How Does LBI Handle ProjectBlank?

It looks like we could see the long awaited #projectblank make an appearance during the first quarter of 2022. This is going to be a welcomed situation for many who have waited much of this year in anticipation.

While we will have to revisit the exact details when they are released, we can review some from when it was discussed earlier in the year.

Before embarking upon that, it should be noted that the Project was mentioned one of the more recent Leofinance AMAs. Basically, there are a few things remaining as it pertains to the mobile applications. After that, some "housekeeping" is to be done before the application is forked. Then ProjectBlank will be tied into its own back-end.

As noted, the specifics of the token might change but we will have to go from previous information.

Airdrop

It is believed that we will receive an airdrop based upon LEO that is help. Since LBI is one of the largest LEO holders, it only makes sense to surmise that it will receiver one of the bigger drops.

The token associated with this application is going to utilize Proof-of-Brain. This is a feature we are all aware of and LBI has used very well in the accumulation of more LEO.

Hence, if this is indeed the case, LBI has the opportunity to generate another income stream simply through the curation of content through this application. There is nothing wrong with adding another stream to what is already established with the other aspects of the project.

Of course, this is only the case if the tokens are retained and staked. The option to sell the drop immediately is an option. However, personally I think it better to keep the drop and put it to work. We know that we can generate between 10%-15% yearly simply through curation.

Also, since we have no idea of the tokenomics at this point, we cannot forecast the likelihood of price appreciation. Odds are the tokenomics will be strong. Nevertheless, if there are 1 trillion tokens issues, it might be best to consider unloading if the tokenomics are awful.

Since that is not likely the case, we will proceed as if they are strong.

LEO-Based Project

In the past we discussed how LBI is a Leo-based project. For this reason, everything associated with the token is based in LEO. Since people are operating in that currency, we have to continually focus upon that.

We encounter issues with non-Leo holdings. When there is a change in the relationship, we could see a gain actually offset because it is worth less in LEO. This is something that entities which deal in multiple currencies have to deal with. For corporations, this is an accounting issue. However, when dealing with a fund of this nature, we have legitimate financial issues that can affect the value (pricing) of the token

ProjectBlank, even those put out by the Leofinance team, is a completely separate project. It will be housed on Hive and the token, presumably, will be on Hive-Engine. That said, it is not LEO thus has to be considered something completely different.

In other words, the pricing of Blank will be completely independent from LEO. This, naturally, can be of benefit at times yet also can be a detriment. Essentially, it adds another variable i.e. greater risk.

For this reason, while we can accept for the airdrop (since it cost us nothing), there is no reason to do it for all related. Therefore, it might be a good idea to curate each week using the stake we get from the airdrop but sell the weekly payouts for LEO. This was we keep adding to our LEO holdings, the base token LBI.

We are seeing more use cases added for LEO. In the next few weeks, there is going to be another liquidity pool appearing, this one on Polygon. What this means is there will be wLEO, bLEO, and pLEO. Each has LEO placed in it, reducing the supply used for other purposes. At present, we have just the two but it is safe to say a bunch of LEO will end up on the new LP.

It is also likely this is not going to be the last pool set up. As more chains are adopted by Cubfinance, more LEO pools will appear.

This means we have reason to believe that liquidity is going to keep getting tighter as there are more options out there. If LBI keeps filling its bags with LEO, we could be in terrific position when the bull run take place, especially if it is due to a lack of liquidity.

Hence my idea of taking the weekly proceeds from #projectblank curation/authorship and buy LEO off H-E.

What are your thoughts?

Article by taskmaster4450le.

Posted Using LeoFinance ^Beta