Edit: To clarify, if you have Hive delegated to @brofi then you can leave it as it is. Rewards will follow. But please undelegate all of your tribe tokens. These no longer work!
Alright, big thanks to @themarkymark we now have a fully functional Brofi back up and running. This time, instead of delegating your hive engine tokens to Brofi, you will delegate Hive to @brofi and in return receive BRO as a reward.
Rewards are paid out dependent on our curation. So we will have our curation APR + a 10% bonus on top of that. Rewards will work out at roughly around about the 17% APR mark.
How is it sustainable?
Well, for the last six months I have been building up a heavy splinterlands account. Most will know that our account is well into six figures of the assets we own. I was getting us ready for lands, and I'm sure if you read us regularly then you will know that I was surprised by the fact that lands are at least a year away. That has left me with a massive gap in my schedule. So, now, I'm focusing on HP.
This means that instead of buying up Hive for HP, I will be buying up BRO constantly so that you guys can receive your rewards.
I will also be buying back at the true price of our fund. I did a rough calculation and we sit at approximately 4 Hive each BRO. Hopefully I can catch @amr008 so that he can create me a regular price feed (fund value / ~69,000 BRO) to keep an up to date "actual" buy back scheme
I listened to what my Dragons said.
We had a long discussion in the Dragon room yesterday about fund worth versus perception on hive engine. It was brought to my attention that even although our fund is worth so many thousands, there is no incentive to buy and/or sell at that price, unless I sell off all the assets then no-one will see that for their BRO.
I thought this a very valid, and crucial point, so, from this point onwards I am going to make sure I am building a very large buyback order at fund "actual" price. This of course does not include dividends given out - I will only be buying back at asset backed price. You may think however it is worth more.
Delegate Hive to @brofi, get BRO & More.
So I looked into the @brofi voting patterns. They were erratic, voted up shite, and would often receive downvotes -- zeroing some of our days hive rewards to nothing. Mainly because we were upvoting total crap.
So to make things better I've decided to make Brofi follow @brofund's schedule. That means wherever brofund votes, brofi will follow -- and brofund's power is never low, and votes on quality work.
Great news if you are a BRO owner, because if you own BRO then you absolutely know that you receive a complimentary daily vote from @brofund.
Just please be aware that we will not upvote spam, shitposts, or the likes. Doing so will get your removed from our list -- this is a complimentary service and not something to be taken advantage of.
Remember! We are not just Brofi. We are so much more.
We are the BRO token, which is backed by over $250,000 worth of assets. We pay out dividends in tribe tokens daily, splinterlands dec & sps, we invest in places and reward holders with slow drips of our cut. We have so much more on the table over the next few years.
We are The Man Cave, a discord server that prides itself in open dialogue, with many aspects coming to our social side over the next few years also. The Dragons Den will be coming soon. Rewards for top chatters soon! So much.
We are a multi-faceted project and @brofi is only one part of it.
You can find our discord server here: https://discord.gg/cv9xAmfcqq
Quick clarification question, if you have HP delegated to @brofi now, do you need to undelegate and redelegate or is it actually the same account so you can leave things as is?
In my case, it doesn't matter since I undelegated a few days ago with the onset of the current turmoil, but I thought I'd ask since it seems relevant to many.
Looking forward to a more up to date version of BRO!
Posted Using LeoFinance Beta
Leave as is. I'll edit this post to clarify it. If you have hive delegated then you should receive BRO rewards today :)
I appreciate the heads-up on the Hive Engine delegations... I'll boost my #Hive delegation shortly. Thanks for all the great work! 💪
!PIZZA
!HBIT
!gif good heads up
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Thank you, Sir :)
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Delegate HP and earn more
I used to have 200 but I sold and powered up
ah, nice! Good to have you with us (even if it was for a short period of time) :)
Slowly stacking BRO. Let's see how this works out! Keep up the good work and information, this is great news!
Thank you. Should have no problems this time. Marky is our discord daily, and I have deep pockets
Just some of the trials of dealing with new technology and, sadly, some unreliability.
Either way, #BRO is still a strong fund. Hiccups are to be expected but the bottom line is the holdings are not fading.
All of this is vital to the future success of BRO for all involved.
No reason to worry when there is a trustworthy person at the forefront.
Posted Using LeoFinance Beta
Yeah, will admit, it's been the bain of my life for the last week, but I think we're solid now!
No problems on my end. I know the type of guy you are and how you are stand up when it comes to what you are creating. And you tap into other people of the same ilk, those bringing out projects they are dedicated to see succeed.
Posted Using LeoFinance Beta
Thank you TM :) Wait til you see the roadmap we have coming out! Remember the Bro Show on Wednesday @ 5pm EST :)
You are a tease. You have been teasing for me a couple weeks with all the cool stuff coming out.
You are getting to be as bad as @jongolson. He does the same bit. Drops a hint the leaves us hanging.
I get enough of this in my dating life; dont need it from you guys.
Posted Using LeoFinance Beta
Aha that is really a good news🎆, bro to the moon 💖🎉🥂
Hoping so!
!giphy to the moon
!PIZZA
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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.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
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I think I had 5 BRO. I sold then just have 0.3 left. Seems good with the splinterlands assets !
Should be - I sent out about $500 in splinterlands assets to Bro holders last night :)
Thanks for the clarification. I already started undelegating my tribe tokens and I don't delegate out my HP so I guess I am done with everything. Will tribe tokens ever come back to brofi?
Posted Using LeoFinance Beta
I'm looking into it! But I'm unsure if we can make it sustainable. 3 tribes have already died on us. But hive is stable. And I'm willing to part with my hive to buy back BRO
Right time to delgeate the last of my hp towards this as i trust this project :)
Nice! Good luck, Sir :)
Will undelagate my tribe tokens today and maybe see about delagating some Hive. I'll be happy to continue upping my stake.
Thank you Sir! If you hold BRO you'll also get complimentary daily upvotes from us too. But then you can sell it also. Either or :)
!PIZZA
Posted Using LeoFinance Beta
I see you now have some new rules!
No BRO coin or Man should be cheap. Stay Up Homies.
That's awesome that Marky helped you out with this. Mancave has been such a good project from the get go. I don't know why so many people talk bad about Marky all the time :) I had read about this in your Discord a bit already, but I also found this post on Listnerds so I just wanted to let you know!
Do you have a minimum delegation amount?
No :)
I dont shitpost (Except for one time) so please dont remove me homies!
I will delegate shortly. I think you have something here. Thanks for sharing on ListNerds.