Hello, we have a double announcement today, never a dull moment at LBI.
1/ LBI HARDCAP AT 20.30 UTC TODAY!!
2/ Snapshot for CUBLIFE airdrop at 21.00 UTC TODAY!!
Ok, that is today's post. Thank you very much for reading through it. If you have some feedback, slap it in the comments below, have a great weekend.
Ok, so on second thought, might be a good idea to show hows these are looking in the final hours. First up, we'll look at the LBI token hardcap and then CUBlife after.
LBI token hardcap
Many will already be aware of this but for those that are not, the LBI token is hard capping this evening in around 9 hours. That gives you 540 minutes to get in a last direct buy from @lbi-token for 1.20 each and it'll only take you 1 of those minutes to do it. Anyways, that's the last cheesy sales line pitch you'll hear from me (about LBI) 😁😉
At the time of writing, there are currently 224,477 in circulation. We might issue a few hundred more at best so I don't think this will increase that much. We're looking at a total hardcap of around 280,000 after content team rewards are reserved. These reserved tokens are only issued when the LBI token hits certain prices as part of a performance-related incentive to ensure that investors are in profit before tokens are issued. The lowest target is 1.20 LEO per LBI token and the highest target is 5 LEO per LBI. Rewards are also weighted to receive more as the price increases higher so fewer rewards in the beginning.
Daily LBI price on our discord server
Starting from this Sunday, I will be uploading a daily LBI token price to the discord server here's your invite. I will be doing this so token holders have more of an up to date token price. This will help when deciding on buying/selling from the exchanges. Remember that LBI tokens are 100% back so if I say they are worth $1.00 each that day and someone is selling them for 80 cents, well....would you pay 80 cents for a $1? 25% instant paper profit! thank you. So, I'm saying if you monitor the LBI token price, you might be able to stack up at discount. It pays to pay intention cause you can see spots things other don't.
Apart from that, tomorrow earnings and holding report will confirm the final hardcap number.
LBI HARDCAP @20.30 UTC TODAY
1 LBI costs 1.20 LEO
Last chancesend LEO to @lbi-token
CUBLIFE snapshot
When the hardcap is sorted, we will mark the occasion by taking a snapshot of LBI token holders for our soon to be launched CUBLIFE project. Any token holder with more than 10 LBI token in their wallet will be eligible for the airdrop.
The plan was to airdrop 1 week after the snapshot but on second thought, why? We'll aim for Monday sometime and LBI token holders will get 10-11 days in before everyone else. This will result in an extra dividend payment so you'll prob be happy to hear that.
The airdrop will be small so don't be getting your hopes up. Just thought it would be a nice idea for all LBI token holders with voting rights to receive a few of each token project we release so that everyone is involved.
CUBLIFE (CL) Pre Sale update
It has been 1 week since the announcement was made we've pulled in a few thousand dollars worth of HIVE and LEO. Seems to be mostly LEO transactions witch is odd as I thought I would have been mostly HIVE. I would expect more people to get into this closer to the launch date.
CUBLIFE timetable
- Presale ends 20.59 UTC 20th May
- LBI CUBLIFE snapshot will take place at 21,00 UTC 7th May
- LBI CUBLIFE airdrop will take place at 21,00 UTC 14th (sooner than that)
- First LEO dividend payments go out at 21,00 UTC on the 21st
- Presale ends at 20,49 UTC and CUBLIFE tokens are distributed at 22,00 UTC 21st May
- Dividends are paid every Friday at 21,00 UTC
- From 100% of earnings, 50% is paid to CUBLIFE (CL) token holders, 40% is reinvested to increase future payouts and 10% paid to @lbi-token as an operators/host fee.
Here's an update for those that sent funds to confirm that their transfers have been seen and are recorded.
Authored by @silverstackeruk
Posted Using LeoFinance Beta
When will this be as below it says:
Or will there be one on the 14th instead? That'd be cool :-)
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You sold me dammit! Liquidated POB to get in you convincing sun of a gun
😁
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Stop it or I'll end up converting more!
O-kay, got my last few splatterings of Leo sent in for LBI, not much but it might make a difference in a few years time.
I sent swap.steem (steemp) to @cublife but I meant to sent swap.hive (hivep) is that ok? Thank you.
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With LBI being 100% backed does this mean that @lbi-token will accept LBI in return for Leo if someone decided to do that? And would that token then be burned?
Well there is a buy back guarantee from the team . I am not sure if it is in LEO or other crypto .
I don't think they will burn the LBI though , it would be a good idea to redistribute the LBI in that case just like they did with SPI .
