After Day 1 and where we are at with Legion.
Legion has already began the crowdsale. It's going better than we expected so far in this bleak market so we're exceptionally happy about that!
You've probably got a lot of questions already as to what we're doing and how we intend to move forward, because we can't just release a token and then keep quiet about it. That's for sure.
Right now we're focusing on sustainability. We'll take the sales and invest them wisely. We've already began doing that. Ultimately, the first aim for Legion is to get us fully liquid. This should be a long term hold, but we understand fully that circumstances happen and sometimes people need their tokens back for whatever reason -- that's why we are building a big buy wall. It's small at the moment for what we aim to achieve but it's only day 2 -- wait until day 40! or even 100!
Every month we will up the buy in price. But we'll also update the sell wall also. With all things being well you should be able to sell out of your Legion with profit should you want to. This is going to be great.
Let's go for a little transparency. Here's what we've bought with sales so far:
365 HBD to savings & 729 HP to power up.
We've bought 1847 EDSMM
130 BXT
5.15 Dogs
1377 Drip
And 100 Income
Our pot right now sits at $4,068 which is 11,358 Hive as it stands. Our growth rate as I have calculated out from day 1 earnings is $24 per day, which is roughly 67 Hive per day. Giving us a growth APR of 215%, damn that's not bad! That is similar growth to @brofi!! On not nearly as much crypto.
Just remember: right now, we're not fully backed -- by that I mean I have locked some of our liquidity in lengthy stakes, however all of these projects are by well known owners and have had their projects running for over two years now (and have survived the crash). We have also spread our investments wide to mitigate the risk because well, nothing is certain in this world.
Next Movements?
We'll be chatting with @abrockman about creating us a treasury in emp.money in the next week - if there's something AJ has shown me in the last two years is that he's not only trustworthy and reliable, but he's willing to go that extra mile for his customers. The price might be under peg right now but we see that as a golden opportunity to get in whilst everyone is picking up the pieces.
We'll also be creating an sps pool on tribaldex. Either now or in the future. We've always enjoyed the apr that gives us and we do believe in sps!
Just remember - with Legion we'll be looking at pure liquidity and crypto/defi. We say that because if we go for games then we add all sorts of new factors to our strategy that we would rather not consider. Keeping this one fluid, and simple. Making the work light for ourselves.
@Brofund invests in games though, and we're looking into woo and growing our glx pot!
For the next two months we will be primarily focusing on growth and sustainability. If you don't like waiting then there will be plenty of liquidity to buy you out! Myself, or the Brofund will be happy to part you from your legion :)
We will keep you updated on this regularly.
https://twitter.com/1279548982314905600/status/1597570421083504642
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Very nice update! Excited to read more about the EMP part as well :)
Oh yeah, that'll be an awesome thing when we get that rolling.
good stuff
Thank you :)
What the fuck is dogs
doge but different!
Where can I read more about this?
https://defi.animalfarm.app/dog-pound << dogs are dangerous. You sell dogs and you get a 90% tax dropped on your head. You have to hold them for at least 50 days to get the tax off. It's to stop people taking advantage of the farm.
Basically.. Dogs earn you pigs, pigs earn you busd.
Short term: earn capital on your investment
Long term: earn busd at the same time as building your capital.
Ponzi
I have the same question as Trumpman. What are the dogs?
Answered it up beside trumpman :)
This is a nice info you have shared with us today. Thanks for sharing
Thank you :)
You are welcome friend
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How do I buy? Do I need to send hive or through the market?
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You can buy it here: https://hive-engine.com/trade/LGN
Thank ya! :)
You're welcome!
Sounds awesome! I am glad that I was able to buy in when I did. I might have to try and scrape some more funds together before it goes up in a month.
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Good luck :)
what in the world are dogs?
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I answered trumpman at the top :)
You should make sure you put the symbol (#LGN) in the posts going forward. It took some digging for me to figure it out and I've been on HIVE for 5 years. I realize I'm not the smartest knife on the tree or the sharpest bulb in the drawer but...I couldn't look it up in LeoDex by spelling out Legion. I had to go to the ManCave and see someone use the symbol in the chat.
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