What You Can Do To Help The LBI Project

lbi-token (74)in LeoFinance • 3 years ago

LBI is off to a smashing start. The response from the community is overwhelming. It is wonderful to see people band together to make something that will benefit so many a success.

Thus far, we are in the early stages of rollout. For the time being, the project is focusing upon the main elements of the Hive blockchain. This means we are looking at posting, commenting, and upvoting.

At present, we are sitting on more than 175,000 LEO that is staked. This is a tremendous amount in light of the circulating supply that is out there.

Obviously, the first order of business comes from the purchase of the tokens. As more LBI is distributed, we see the LP of the LBI-token account growing. Thus, it is up to each of us to keep growing our holdings as best we can. This helps not only the LBI project but the entire Leo ecosystem.

The reason for this is because the intention with this LP is to never have it see the light of day. It is locked up, hopefully, permanently. Obviously, the community can decide differently in the future but the goal is to have a consistent stream of income due to curation for years to come. This is a foundation of how more LEO is earned.

Curation is also helpful to the platform. All upvotes out of this account are manually based. There are no autovoters used to give certain people votes as soon as they post.

Many LBI members are already receiving upvotes for their contributions on Leofinance. Not only are posts upvoted but also comments. Thus, those who take the time to leave worthwhile comments, especially on the LBI posts, will likely receive upvotes.

Upvoting is the prime method employed at this time. As stated, we are at the basics of Hive. Each time the account upvotes, half the vote value comes to LBI as curation payout. The other half, naturally, goes to the person who made the post or comment. Hopefully, when that pays out in LEO, the individual will reinvest in more LBI.

There is another piece to the upvoting as it pertains to LBI. A great way for all LBI token holders to help the project is to upvote all the content from the LBI account. Those who are posting are ensuring that quality content is being put up. This makes the posts worthy of upvotes as opposed to just some trashy posts.

However, this goes deeper than just that. There are now more than 150 wallets holding LBI. This means that a single upvote affects the financial situation of more than 150 people who are holding these tokens. Any LEO that ends up in the LBI-token wallet is backing the tokens held in each of those wallets.

In other words, a single upvote is going, at least in some part, to more than 150 people, in proportion to the LBI they hold.

Naturally, this is not a huge amount in most instances but it all adds up. Growth is attained through consistent payouts, even if they are .001 LEO at a time.

The final way that the community can help out is by reblogging the LBI posts. This is a fine way to introduce the project to other eyes. Perhaps even sending it out on Twitter could be of help also.

According to the last LBI earning report, the value of the LBI token was 1.0022. We will see what the next report looks like when it comes out in a few days but that is a fantastic start. Each LBI is now worth .0022 more than it was purchased for.

That is not bad for a little more than a week in operation.

The idea behind the forerunner to LBI, @spinvest, was to "get rich slowly". We are seeing the same premise applied to LBI. The goal is to produce outsized returns over time through the participation and efforts of the entire LBI community.

If we can follow some of the basics that exist, it will really help to see the entire project grow. More opportunities for involved will unfold as we proceed forward.

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