The next few weeks for LBI

Hello Leo community, today that's let our hair down and take it easy. It's been a great launch week, we've issued a butt-ton of LBI tokens, became one of the biggest LEO wallets on the platform and even we got a start on governance with yesterdays post. Could not have asked for a better start, what's next?

The next few weeks

Nothing exciting to be honest, success is a lot of very small boring steps put together so the next few weeks will see us start the grind. For the rest of December, we will be powering up all LEO earnings to the lbi-token account. Nothing exciting

Jan 2021

Now, this is when the fun begins. We will start the weekly dividend payments and looking into investing in the wLEO LP and LEO miners. Our main problems with these 2 investments are wLEO LP ETH fees and LEO miners are hard to come by in large numbers. Div's will be easy to sort out with the help of my good friend @gerber. Im a hustler so im always looking for ways to save a buck, below are examples of things could try.

wLEO LP ETH fees can be expensive, we all know this and especially on small transactions so what can we do? Could we offer for a limited time something that let users buy LBI's tokens with wLEO? A few people have asked if they can buy LBI with wLEO so i know we'll issue some tokens this way. My main concern is that each issued LBI has to be backed by at least 1 powered up LEO token and we will be limited to our earnings so if LBI earned 500 LEO in 1 week, we could issue 500 LBI for wLEO as the 500 we have from earnings would need to powered up if that makes sense. It's an option to consider.

LEO Miners We want these but we want them at a decent price. Everyone prices these in HIVE which is correct i guess as they are traded for HIVE on the exchanges but to make the process of working out ROI more simple, i price LEO miners in LEO . 1 LEO miner on the exchange today costs 12 HIVE are 5.86 LEO which would take almost 4 years to get your invested LEO back based on 1 LEO miner earning a ballpark 1.44 LEO per year.
There are lots of people out there that have a few LEO miners are mega miners sitting in their wallets not doing anything for them. LBI's price for investment into LEO miners will be 3 LEO as this takes around 2 years to get back investment which is acceptable. What about LBI offers people 3 LBI's for each LEO miner they wonna swap? I understand this might seem like a donation to same given the current price but we can only pay what we think they worth, not FOMO numbers. Anyways, its an option to look at.

After Jan

Focus on building wLEO LP and getting more LEO miners, this will be the main focus for the first 3 months of 2021. After we have decent holding in both we will venture out into something else. Alot can happen in 3-4 months in crypto land so what that something else is, we dont know yet. Could be something simple like buying some ETH/BTC are could more complex like building a website to provide a service that will earn us an income from fees. We have the chance to do amazing things, the lbi-token account has become a big fish in a small pond so let's make an impact and leave a positive mark.

Thank you for reading today post, we are happy to hear your comments and feedback so please dont be shy and create some engagement

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