In order to make all LENM capable of producing energy and of powering the settlement, more funds are necessary. We precisely need 1100 BEE tokens to finance the diesel pool and the related reward pool.
We would like to tell you how we plan to get this money together in an organic way. We want this project to be self-sustainable and we don’t want to use money that is allocated for other things to finance this diesel pool. Therefore it is very important for us to actually earn the necessary BEE’s to fund it.
5 income sources to grow our BEE’s
Within the Liotes project, we have built quite a series of income streams for BEE:
Workerbees
We own 223 workerbees that are pooled in the workerbee pool of @ph1102. Every week we get a payout from this pool.
Liotes Hive-engine Witness
Probably you weren't aware of it, Liotes is actually a hive-engine witness! We are at the moment not in the top 20 but we are still generating some BEE's from time to time. If you have some staked workerbees, it would be great if you could cast a vote for Liotes.
Content creation
When we create content, whenever possible we will add the #hive-engine tag so that this content becomes eligible to earn BEE rewards. We do that over our @liotes account and also our @ourpick account.
Content curation
We have staked quite a nice amount of BEE's and are curating posts. Our BEE curation account has close to 400 BEE's and will generate BEE tokens regularly. When we get closer to reaching the necessary amount of BEE’s for the Diesel Pool, we will start to unstake them.
Dieselpool staking
We put the liquid BEE that we earn to work and stake them in a diesel pool that pays BEE tokens as reward. The more BEE’s we will have, the more rewards they will generate.
All this together will help us to collect the necessary funds for this project. In the meantime we all need to be patient :-)
Timeframe
We believe that with the income sources above, we will be able to have the 1100 BEE’s together in the first half of December.
The diesepool that we plan to create will offer quite a lot of opportunities for you. More about that in the next post.
As of today this is the state of the funding:
Image source: www.pixabay.com
Liotes
A project run by @ph1102 and @achim03
It's nice to see a plan and eventually you should get enough BEEs. Is the diesel pool a better choice compared to curating? I am not sure due to the IL you can get there.
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Curating is actually giving a better return but the problem is that unstaking of BEE's is quite long. It takes 40 days to unstake. Therefore we work with LP and staking in parallel.
I didn't even research this. However, it's way better than what we have on Hive. What's the number of installment for unstake?
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It's 4 installements with 10 days in between.
Looking in the direction if BEE is crucial. The returns are decent. I'll be curating Liotes with my BEE stake. I think you already have my hive-engine witness vote.
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Thanks for telling me about BEE curation. It's looking great and I think I also receive staking bonuses.
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That is wonderful thanks a lot! I think that not so many people are curating BEE posts and it can be quite interesting.
BEE looks great presently and I have about 170 tokens stake so far. I hope the returns gets sustainable.
That's a nice sum of staked bees. If you use them to upvotes content that carries the #hive-engine tag, you will make some curation rewards :-)
Maybe you need to feed your WORKERBEEs to get them to work harder. Sounds like a well thought out plan and you are well on your way to reaching your goal. I look forward to the next step in the process.
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We definitely need to make these workerbees work as hard as possible :-). Hope we manage to keep the time line but things look good.
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That is great to hear. I do not have any WorkerBees. The funding is making progresses. Keep up the great work.
The funding is progressing at a steady speed and it might even quicken it's pace :-)
I would really love to know, what the diesel pool is for exactly?
There are quite a lot of reasons why we want to do this Diesel Pool. I will write a post about that soon ;-)
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