellow steemitmamas) - they were only worth 1 STEEM, so it was seen much the same as giving away a STEEM BASIC Income share.
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It's the middle ground.
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hmmmm, never thought of Archon. Thanks for the reminder :)
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@silverstackeruk I have some problem that I haven't recieved my last LBI tokens, is it you I should talk to or?
And what if his stake is 51% or large enough that whatever he says is accepted by the system and rest 49% majority just keeps on watching.
49% is not majority. Yes, It is the way that's how all the Corporate governance take place in almost all over the world.(As far I know)
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I guess for majority better model is to have 2/3 of stakes? what are your views?
I feel using the "Hive Witness model" look nice and no self vote allowed.
Let choose 20 representative that look smart ,capable and interested to run the system.
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That's a good idea, seems good to me.
Be quiet, but remember to support the projects!
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People born and raised behind the iron curtain know what socialism can bring. As I had fun when I was little with Ceausescu and the beautiful memories of lacking everything but stress and brainwashing pressure, I'm with you on the communism/socialism aspect.
This governance topic is for me also a very big pain and maybe we will get the chance to revoke it with enough votes :)
Besides this, given the track record of the team, I did a small investment, as it is a passive system with a good return.
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We have seen in block chain reality what happens when one person can control it all, and the voice of the smaller accounts are ignored. If 80% of the people with governance thinks something is bad, but one person's governance vote outweighs all those people, then we have a problem.
@onealfa.leo
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67,500 tokens sold! that's amazing! i guess, we got many believers of Leo, as well as many among us that lost the SPI train (me, included) but won't' miss the next!
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Over 100,000 now.
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NOICE!!!
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We sure do have many believers and thanks to all those believers we all together can and will make this work.
Well you got in this time so fasten your seatbelts for a good ride on this train. Just HODL your tokens.
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SPI is AWESOME, but we caught the Hive Drop and then converted all our dropped tokens into SPI and basically caught a Doubling...
🤞😎👍
Here's hoping for some great luck like that!
We'll have wLEO plus LEO's awesome curation working for us.
It will be Interesting!
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I knew it would be a great launch, it's awesome to see how many people couldn't wait to see this get going.
Congrats!
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Awesome
That is the right word here. It's a great start and great to see the confidence people have here.
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This is the great thing about cryptocurrency, people are able to get involved early on in stuff that isn't normally available to them.
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Well done! lots of action in such a short time!
Thank you. This great start gave us a "December to Remember".
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😂🤣😹
There it is!!
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😏
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So so Congratulations!
Glad to read your good news.
It is nice to be enjoy that LBI value has increased by from 1 to 1.0018 Leo in 24 hours.
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Thank you!
And it is for sure very good news, on such a short time. It is promising for the future, right?
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Nothing like seeing the value of your cryptocurrency holdings going up.
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Congratulations @lbi-token! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @hivebuzz:
Thanks Hivebuzz, nice to see!
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You are welcome @hetty-rowan! It is great to see all that you are doing! Great work!
Off to an amazing start! How long do we have to buy additional tokens directly from you? Has an end-date already been set?
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The community will decide on the number cap.
Hard to tell at this point. We will likely cross 100K but the 250K is probably not feasible.
I am thinking maybe a cap of 150K.
I wonder what the rest of the community would think on that.
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TASK! over 100k in one day, already, wouldn't you think we'd have a similar curve as SPI? Didn't we cap it at several months?? 100K the FIRST DAY will garner some Attention! MAJOR Attention! Earnings will be massive right out of the gate. I am going to propose that we dig out our crystal ball and figure out if it's a good time to go into a major Crypto Now, or maybe LATER. Get that diversity rolling!
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Remember that there is less liquid leo then liquid HIVE
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Great Point!
Good to see ya Metzli
🤩
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We are now over 100,000 LBI with no intention of stopping. This will end up being determined by the holders. When the sales slow down to a snail's pace, discussion will start as to where to cap it.
It won't happen overnight though so people will have some warning.
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Yes off to an amazing start. More than expected.
The token price will not change until New year, we'll issue until we run out of steam and then look into hard cap
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Excellent, thank you!
Awesome stats! Just send some Leo over and bought a small stash! Gonna keep adding more through time though (if there are any left haha)!
Kudos for the consistent updates and the great work!
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Thank you, and congrats on buying for first tokens. There will be enough time for you to add more to your stash.
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That is the way to do it. Add a little here and then when you can.
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Hi, I sent 100 Leo over yesterday, Where do I check to see if I received my LBI?
Here:
https://hive-engine.com/?p=balances&a=ammonite
Sent over. You must have sent your LEO at the exact same time i powered up.
I use power ups to set the mark.
Error corrected, thank you for dropping a comment :)
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@lbi-token have still not revcieved 3 lbi from you. Can someone help me fix that?
Cheers, got that now.
