Brofund & BRO. An in depth explanation. Some Stats and future thoughts. A Transparency Report of Sorts

in LeoFinance12 days ago

Okay guys, I had a long chat with @themarkymark last night and he explained to me that whilst I have all these plans in my head most of you might not be aware of them. It's a flaw of mine that I'm trying to get better at. I shouldn't just expect you guys to know what I am thinking. I'll explain it all out to you as if you had no clue.

stock1863880.jpg

Firstly, @brofund is yours too

I've had numerous conversations with @themarkymark about creating value on hive, and I always thought our strongest point was the value that I store for us. It seems he wasn't aware of this, and I'm now wondering if you guys are aware of this too. Everything the @brofund holds, collects, takes value from, is yours too. If you own a BRO coin then you own a part of the @brofund.

What do I mean by this?

Well, let's hypothetically assume that I get tired and I want to retire. My son doesn't want to take this over, and neither does any of my other admins. Then we close down operations, right? Your first thought is that the coin will hit the floor and you'll need to exit quickly to get the value that you bought.

Wrong.

The Brofund is set up in a way that when the time comes to shut up shop then we will be dividing up our assets in a way that benefits everyone that holds one of our tokens. Think of it this way. If you own 0.001% of BRO, then you will get a 0.001% share of what we divide up in our assets.

I would divide the assets up like such, BRO founders / BRO owners - with at the very least 50% of the fund going to BRO owners. This may not seem like a huge amount right now, but trust me, in 5-10 years it's going to be massive.

This has always been my plan because it is a way to hold up the price without having to be accountable to speculation.

Perhaps this is why I've always had to battle discussions in my Discord that ROI isn't just based on dividends, but coin worth too.

What if I die?

All of my Admins have the keys to the brofund account.

If I die then things will continue as normal, and, if whoever has the keys acts against the best interests of the community I have a sleeper agent that will lock out said Admins until a mutually beneficial agreement has been reached.

My goal has always been for the community. I have tried my best to make sure this happens.

What does our current assets sit at?

Okay, so let's calculate this then:

Total Hive/Hive engine assets: $114,607 which is 276,802 Hive.
Splinterlands assets: $10,000 which is 24,152 Hive
Other places (off Hive): $7,000 which is 16,906 Hive

Total: $131,607 which is 317,861 Hive.

That gives us a coin price of $1.90 and a Hive price of 4.60 Hive (actual)

This is relatively lower than it usually is, however we have seen Leo lose almost 80% of its value in recent months, which was a significant portion of our holdings.

I am working on this though, and have positioned myself in a few high yield BNB projects for recurring payouts. We are still growing, regardless of what it may look like.

Future?

Currently I am looking at external growth. A way to pull in fresh money to hive. I have already secured at least $150 per day growth from BNB and Matic projects; I am now looking into mainstream. It may seem like I am quiet but I am constantly searching and looking for new opportunities.

Dividends are low right now, I know. I am working on this. Stay tuned. There are also several things I am working on building that will pilot in the near future:

  • Dlux community coin for the Bro's
  • @taskmanager and myself are looking into Klye's smart chain
  • DreamR I feel is finally on the Horizon (this one will be big, trust me)

And that's all for now. I have been asked to release these reports monthly, so I will be taking that time do so. Guess I'll have to set myself a reminder.

Posted Using LeoFinance Beta

Sort:  

Everything the @brofund holds, collects, takes value from, is yours too. If you own a BRO coin then you own a part of the @brofund.

Ray bro, with the utmost respect and appreciation for the project, we don't actually own anything unless you decentralize and create a DAO utilizing smart contracts, which I would totally suggest you look into. Until you remit control of the wallets holding the assets these assets are owned by you and only you.

Posted Using LeoFinance Beta

Yup. This is realistically what it is. All I was saying is that once the project ends then the wealth will be divided up amongst owners/holders, and I guess, for now, you'll have to take my word for that.

I've been looking into a solution for this for months now. I'm waiting to see what Leo does with their governance et al, and if it looks good then I will look at following suit. The main reason being is that I do not want to be holding the owner's chair when the powers that be decide to fine tooth comb hive. It's not only me that is at risk then, but all of your hard earned money that you decided to invest.

Trust in me, that this is at the forefront of my mind :)

The reason I made this post is because many people still see BRO as a dividends token, when in reality we have wealth backing up our price.

Posted Using LeoFinance Beta

I absolutely do trust you! the beauty of some of this tech is I shouldn't have to. If you could find a way to smart contract it up that would bring BRO to an entirely new level 🔥

Posted Using LeoFinance Beta

You're a genius mate and I'm glad to know you.
Thanks for your support and for helping me in my hour if need... Times are hard for my little family but I'm now concentrating on not buying anymore #shitcoins.
Seriously appreciate your support Ray.
DC 🙏

Not really complicated in my view. It was modeled after @spinvest, at least to some degree. This means it is an asset backed fund. All the assets sitting in the account back the token which represents the holders of the funds piece of the total.

That is why asset accumulation is vital. Not only can it help generate a great stream of income for dividends, it helps to support the value of the token. Of course, the price on the market could vary and that is where people need to sense out opportunity.

Posted Using LeoFinance Beta

I have nestled myself into a few really good earners this pump. We'll see what kind of wealth that brings to the fund in the coming year! I'm really hoping we can see some 6 figured hive power during the bear.

