Taking a look at our wallets - Part 1 : LEO

lbi-token in #lbi • 20 days ago

As we approach twelve months since re-launching the LBI project, it is probably a good time to check through our wallets and review our progress so far. It's been an interesting year, and the first wallet section we will review did not exist as part of the re-launch, but was formed more recently to hold all our LEO assets.

So, here is what our LEO wallet looks like today:

The first thing to note is that we actually have these assets in two separate wallets here on HIVE, plus some in an off-chain wallet (the arb.leo amount).

LEO Stake

Our main @lbi-leo wallet is the home for our LEO stake position on HIVE. It currently holds a little over 200,000 LEO, most of which LBI has owned for numerous years, since the initial launch of LBI back in the day. The plan for this has not been changed since the announcement of LEO 2.0. We will continue to hold this 200,000 LEO, staked here on HIVE, for now anyway. I have started a small power down of the excess over 200K, which is moving to liquid funds to go eventually to be staked on Arbitrum when that option becomes available.

Our 200K will help us maintain a solid sized share for the new SIRP reward pool, via curation. With vastly improved tokenomics, I think the LEO token will perform well, which becomes a catalyst for the growth of the INLEO platform, driving the price higher and feeding more growth. Our 200,000 represents 0.666% of the total LEO supply, but I think once the use and benefits of ARB staked LEO become apparent, we should have a good cut of the on-HIVE staked LEO.

Liquid LEO

Currently, we have a little over 50,000 LEO sitting liquid in the @lbi-storage wallet. Most of this came from a settlement payout from an old debt relating to the bHBD issue from the past. This is waiting to be moved over to Arbitrum and staked there. My goal is to build up the ARB stake of LEO we will have to at least 100,000 over time. This would give us a combined 300,000 LEO between HIVE and Arbitrum, and control of 1% of the entire LEO supply.

Of course more would be nice, and 200K on HIVE and 200K on ARB would be a nice long term goal. But to begin with 200K on HIVE and 100K on ARB is what I'm working towards.

HIVE Power.

Of course to survive on HIVE you need some HP. This is not really a high priority position for this wallet, but more would always be nice. May re-start a delegation to @leo.voter at some stage, but still witnessing reliability issues with it. Not a big deal for this wallet, but the HP balance will slowly grow over time.

LEOM

We do own a few checky LEO Miners, which do still have a place in the LEO 2.0 tokenomics. Passive income is my absolute favorite income, and these miner tokens fit the bill for that. I'd love to be able to work out what APR they are generating, but that is not possible unless I made a whole new wallet and that was the only thing in it. Buying more here, with a big listing on the market at 0.5 HIVE each, I think they are an underrated holding. Want more.

ARB.LEO

The last listing for our LEO wallet is a small amount of ARB.LEO. This is funds I have already bridged over to Arbitrum with the intention of having a little play on LEODEX and testing it all out. The bridge worked fine, but the ARB chain has been offline for MAYA for an eternity now which has been annoying. For ARB.LEO to work and be the primary version of LEO, the MAYA needs to fix whatever it's Arbitrum issue is.

Thought's on LEO 2.0

First thoughts are that switching off inflation and capping LEO at 30 million is an excellent improvement to LEO tokenomics. The new plan is a big improvement on paper, and with @khaleelkazi targeting a Billion $ market cap that has some big implications for LBI. Let's think about this for a bit:

$1Billion mcap for LEO means $33.33 per LEO.
Say we get to 300K LEO by then.
That means our LEO holdings are worth $9,999,000 (let's just call it $10 million.
$10 mill divided by 195000 LBI tokens = $51.282 per LBI

How much would your LBI holdings be worth if each LBI is valued at $51.28 each?

Let's not get ahead of ourselves here. For this to all happen, a lot needs to work much better than it currently does for LEO. Here are some area's that I think need improvement before the market trust will be there for that kind of marketcap.

Existing stuff needs to work. @leo.voter has been an issue for ages, it needs to work flawlessly. The front end needs to work, Premiums need to work, more site revenue (wen ads?) and in general things need to work.
Same for LEODEX - it needs to work.
Adoption - The LEO economy will never hit that kind of mcap without a massive influx of new users - real users not inflated user numbers.
LEODEX adoption (won't happen if the LEO token isn't even tradable on LEODEX due to a months long chain halt)

Shit just needs to work properly.

But imagine one day that all this does start to work properly, and LBI does hit that kind of valuation - where are we holding the $10 mill LBI fund party?

Anyway, I'll leave it there for this rambling sort of post - gotta go to the fiat job, so I'll check back in later on replies.

