Last week, we posted some ideas about how each of us can help the LBI project going forward. The post dealt mainly with the idea that we can upvote the content, reblog it, and comment in ways that help others to see what LBI is all about.
The response was terrific and we are starting to see the LEO roll in from our efforts. That is a wonderful thing since this helps the LBI token holders as well as Leofinance in general.
Again, the goal is to have LEO being a one-way street with LBI: it goes in but it does not come out. This will help to reduce the effective circulating supply while providing a return to all token holders.
Today, we need to approach another aspect of the operation: Hive.
Delegate HP To LBI-Token
It is time for all of us to delegate Hive Power to the LBI-token account.
At present, there is 365 HIVE that the account owns. This has come mostly from the posting that was done. Now, we want to increase this faucet for the LBI community.
All HP is delegated to Leo.voter. This nets us some LEO on a daily basis, helping to grow the holdings there. At present, we are earning about .07 LEO per day. This is not going to get us very far.
Increasing the amount that is delegated to @lbi-token will grow the amount of HIVE that is received from the reward pool on a daily basis. This is powered up and will end up finding its way over to leo-voter. Here again, we see the circular nature of things which ends up helping Leofinance in addition to LBI.
By layering, we find that we can increase the overall growth of the total entity.
At the same time, there is a benefit to the content creators. LBI is manually curating on a daily basis. This means that upvotes are paid out to those who are receiving the votes. For the moment, there is almost no value in HIVE given to the post or comment creators. Delegating HP to the LBI account would change that.
Hence, we will look to better distribute not only LEO, but HIVE. This will hopefully enhance the returns for the active members of LEO, providing them with more resources to further deeper with both LEO and LBI.
One important variable in this is to get the delegation high enough that it tops the dust level on Hive. Since so many of the votes are given to comments, we need to exceed that threshold. Having a vote that is work .001 is not going to payout due to the reward curve.
It is vital to note that everything that comes into LBI is used to back the value of each LBI token. Thus, the greater the growth rate of all the assets, the more value your tokens will have.
HIVE is near an all time low in price. Naturally, adding to the amount that is held will see exponential growth if the price of HIVE takes off like many of us expect in 2021. This will also help to increase the value of each LBI token.
Leo Airdop
This brings us to the question about the airdrop that Leofinance teased people with yesterday.
Since we do not have the details of what is taking place, we cannot comment specifically. What we can clarify is how this works and what people actually are holding.
When people send their LEO over to the LBI account, they are swapping the LEO for LBI. This is obvious yet it appears to eclipse some people. Thus, one is no longer holding LEO but, rather, LBI.
The reason this is brought up is because a few seem to think that LBI is akin to an exchange where their LEO is being held. This is not the case. LEO simply was the token that was accepted as payment for LBI. The project could have just as easily used HIVE as the payment method yet the decision was made to structure the project around LEO.
So what about the airdrop?
Basically, the airdrop is like any other token flow into LBI. It becomes part of the overall asset base that each token holder has a piece of. If this token is a Proof-of-Brain token, then LBI will stake the token and use it for curation to grow the holdings. Essentially, this is potentially offering LBI another revenue stream to grow the overall project.
Of course, all of this is open to the community. We might find that what is being dropped is not a Proof-of-Brain token which could require other decisions by the community members.
For now, we will just have to wait until we get clarification from the Leofinance team.
However, the benefit of this move to LBI is the fact that it should increase the value of the LBI token immediately. Whatever the number that is dropped and the value it carries, that is all figured into the overall holdings of LBI. Then we will try to leverage that for better returns.
In other words, the annual growth rate of LBI should see a jump due to this drop. It is another way that we will see outsized returns from this project.
Let us know your thoughts and ideas in the comment section.
This post was done by @taskmaster4450le
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The airdrop is all the buzz today.. LBI should definitely see a increase in value.. almost like a 3rd level token
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If it is PoB, it will add another revenue stream to add to the value of LBI. As you said, we will get the initial bump with whatever the token value is when dropped (which can fluctuate) and then help to grow the holding.
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Tokens upon tokens upon tokens.
It is a great feeling.
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Just delegated 500 HP. Hope it helps making LBI grow fast!
I sent over 5K myself.
I think this will be a nice way to get some HP flowing into LBI, then sending that over to leovoter to earn more LEO on a daily basis.
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It is greatly appreciated.
Thank you.
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I'm sorry to be that blunt, but we're all here for the money, aren't we. Delegating to @leo.voter gives you the return of ~16%. HP delegation gives you 0% of direct return (apart from hive inflation and share of curation rewards(?)). Of course there's going to be indirect return of such delegation of increasing LBI token value and dividends.
Is this beneficial enough to delegate? I humbly disagree with that.
I think it would be better to let @lbi-token hold some of HP earned and not to send everything to @leo.voter
We may agree that from now on 50% of HP income should be delegated or agree that LBI should accumulate, let's say, 1k HP for now and the excess will be delegated as earlier (I bear in mind current delegations that @lbi-token already has received).
