Smart Investments and smart contracts, I like those names and will use them.
I would like your analysis of this project suggestion.
I would like to incentivize people to invest in easydefi by changing the program.
The program would allow investors to buy tokens on hive-engine which can be redeemed at a certain rate at a time.
For example you buy 300 easydefi tokens for 250 LEO tokens.
And in exchange for your 250 Leo tokens and you are allowed to sell 6 Defi tokens per week for 6 Leo.
This means that at the end of 50 weeks you will have sold all 300 defi tokens and earned 300 Leo tokens in exchange for your 250 Leo investment.
I pay investors 20% APR over time, and it is permissionless to a point, in that the investors don't have to wait for me to send them Leo, they just sell the DeFi tokens every week to get their Leo earnings.
Now, I know there will be those tempted to sell back more then six tokens each week, but I will reward those who don't do this 3.0 Leo upvotes for comments with screen shots documenting their Hive Engine token sales of 6 defi tokens and screen shots of their balance remaining. This 3.0 Leo upvote will give 1.5 Leo per week or 75 extra tokens per year and doubling their yearly return to over 40%.
I think this is a win-win.
What do you think?
Thanks
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🤔 why should one do clickediclick for 50 weeks when one could just sell back the whole amount and cash out immediately? what means „allowed to“? how are the easydefi tokens sold? wouldn’t you rather take 20% immediately if possible instead of clicking for a year even if the reward doubles? just 10x your above example and tell me who wouldn‘t cash out 500 extra LEO immediately?! 🤔
So it’s to complicated?
Thanks for feedback.
Posted Using LeoFinance Beta
Not just complicated, it's just not working if you can't prevent people from cashing out 20% immediately!
My intention was to incentivise people with upvotes for not selling.
Posted Using LeoFinance Beta