Cheers for now,

JK.

Posted Using INLEO

#inleo #leo20 #bro #pimp #archon #neoxian #bbh #cent #tribes

20 days ago in #lbi by lbi-token

0.00 BPC

Sort:

Trending

[-]

bozz 19 days ago

Yeah, those seem like some pipe dreams at this point to me. I wouldn't be sad if they actually came to fruition, but I am also not going to hold my breath. Explain this LEO SIRP to me like I am a third grader... I haven't heard about it until now.

0.00 BPC

1 vote

[-]

lbi-token 19 days ago

OK, SIRP (System Income Rewards Pool - I think) as I understand it.

Basically, most of HIVE works as content and curation being the process to allocate new token inflation into various wallets. LEO has had inflation switched of, no new LEO get minted anymore. So, where does content and curation rewards come from now?

Basically, all the revenue that the Inleo website generates. Premium payments, beneficiaries on posts, Ad's (maybe one day...) and whatever other revenue comes from inleo.io. All of that get's used to buy LEO tokens off the market (out of the pool). Those tokens, bought with income, then get paid out as post and curation rewards.

Basically, it replaces inflation as the source of LEO rewards with generated income instead.

0.00 BPC

1 vote

[-]

bozz 19 days ago

Ah okay, that makes sense. So if it works right number should go up... :)

0.00 BPC

[-]

lbi-token 19 days ago

0.00 BPC

1 vote

[-]

leo.voter 20 days ago

Same for LEODEX - it needs to work.

Tag khal if there is anything specific you mean by this as we have a current bug list of 0. Things have been working great there (honestly a fresh breath of air with clean docs and well built tech/APIs)

Also search LEO on LeoDex and you’ll find bLEO and pLEO are there. This week, we’re adding cross-chain bridging which will allow bLEO <> LEO (Arbitrum) without the need to go through hive. And it will do it all seamlessly on LeoDex.

So LEO trading will be all normalized with this and then arb hopefully getting reactivated by Maya soon. We’ve encouraged lions to ping them to push and show encouragement to get arb trading back.

Thanks for the feedback and nice write up 🦁

0.00 BPC

2 votes

[-]

lbi-token 19 days ago

Not referring to anything specific, I have not really used LEODEX much to comment with any authority - just a general comment that for LEO 2.0 to work, Leodex needs to work - maybe I should have worded it as "it needs to keep working"

Good to see direct bridging coming, that will improve the UX nicely.

I get that the issue is a MAYA problem - hopefully it will be resolved soon but good to see some workarounds.

Cheers for the visit.

0.00 BPC

[-]

brianphobos 20 days ago

That's a lot of LEO!
I just have a small bag for now.

0.00 BPC

1 vote

[-]

lbi-token 19 days ago

Big bags start out as little bags, so best of luck building yours up.

0.00 BPC

1 vote

[-]

latinowinner 19 days ago

keep winning

0.00 BPC

1 vote

[-]

lbi-token 19 days ago

Thank you.

0.00 BPC

[-]

india-leo 20 days ago

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

_{100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.}

0.00 BPC

[-]

oldmans 19 days ago

How much would your LBI holdings be worth if each LBI is valued at $51.28 each?

Wow! Around a $100k. 🤑

Like you said I don't want to get too far ahead of things but it is a nice thing to dream about.

0.00 BPC

[-]

lbi-token 19 days ago

Wouldn't it be nice mate?

Time will tell.

0.00 BPC

[-]

ssjsasha 18 days ago

those are some big gains from here to there... I can see a future where everything works smoothly and users start flowing in

0.00 BPC

[-]

jocieprosza 17 days ago

Existing stuff needs to work. @leo.voter has been an issue for ages, it needs to work flawlessly.

Are you aware that Inleo staff claims on Twitter everything works just fine with delegations 🤷

0.00 BPC

[-]

hive-lu 12 days ago

Hello lbi-token!

It's nice to let you know that your article won 🥇 place.
Your post is among the best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by polish.hive

You and your curator receive 0.0000 Lu (Lucoin) investment token and a 13.71% share of the reward from Daily Report 720. Additionally, you can also receive a unique LUGOLD token for taking 1st place. All you need to do is reblog this report of the day with your winnings.

_{Invest in the Lu token (Lucoin) and get paid. With 50 Lu in your wallet, you also become the curator of the @hive-lu which follows your upvote.

Buy Lu on the Hive-Engine exchange | World of Lu created by @szejq}
_{If you no longer want to receive notifications, reply to this comment with the word STOP or to resume write a word START}

0.00 BPC