Depending 100% on delegations may be risky - there's a scenario when big delegators drop the project creating issues. So it's a matter of diversification and making the project more stable thus more likely to succeed.
I know, the LBI is focused on Leo and Hive is experiencing All Time Lows, but we're all here for long term also. It would be nice to have some second leg supporting the project with Hive Power.
This may also provide useful in a scenario where the Hive rates go significantly go up - if @lbi-token holds some hive it may use this situation.
@silverstackeruk
In a few hours I will delegate 1k HP from an alt account so that we have over the dust threshold.
One important aspect, that people tend no to speak about is that the holders shall actively fully vote the LBI official posts. I know, I know, people don't like to speak openly about it, but I rather vote something that is a project where I'm involved with than a random Joe that will probably cash everything out and disappear within an year.
Now with the air drop, things have to be checked to see how this can be leveraged as the guys from leofinance have a very good track record in delivering things so this might be a very nice surprise with a lot new opportunities.
This air drop and how to continue with the payouts from January, like paying out or still stacking up, shall be the first on the list on the governance discussion.
Thanks for the update.
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That is the basis of the post I did last week.
Yes we should support the LBI post since they are being done for the benefit of the entire community. Every effectively shares in the author payout on each post.
Adopting the mindset that everything that goes into LBI is partially owned by every token is crucial.
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Even if I'm not a big JFK fan, his saying Ask not what your country can do for you, but what you can do for your country. can be applied also in here.
From the post of last week, I had another understanding, my bad, as it well describes how curation from the LBI account benefits all and I have missed the vice-versa.
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Leo airdrop looks exciting
!tan
I will dig deep and delegate some HP to @lbi-token. As I have invested in LEO and LBI recently my HP is down some what. This will help the cause though so HP will be found. :)
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I'm super pumped for the coming airdrop, the timing couldn't have been better honestly. With @lbi-token as one of the biggest LEO holders, this is going to increase the value of the coin immensely!
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That is our thinking. Whatever is dropped is found money and the community will benefit regardless of what the token is for.
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I totally understand what you are saying about the new airdrop token. I to saw some other posts where people were guessing that LBI would somehow distribute those airdropped tokens back to the users. I think it makes more sense to do what you are already planning. Stake the tokens and use that as another revenue stream to benefit the LBI holders. I appreciate your transparency about this and your efforts to avoid confusion with users in the future who might have misconceptions.
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That will be the plan if it is Proof of Brain. Since nobody is sure what the token is, we have to maintain some flexibility.
PoB means will be looking for someone to help with curation to provide additional token flow, increasing the return we enjoy.
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Sounds like a plan!
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Help this project is on my list, @lbi-token.
Such a nice work your team are doing.
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I have some HP left to delegate. Let me delegate that to LBI then.
I'm a supporter of the project, so I've just delegated 500 HP and am planning to increase the amount on the grow, as I earn more Hive. The account can't function without HP and who else to help is not us, right?
I'm curious to see what kind of airdrop Leo is planning (although I have a strong feeling about what it is) and anxious to see how LBI is going to use it to benefit us :)
@taskmaster4450le thanks for clarifying things and share it with the community :)
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You are welcome.
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Well, from the promised 1000 HP, I've made 1500 HP.
Hope this helps!
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It all helps. Task sent over 5000 so it is adding up.
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He is a monster in here, of course in a good way! :)
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Just doing my part.
I have the time and the inclination so lets grow this thing.
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You are doing it right! Thanks for the motivation and the good hints behind them.
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ahh i was wondering what will happen with the airdrop. we also need to wait and see after the announcement but you have me covered!
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Each Saturday there is the weekly report put up that tells you how we are doing.
It is kind of our report card.
Check back each week to see how we have you covered. The goal is to do it in a big way.
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i meant to delegate a while ago then forgot - i set it for 400HP (that's half what i got - i think my votes will still be worth a pretty penny LOL)
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Appreciate it greatly. Thank you.
Those pennies add up. We want to get them into the hands of LBI holders.
Upvoting comments is something we do regularly and it would be great to get the VP high enough that a comment upvote gets both HIVE and LEO.
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A great post as usual. I delegated half of my HP to leo.voter but I'm thinking of powering up some more to delegate to LBI as well.
Thanks for your efforts ^^
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If we can get a nice HP stake going, it will help to get a bigger stream of LEO coming from the Leovoter pool.
Plus if the price of Hive takes off, the value of LBI will benefit.
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We appreciate that. Thank you.
Our focus is to try and think of ways to help the holdings of LBI to grow, benefitting each token that anyone holds.
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It really seems like LBI will be the Goose that lays the golden eggs, I'm very excited to see where all this is going. I don't have any spare Hive to Delegate but as I grow this account I will try sending some in this direction.
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We are setting the intention to keep growing the value of each token on a weekly basis. For now, we are confined in what we can do so we just make the best of it.
