Hi,
one project that I like, is the @lbi-token one. I've invested a fair amount into it and plan to continue increase my stake till I have at least 1% of the issued tokens. They are still issued as long there is a demand and the printing will be stopped at a certain point.
Why did I wrote 5 days left if the printing will continue and what is behind the title?
Simple, in 5 days, each LBI bought will be acquired at the current value of the LBI token based on the assets.
The cheapest would be now, where it is still 1 LEO. All LEOs used for buying are staked and will never be unstaked as they are the foundation of the project.
From the last report, that can be read in here, 1 LBI=1,0284 LEO as the account has grown by posting and curation to this value.
So, in theory, if someone wants to buy 1000 LBI, after this period it will pay 1028,4 LEO for it. I think this is a pity to let 28,4 LEO to go to waste.
Also, there is another mathematical trick. The more people buy now at a discounted price, the lower the starting value will be as the current wins, will be diluted on the new stake.
Is this not counterproductive for me and the stake I aim to hold? For the start yes, but only for this short period of 5 days, after that, everyone buys at the project real value at that time, without diluting the wins. My target will be the same and it might beneficial for me to own a bigger amount on the long run.
So after this 5 days period, the buy in will ensure the last communicated value in LEO.
Is growth for a big account not slower? Yes it is definitely slower as posts reward tend to be the same, but the curation will be significant higher and different projects can be tackled faster. In my view is it better to own an apartment in a villa in Monaco than a chicken coop somewhere where land is cheap. Both provide housing, but one is of higher value also due to the surroundings.
The next tough question is, what happens to the airdrop tokens? Well, they are not going anywhere and will just be used as asset like everything is coming in the project. Also one will get more from the airdrop as 1 LBI brings now 1.0284 parts airdrop, almost 3% more.
There is a good explanation on the @lbi-token account that can be read in this post..
If you have any questions, feel free to ask as I will try to answer all from my perspective as a non financial advisor, only as a person who expresses its views.
This post has received a 34.4 % upvote from @boomerang.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit