Liotes News – 25K Hive Power in the Liotes Fund

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(Edited)

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This week we have reached a new milestone in this project. The Liotes Fund has now more than 25'000 Hive Power. Whenever we sell LENM tokens, 100% of the proceeds go into the Liotes fund and are powered up. This Hive Power is then delegated to other projects that pay dividends on delegations. It's with these dividends that we actually work.

The more Hive Power in the fund, the more money we actually have to invest. The great thing is that since 25% of the daily dividends go back into the funds, it actually grows without the sale of any new LENM tokens!

We have also updated the Liotes ranking today. We have no new wind maker but we might soon have our first Sirocco Bender...


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Liotes

A project run by @ph1102 and @achim03

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34 comments
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Very nice 25k is a sizeable amount to build and grow from.

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(Edited)

It's definitely a nice amount of hive that is now working for the project. At 14% interests, this makes about 3'500 HIVE income per year without interests of interests...

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That’s an impressive milestone. Especially considering this project is less then a year old. Keep up the good work. !LUV

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We managed to get so far only thanks to the amazing people supporting us ;-)

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25k Hive Power is an amazing growth. Kudos to the team for this awesome build.

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Thank you and thanks for your support!

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Congratulations on get the fund to 25,000 HP. That is great to hear. Take care.

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Congrats on 25k! That's a very nice number.

So you say that "25% go back into the funds". What happens with the other 75%? I guess I'm asking how that benefits us as community members? We get LEN with our miners but we don't receive any other dividends, correct?

I'm just trying to understand the tokenomics. If you grow the fund to say...100,000HP, how will we as LEN hodlers benefit?

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The tokenomics are as follows. The fund generates a return through delegation. This is the income of the project. 25% of this income goes back into the fund and allows it to grow organically without the sales of further LENM. 50% of it are used to invest in different projects like LEO, WORKERBEES, CTP, CUB, etc... After initial funding these vehicles grow by themselves and they pay 10% of their revenue back into the fund and contribute to its growth.
The remaining 25% is used to buy back LEN tokens on the market and burn them.

This "burn fund" is financing the market and giving value to your LEN tokens. The bigger the liotes fund, the more will go into this burn fund and the more valuable every single LEN token will become.

Here a graphical illustration from our whitepaper

image.png

I hope I could explain it in an understandable manner. Otherwise feel free to ask :-)

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Okay, I get it. That looks pretty good actually. So I think what you need to do is probably start putting out a post like LBI does laying out the underlying value of the LEN token.

Maybe quarterly rather than weekly like they do. Personally, it looks to me like this could be an EXTREMELY undervalued project at these levels but without the numbers, it's hard to tell.

Anyway, keep up the great work! My miners continue to earn me LEN so if people don't discover what's going on for a while, that's fine with me. :-)

One last question...so 80% of the different income streams is reinvested back into those (or new) income streams. 10% goes back into the fund and 10% goes to you guys. What happens if you grow this thing to like $1M? Do our LEN tokens "own" any of the underlying dollars that are in the fund?

In other words, if you decided to cash everything out, would you guys get 10% and then the other 90% would be distributed to LEN token holders?

Like I said, I'm just trying to wrap my brain around what my LEN tokens are worth.

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One last question...so 80% of the different income streams is reinvested back into those (or new) income streams. 10% goes back into the fund and 10% goes to you guys. What happens if you grow this thing to like $1M? Do our LEN tokens "own" any of the underlying dollars that are in the fund?

Our main objective is to provide maximal value for LENM holders. Whatever is on the accounts of the project, belongs to the project. The idea is that these secondary income sources aliment the fund in a growing manner. If one day, there was a need to cash all out, everything would go back into the liotes fund. We would then buy back the LENM with the money that is in the fund. Like that all LENM holders would profit equally from the added value that the project has managed to generate.

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Got it. Thank you for the explanation. Like I said, it seems like you're growing things very well. I was just unsure as to how that translated to the HODLers of LENM and LEN. This answers that question. Keep up the great work! Looks like I'll have to try and add some more miners... :-)

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2 bonus credits added for interacting with our posts!

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Wow! Loving that Hive power.
!BEER !PIZZA !LUV

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