The HP delegation could help speed things up a touch by getting more HP coming into the account, which can be sent to leovoter and earn us more LEO.
It is all building in the ways presented to us.
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Awesome to hear about delegating Hive to to lbi, once some of my delegations come back, I'll be delegating a few k over to you so can hopefully get the comment votes above that silly dust level of $0.025 or whatever it is.
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That is so true. We want to top that level as quickly as we can. It might not be much but it would be great to reward those who comment with a smidgeon of HIVE.
It is an afterthought for most but it will add up over time and if we can get our token holders and supporters a few extra HIVE a month, why not?
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You can work out what your vote value would be at https://hivetasks.com/@lbi-token and how many votes you will be able to give out at x amount with the "simluate HP" button on the first page
Yeah it all adds up and feeds in to the long term pot, with the 4th year market cycle coming up in 2021 too, would be a nice bonus for many I'm sure (fingers crossed I've not given it the kiss of death now haha)!
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at the moment I have delegated 15k to @ leo.voter and I have about 6k to manage my account smoothly with a little voting power.
As soon as possible, I will send some of my HP. It's always nice to support projects that help our community.
I hope other users can delegate HP
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It also doesnt hurt that it helps ourselves with the tokens we are holding.
Self-serving altruism as they say. 😁
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yes, we should all help in the interest of the community but also of ourselves 😊
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Great ! thank you for the update.
Regarding the Hive delegation to lbi-token please correct me if I understand this wrongly.
Current delegation to leo.voter is returning around 15% APR paid daily, if instead we delegate to lbi-token we can expect this interest to be part of lbi appreciation but there won't be any daily payment done right ?
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Actually, if you look at it @hykss, and follow it all the way through, it works like this.
The HP delegated to LBI is used to curate. That provided HP to the LBI account which is then sent to the Leo-voter account to earn the 16% APR.
Thus, delegating HP to LBI ends up paying in multiple ways.
It is layered so it pays out in multiple ways.
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Very clear that delegating to lbi-token will add this layer of curation’s benefits from lbi before to enjoy it from Leo.voter.
Thank you for taking the time to come back on this comment !
Should this explanation be part of the main post ? ;)
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Correct. Leo-voter is offering a direct payout for HP.
With LBI, it is a matter of trying to grow the community's holdings while also rewarding the people that are curated by the lbi account.
Ultimately, it seeks to grow the entirety of it all and pull more towards the LEO/LBI community.
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Understood and that makes sense to me.
Thank you for clarifying.
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Great to see some explanations and expanding the tokens from within the fund whether with LEO, HIVE or the new airdrop will benefit us all as investors. A great fund building for the future and one way for somebody to ensure a new channel of passive income.
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That is certainly out view. Depending upon what the token structure is and what it pertains to, it could be something amazing.
If it is another Proof-of-Brain token, LBI will set something up to curate that and get a nice return there also.
The idea is to just keep building.
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The model that SPInvest provided is working out equally as well with LBI. The airdrop is gravy that will help to kickstart the value of the project.
It seems we are between 80-90 LEO per day being paid out in curation. This is only likely to grow.
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I agree fully with your logic and will get some Hive delegated to LBI. I think it will only benefit everyone that receives support from this awesome project and earning Hive and Leo via votes is only making this deal sweeter knowing LBI is growing behind the scenes.
At the end of the day, that is what LBI is about, benefiting all members of the community.
The idea of growing the total pie of which people have varying amounts of stake is the key. Growth is what is required and the focus.
People delegating HP to grow the curation rewards, which will be used to grow the LEO rewards, helps all of us.
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Delegated 1000 for now and will relook at it over the weekend as I feel a bit stingy so there will be more following. Good cause and we all benefit so the more the merrier.
I will delegate some HP soon.
Thanks for airdrop news, too busy to read those stuff. Now looking for some more details. Thanks
It was a tweet that Leofinance put out. Nothing but stating there will be an airdrop.
No other details provided.
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Thanks.
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STOPDo not miss the last post from @hivebuzz:
To be clear, then basically the initial sale of LBI is for LEO but it does not mean that you literally change it for a leo representation, if not rather in proportion% of the total pool of LBI assets you will own a piece, no ?
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For this part i've been planning for delegate my HP to @lbi-token i know this time my delegating means nothing because off amount but i will increase bit by bit to delegate some HP for supporting LBI 😊
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Hey guys! :)
I’ve all my HP delegated to leo.voter too. As a LBI token hodler, I would like to help and put all my confidence on you, because I think you are doing a great job and this is a win-win situation I will delegate 50% of my HP gains to you from now. Also, I will be purchasing more LBI in the next weeks.
Happy new year :D
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I have only one question @taskmaster4450le .
How the LBI will be issued after LEO airdrop?
1:1 issuing of LBI for LEO need to be stopped afterwards in my opinion.
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Thank you for that. We appreciate it. Every little bit helps.
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