LBI Powerdown!

lbi-token (75)in LeoFinance • 3 years ago (edited)

Hello LBI'ers

Shocking!

Here we are again with the Sunday LBI post. And this week I'm going straight in with this shocking announcement! LBI has started a powerdown! What? A powerdown? Uhm yeah, and before you all start bouncing now, let me tell you what the point of that is.

Oh wait, don't panick!

These released LEOs are going to work! Have you ever heard of it? Working LEOs? Is not it? I'm sure you all know what that means. These LEOs go to PolyCUB, and there they go to work to earn PolyCUBs. These PolyCUBs will then be converted back to LEOs to ensure that LBI gets more income, and… that you will receive higher dividends!

Higher dividends?

Have you become happy yet? I can only imagine that, and I'll make you a little happier with the following numbers. Precisely by none other than @silverstackeruk, the one and only.

In these numbers you can see the real reason for this powerdown. It is a simple fact that on PolyCUB the LEOs can earn much more than they can onchain here with curation.

So here you see the numbers, and I think it's a no-brainer to see what the best way for LBI is to ensure growth for everyone invested.

Blue fingers

But, you can't click or type against the juicy rewards of PolyCUB. Not even the great Taskmaster can change that.@taskmaster4450 is doing a great job, and really, there's nothing to say about that. That poor man's fingers will just about turn blue from clicking the vote button and the many comments, and blogs, he types daily.

Not everything of course!

Because we want to keep the LBI holders happy, @silverstackeruk has chosen to grab some of the LEOs with a powerdown, yes, you read that correctly. I'm not talking about everything here because of course we're not going to do that. We're talking about a part, and that part that's going to work on PolyCUB, farm a dizzying APY there, and eventually get it back where it belongs. So that you can all enjoy a slightly higher dividend payment.

Slowly getting rich!

That is and remains the goal of LBI, and we do everything for that, even the unstaking of LEO to speed it up a little more ...

Of course, you can have your own opinion about that, but in this case, we thought the powerdown is allowed! After all, we're not really leaving LEO, it's a project that belongs in the LEO family, and the LEOs change briefly to pLEOs, to eventually go partly to bLEOs and back to LEOs. Can you still follow it?

It's AWESOME

Hmmm, maybe it has everything to do with the fact that it's late in the evening when I wrote this up for today. And so much useful stuff has already been written about PolyCUB that I don't really know what else to add. It's been said so many times that it's good, and I really have nothing else to say about it. In fact, simply good is an understatement. It is awesome. And because it's so great...so we decided to powerdown some of LBI's LEOs, so we can increase LBI's holdings, so we can increase the dividends and ultimately make everyone rich a little faster. Yes!

And so it's all made possible because Khal stole LBI's great idea for PolyCUB and xPolyCUB.

The LEOFINANCE family

The main advantage of this way of increasing LBi's holdings is that it remains within the LEOFINANCE family. It's a trip off-chain, yes of course. But that's also the only way to increase LBI's holdings. But it remains within the growing family. And that is also what most LBI holders like to see. At the same time, we, the LBi team, like to see the holdings grow.

Looking to the future and sustainability

Because with growing holdings, it is also possible to look in the long term at the start-up of any buyback programs and any other ideas that arise. Anything related to that requires a certain amount of liquidity, and that's exactly what LBI is currently experiencing. The token itself is doing great, the value is rising… as can be seen in LBI's weekly reports. Only the liquidity to do things, and thus to guarantee growth. That's missing! And that's a shame. Liquidity is a necessity. In order to create that liquidity, and at the same time guarantee the growth of the project, we therefore have to do a powerdown.

Giving you all the transparency you are entitled to

Why are we telling all this? To of course give you the full transparency that you as an investor are entitled to. And to let you as an investor know that the dividends will also grow a bit. @silverstackeruk will give you some numbers later this week, but I'm assuming they won't get any worse, they'll be juicy rather than dry...so

Time for me to end my ramblings and tell you that Silverstackeruk is going to explains this later this week in a much better post ... but,