ENGAGEtokens.Thanks
!ENGAGE10
People buying one LBI for 2.15 Hive while one Leo costs under 2.10 Hive 🤔
As I posted in a comment elsewhere, if one views the future of LBI optimistically, that isnt such a strange turn of events.
True it is cheaper directly. However, at some point, there will only be a certain amount available.
The price of leodex might be more expensive now than direct but it will likely be cheaper than on the open market in 3-6 months from now.
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But as long it is available (and I think it will stay available at least this week) buying it directly would still be better/cheaper, no matter what the price will be in a few months.
I see 4 reasons for buying LBI with Hive at the moment:
I think your point was reason 3 and a bit of 4?
I understand the manual process is cave man but i like it. We are 100% sure that each LBI issued is backed by 1 staked LEO. Im every anal about that. The issuing process will last until people stop buying them. Most people bought their bag's yesterday.
Issuing some on leoDEX could be a good way to issue a few thousand as a last push before hard capping, some goes for wLEO. We'll be needing some anyways and could save a little on fees. Save the pennyies and watch them turn into pounds (dollars)
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People are strange creatures 😉
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Yep but bc I sold them I'm happy that I can buy some more lbi xD
We have a saying that means "A good start is equivalent to work half done."
Congrats LBI.
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Thank you ... and that saying is a good one.
We're excited to keep it going.
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Happy to have bought a part of what my target is for the next 12 months. Governance is still a big pain, but let's see how it rolls out. It will be profitable, that is for sure.
Thank you
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Thank you for buying. I hope the profits will satisfy you.
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Great to see the huge interest in LBI. Didn't even know there were so many tokens available. Keep up the good work!
There are a million tokens created, we can always burn, but never create more. Thank you for your interest.
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Thanks for the comment. I was misled by the fact that there were only 50k circulating the first time I checked it on hive-engine. I now see where I should have looked...
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I told you they were going to go like hotcakes! That is awesome news. I am really excited to be participating in this!
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Seems like you were right 😀
Thank you for your interest and good to have you aboard.
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Amazing . I knew it would be more than 20,000 on first day itself but didn't expect more than 50k though . Congrats to you and in turn obviously to all holders.
Thank you, and you're right! Congrats to all the token holders, without holders there would be nothing except an idea.
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100,000 and going...working towards 150,000 now.
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Amazing , I already see that you have started curating :) Nice , so first payment on 5th JAN ? Guess what , that is the day I was born .
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To be honest, we started curating last week a bit. The account had little LP at the time. That changed quickly.
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The beauty of all of this is that we are accomplishing all of this on HIVE despite not having smart contracts. We are strong in what is called Layer 0; the community. I'm honestly out of liquidity to keep up with all these projects going on. I have already put everything I have into crypto. But I never had much. So it is still a small portfolio. I wish you all best of luck!
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Without smart contracts, work arounds are being developed. The challenge is that trust is required which then brings in third party risk.
However, as one said, this is no different from the rest of the world so there is that.
Little by little we are making progress.
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We can even see different solutions being created to work around the lack of smart contracts. There is nothing stopping the creation of decentralized chains on top of HIVE that feature smart contracts. I think @aggroed is already working on this.
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H-E already has smart contracts, the problem is that it is not decentralized.
Blocktrades talked about it too in some of his recent posts.
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50K?
I recall someone projecting that on Day 1.
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The project is in the green already.
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Happy to be part of the ride with a - for now - humble amount of 100 LBI. Excited about the future.
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Oh yes, it is going to be a fun ride, slow to start but it'll pick up speed after some time :)
Thanks for joining us
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My pleasure. Good to be here.
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Just started with a small amount as an additional way to fund the new reward pool we just launched in Rising Star.
Will be topping up regularly as this looks like a great initiative!
Thank you.
SPI has done well from risingstar, actually, it does well every week and very consistent as well.
Thanks for your nice words, we'll see if LBI dips into gaming in few months time
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One hand washes the other.
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It will be an interesting year I think.
Great momentum and nice to see this project lift of. While I staked under 500 LEO as that is what I had liquid, I truly believe in this project and its roadmap. Good luck and clean road ahead!
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Thank you for your nice words and trust. Over the 100K issued in the first 48 hours and ready to go. It will be a nice ride. Enjoy it!
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Wow! This is so amazing to see that a lot of belief have a great belief for Leo tokens.
I wish I can be among those top people with lots of Leo in their wallet but that dreams seem quite impossible now😂🤭
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A dream is never impossible. Keep working your way to get there, never give up and believe in yourself as you work on your goal. You'll get there!
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I will try harder and yes you are right, A dream is never impossible if one believes in it
Cool and rehived :-)
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Thank you!
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Welcome :-)
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I think the amount has nearly doubled again since this post!
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Well over 100k tokens have been issued, which is a great start to this promising project.
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