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RE: What is LeoBacked Investments? - @lbi-token

in LeoFinance5 months ago

A couple or 3 things stand out, that should not be "written in stone" yet.

  1. Hard-capped within a YEAR... We voted to hard-cap SPI because token sales had flatlined. I like the fact that 1,000,000 is again the GOAL but if sales are still pretty brisk in that first year, why drop the hardcap below a million? Should be a community voting thing, we'll for sure know more in 6-9 months anyway.
  2. Capping at 250k (see above) and I thought SPI had the "club charter" because that was the cleanest and easiest way to keep everything LEGAL and clutter free.
    Which brings me to...
  3. Sending 10% (or anything) to SPInvest LEO, unless SPI-LEO is also serving LBI. Mixing the 2 clubs might be a no-no, and should also be part of a club charter or not. FWIW.

Other than these relatively minor points, it's Great!

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1/ Hard capped does not mean not available, its already hard capped to 1 million. We could issue 350k token in the first year and cap it 500k. People love something that has a limited supply but like you say, 6-9 months could change the whole game.

2/ We'll see if we can issue 250k first, im down to issue 1 million, hell im down to 5 million. I'd delete this token, create a new LBI token with 5 million mintage and airdrop everyone there new tokens back with 4 million left to issue.

3/ spinvest-leo will not be serving LBI but SPinvest will be the asset holder. What if we hold ETH and it bounces 40% in 1 day, would we have time to do a vote on that to decide if we should sell some are not? When people are needing to cash out and LBI has no liquid funds, a 0% short term loan might come in handy from SPinvest. I think my fund management is worth 10% when I see other project operators taking 20% directly from token sales with nothing to offer. You know me and how anal I am. You've seen how consistent everything flows with content, earnings and doing what I say I can do. I dont BS, make excuses and try to be as transparent as I can. I think that's worth 10% and SPI tokens holders will get the benefit from it, not me.

The 2 projects are separate. SPinvest has 2 tokens, SPI and EDS. LBI is on its own in terms of ownership, think of it like Tesla and SpaceX, 2 different companies, same CEO.

Im seeing people have really high hopes for this but it will not get the HIVE airdrop as SPI did are have the chance to buy BTC at $9k are ETH for $320. With that said, curation earning percentages are twice as much as leasing HP on HIVE so who knows?

FYI, sorry if i sound sharp, just home from work and got soaked on the way home, bad night for a bike, lol.

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3/ spinvest-leo will not be serving LBI but SPinvest will be the asset holder. What if we hold ETH and it bounces 40% in 1 day, would we have time to do a vote on that to decide if we should sell some are not? When people are needing to cash out and LBI has no liquid funds, a 0% short term loan might come in handy from SPinvest. I think my fund management is worth 10% when I see other project operators taking 20% directly from token sales with nothing to offer. You know me and how anal I am. You've seen how consistent everything flows with content, earnings and doing what I say I can do. I dont BS, make excuses and try to be as transparent as I can. I think that's worth 10% and SPI tokens holders will get the benefit from it, not me.

"Admin Fee" is fine, it's not in the original post or I missed it! Sounds Fair! AND the way I read it (in another comment you answered) the 10% comes out of earnings only, Correct?

Im seeing people have really high hopes for this but it will not get the HIVE airdrop as SPI did are have the chance to buy BTC at $9k are ETH for $320. With that said, curation earning percentages are twice as much as leasing HP on HIVE so who knows?

👍 we have the makings of a very well laid plan, so far! I see nothing to dissuade me from jumping in... 🏊‍♂️

FYI, sorry if i sound sharp, just home from work and got soaked on the way home, bad night for a bike, lol.

No worries, I ask bluntly and love direct answers! SAVES TIME! As for the soaking, have a hot-toddy and a blunt, you'll feel reet really soon!

I FOR ONE, can attest that @silverstackerUK is direct, honest, NO BS and gets the job done. I really appreciate his Candor 😎 I'm very pleased with the

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PS: #1 and #2 looks good

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Thank man,

and yep, 10% is from LEO earning only. So wLEO, ETH and everything off platform can compound down.

There's alot i need to share but i feel like I've wrote it all already for SPI so i get confussed and overlook things. lol

Yes, Very Good!
I had a few ppl ask some things about LBI on a post I made, and my default answer is basically "look at SPI for most things" for likely answers.

So this all looks very good, kinda like SPI 2.0 with a better underlying asset. I'm Stoked!

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