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LBI will soon offer a 95% buy back. It'll be pretty much as you've said. Return LBI to @lbi-token, we give you 95% in LEO and either burn your tokens are resale them at 100%, prob burn them.
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Eh, I missed the drop. No problem, I sent you some $HIVE and $LEO for CL tokens. It will be a nice experiment and additional source. Thanks!
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Yes, I sent in one last batch last night. I plan on holding it for a long time, so now that it's finally closing, I wanted to have as much as possible. Now I can finally get back to growing my LEO power (until the next one comes along....lol )
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Hi. Sorry, I am not comment spamming. I sent 200 HIVE 5 days ago but don't appear on your list. I want to send more but also need to make sure you got my funds and I am included in the dividends list when it comes? Can someone confirm?
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Message forwarded to @silverstackeruk.
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Thank you, for forwarding. The transaction is in my wallet 5 days ago.
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I am sure all LBI token holders appreciate that you put them first when it comes to the CUB Life airdrop, that sort of care for your investors is something that helps build trusts and maintains a really friendly atmosphere :)
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Too bad I can't get more LBi at the moment. Will be setting my sight on cublife presale
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Yeah I don't expect the airdrop to be much because of the possibilities of excessive dumping.
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Will be interesting to see who puts up the first sell order and for what price
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It would but the fact that the airdrop won't be much might make people change their mind
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LMAO @ yellow hardcap on LBI's logo in the thumbnail. 😂
Nice touch!
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LBI took priority due to the hardcap deadline, so now I need to save for Cublife. I guess this game never ends :)
Thanks again for the work you put in these projects!
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I have just sent the LEO tokens to @cublife. I might as well build my tiny position now.
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I send my part a few days before the deadline, the time needed to accumulate some other HIVE :P
cool, sounds like a plan :)
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sure :)
Thank you for keeping us updated. I like to know what is going on as I am nosey that way, especially with my investments.
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Do swap.hive qualify for payment?, I guess yes as post mentions Hive (p).
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Great news and new passive income layers coming to the space. With more use cases we simply strengthen the LEO and CUB Finance ecosystem!
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Hi.
I sent 200 HIVE 5 days ago but I dont appear to be on your list. Am I in? I want to be sure before sending more.
Posted Using LeoFinance Beta
Hello, sorry about that. I have now added your name.
Thank you for checking this post and letting me know.
FYI - very cool username
Oh, no problem! Thank you for adding me. I will be sending more now :)
GRacias! And thank you, I quite liked the name too!
Posted Using LeoFinance Beta
I thought of making a post on this on Monday , glad you covered it :)
Let's see how the prices change after the hardcap :)
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What is nice about this is we end up putting more buying pressure on LEO. Each week, the CUB is sold to get LEO for dividends.
Since I think CUB will be generating a bit more attention than LEO in the near to medium term, this is a good thing.
Hopefully, over the next few months, we can grow this into some impressive numbers.
Posted Using LeoFinance Beta
the last chance before the hard cap I couldn't pass up.
I have sent 72 LEOs to @lbi-token right now
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Awesome news! I am happy to see that more people have jumped in on the Cublife thing. The numbers at the beginning were pretty sorry and I am happy that they have started picking up. Getting a bigger pot to start will be a good thing.
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The overall number of CUBLIFE really dont matter. Sure the more in there equates to more CUB that come back but spread out more.
Those who get involved are generating another revenue stream. Plus, their their stake, LBI is benefitting too.
It will keep the numbers growing.
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Yeah, I was just thinking that the more we get in there the more the compounding percentage will increase. I was able to talk my worker into investing and he is pretty excited about it, so that makes it worth it for me.
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Thanks for the information, I became in the DEFI world with CUB and I strong belive that this is one of the best proyect that I´ve invest. I hope in short time, invest also in LBI.
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Very excited about this!
I just sent over some more Leo because I wanted to get some more LBI
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My guess is your wallet will thank you down the road.
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I can see my name and transactions there. relaxed
I am buying from LEO because I don't own too much of Hive as of now.
Will probably buy some from FIAT just before 20th May.
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Deep breaths my friend.
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Thanks T.
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Your post was promoted by @finguru
Hello @lbi-token and @silverstackeruk. On 5/8 I sent 10 Hive directly to @cublife form my Peakd account. Is this incorrect way to participate in the pre-sale? Do I need to instead send Swap.Hive?
Please respond ASAP and let me know. Also, my 10 Hive will need to be returned if done incorrectly.