Posted Using LeoFinance Beta

DO I have a BRO coin? Wait a minute, let me check my wallet

Oh no! I don't

But I will have to earn it somehow, and it is rather sad your post did not tell us how we can earn it if we do not have enough funds to purchase the coin in the market

I am sure you have also thought of this just as you did with the rest of the details that you have explained

I have another question though, what did you mean when you said, you will divide the dividend between the owners as well?

Does that mean if you decide to shut down the project, you will sell out everything, and then give us an equivalent of our stakes?

I know I am asking terrible questions, but I hope that you will understand them vividly well, and throw more light on it for me

Thank you


Posted via proofofbrain.io

You can earn it by delegating tokens to @brofi. Please check here: https://www.brofi.cc/ for more info.

No. It means I will divide out all assets. That way you can decide what to keep and what not to.

Posted Using LeoFinance Beta

You can earn it by delegating tokens to @brofi. Please check here: https://www.brofi.cc/ for more info.

Oh, I have gone through the link, and I understand that I can delegate hive tokens in exchange for BRO token as dividened. That sounds like a great investment. I will have to look into it.

No. It means I will divide out all assets. That way you can decide what to keep and what not to.

I understand this too. Thank you for taking the time to explain


Posted via proofofbrain.io

No problemo :)

Posted Using LeoFinance Beta

Thanks for explaining it all so well, Ray. Voted on behalf of the Neoxian city paper team.

Posted via neoxian.city | The City of Neoxian

Thank you Sayee :)

Posted Using LeoFinance Beta

DreamR? What is that? :)

Posted Using LeoFinance Beta

Wait for announcement :)

Posted Using LeoFinance Beta

Totally forgot about dreamr.
That is a name I haven't heard in a while.

Hope to see it coming together soon.

Posted Using LeoFinance Beta

Hopefully! We'll see. I know they had a lot of teething problems.

Posted Using LeoFinance Beta

Many thanks for this update Ray 👍 Updates are very important to give clarity, and also helps to build more confidence in the project from investors. IMO !

Who is Klye ? and what is the chain about ? Think I missed this... 🤔

!PIZZA

!LUV


Posted via proofofbrain.io

Connect

Trade


@brofund! I sent you a slice of $PIZZA on behalf of @andy4475.

Learn more about $PIZZA Token at hive.pizza

Klye is making a Hive smart chain. It should operate like Eth & BNB chains (I think) but don't quote me on that :)

Posted Using LeoFinance Beta

Okay Ray, interesting , I will try keep an eye on this... 👁

@andy4475, you were given LUV from @trading-tokens. Info: https://peakd.com/@luvshares or check wallet: https://hive-engine.com

Klye's smart chain

Is there any news on this front? I think he has been busy with HIVE loans so I don't think there has been any development here.

Posted Using LeoFinance Beta

I am as aware as you are. I keep nudging him though!

Posted Using LeoFinance Beta

Make sure to nudge him and bring out the whip if needed. I am hoping the extra funding he got for offering HL shares gives him enough time to work on HSC.

Posted Using LeoFinance Beta

Nice update post @brofund (Ray)! 👍 I would imagine it was informative and helpful, especially for those who have not been that involved with the Man Cave Project.

"... I have already secured at least $150 per day growth from BNB and Matic projects ..."

In a future post, I would like to hear more about these, especially what you are finding on MATIC worthy of investment (I wonder if LeoFinance will ultimately end up moving the WLEO liquidity pool to MATIC ...).

"DreamR I feel is finally on the Horizon (this one will be big, trust me)"

Hmmm. Okay, but if there is one other bit of encouragement I would provide to you, please keep us better informed on progress. I clearly remember DreamR being "big" last October (or there abouts ...), with the implication its release was imminent. And then? Nothing ... For months ...

"The good, the bad, and the ugly ..."

The title from one of my favorite Clint Eastwood movies. Point? Human nature is always to highlight the first and then just "fade out" on the other two, even though they are all part of life. You've always been good at "talking straight," so just keep us informed. About all of it ... 😉

My $0.02, from one of your "Dragons" ... Have a great day (evening)! 🚀🙂

Posted Using LeoFinance Beta

I'm in a few right now. I can write a post, yes. If you check my #early-spots room on discord you'll see everything I've been dipping my wick into.

DreamR I will try, I can only tell you as much as I know. Progress is slow because I know they were stuck with Dev problems last year. They seemed to hit a brick wall.

But right now it all seems to be looking not that bad :)

Posted Using LeoFinance Beta

!PIZZA

Connect

Trade


@brofund! I sent you a slice of $PIZZA on behalf of @honeysaver.

Learn more about $PIZZA Token at hive.pizza

BRO is awesome!

!PIZZA

Posted Using LeoFinance Beta

Connect

Trade


@brofund! I sent you a slice of $PIZZA on behalf of @drunksamurai.

Learn more about $PIZZA Token at hive.pizza

This is good to read, I never really understood bro! Not sure I do but seeing it as a stake in your considerable assets makes sense. Mighty GIFdownsized.gif

Posted Using LeoFinance Beta

Buy BRO get dividends. That's it :)

Posted Using LeoFinance Beta

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 59 of my contest just started...you can now check the winners of the previous week!
!BEER
3


Hey @brofund, here is a little bit of BEER from @pixresteemer for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

Thanks for the update. A monthly report will be a great addition. 😊

Posted Using LeoFinance Beta

I totally understand doing things in your head and then forgetting others have not had the benefit of your thought processes. Most of my family is like this: engineers/programmers/professors...we live a lot of our lives inside our brains and forget some things need to be said out loud or in writing! !BBH

Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

The site HiveStats.io shows the holdings of all Hive Users. This is the BroFund Page:

https://hivestats.io/@brofund