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How Does LBI Handle ProjectBlank? by lbi-token

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· @lbi-token ·
$39.74
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.

<center>![image.png](https://images.hive.blog/DQmUjPEtu77dJBC6rH8b63BRnjBjyEsRGBmkEReL6Amnn6Q/image.png)</center>

### 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.

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@cmmemes ·
>How Does LBI Handle ProjectBlank?

I think it's kind of a personal decision how each individual handles khal's blanks :)))) 
#Idontjudge 
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@dagger212 ·
$0.35
I am in 100% agreement with this idea.  As I've said a couple times in comments over the last couple of months, LBI is supposed to be about LEO.  I obviously have nothing to complain about when it comes to the gains being made in HIVE and a couple other outside investments, but I strongly feel we need to keep building our LEO stake.  

As I've said, while our LBI value is now around 1.75 LEO, we really only have about 1.1 of it *backed by LEO we hold*.  That means that if the price of LEO were to shoot up over a dollar, chances are the LBI price would take a pretty big hit.  That's assuming the outside assets don't go up as well, of course.  Obviously our investments would be worth more because LEO would be worth more, but our rate of return would definitely suffer.

Again, I'm not saying it wouldn't still be very, very good.  I'm just saying the LBI price in LEO could very well drop from 1.75 to 1.40 or something similar.

This is why I think it's important to consistently be adding more LEO to our holdings.  Some of the "profits" from the outside investments could be peeled off and converted to LEO.  As you said, we *KNOW* the LEO in the account is making 10-15% (sometimes more) in curation week in and week out.  It's not like we'll be *losing* money by staking it.  There is some opportunity cost, yes, but it is also taking some risk off the table and continuing to grow the overall assets inside the vehicle.

I'm also not saying we have to use large amounts.  Just make sure we keep adding to the base position every week.  100 here, 200 there. Whatever.

So, to make a long story short, yes, I agree the airdropped position is likely to be large enough we won't need to "risk" any more by continuing to add to it.  Let's use the curation rewards to keep adding the base currency to our stake.

While I'm here....I would also not be opposed to suspending dividends for a month or two should the occasion warrant we needed to gather funds to invest in something new.  Say, for instance, if we wanted to add a significant stake to the pLEO pool(s) on PolyCub.  Obviously that would require a proposal and vote, but I thought I'd put it out there for people to mull over in case it comes up in the future.

That said, I *really* enjoy my weekly LEO divs so I don't say that lightly....


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@taskmaster4450le ·
$0.05
You read my mind.  Cant disagree with you on that at all.

I wouldnt be opposed to dividend suspension to get into something different like pLEO but you are right, that is up to the vote.

The only challenge is that it could open up Pandora's Box with people wanting to get into everything.  As you started out, we need to keep the focus upon LEO since that is what the token is priced in ultimately.

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@hykss ·
$0.17
I hope LBI won't sell any of this airdrop (at least short term) and take advantage of this new income stream by creation/curation.
Then your idea of selling the newly generated PB token is also something I would support, increasing in a very nice way LBI LEO holdings !
I'm afraid you're going to ridiculously exceed the 20% growth in 2022 :D

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@taskmaster4450le ·
>I'm afraid you're going to ridiculously exceed the 20% growth in 2022 :D

It seems that was done in 2021.  So there is a good chance we will be above it in 2022.

We will all just have to suffer with the outsized returns.

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@hykss ·
You guys are making our life very difficult you know ;)

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@india-leo ·
Indiaunited Curation 1639057635437
This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

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. 

<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>
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@jfang003 ·
$0.18
I am unsure what the best option is but I do think that idea might be good. However will you be able to fully use up your Project Blank VP without affecting the VP on LEO? Will you make a separate account just for that?

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@hetty-rowan ·
$0.18
There is that nice option in leodex where you can set a multiplier. But also if it takes basically place on hive-engine I don't think the votingpower of the LBI account will take a hit. I could be wrong with this, so I'm very curious for @taskmaster4450le his answer to this question. 

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@jfang003 ·
Well taskmaster responded and he said a new account would be best. However the multiplier doesn't work with everything. It's been broken for the outpost tribes.

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@taskmaster4450le ·
That would likely be done through a separate account that is delegated some HP to operate.

It is a completely separate application hence going to require its own curation.  I think it best if someone steps up and agrees to be the curator for ProjectBlank only.



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@jfang003 ·
Oh I thought you were going to be the curator over there as well since you planned to be there too.

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@melbourneswest ·
$0.17
Oh wow such an exciting time. It's a good question and it's great to start planning now. Perhaps we can roll it into LBI or maybe a similar means as CUB with airdrops?

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vote details (2)
@taskmaster4450le ·
$0.29
We can sell the Blank immediately if we want.  However, as other mentioned, there is a price to be paid for that, even if it is optics.  Since it is a Leofinance project, and one I think that will be very successful, it is best for us to support it.

That said, we can take the rewards from Blank and help to get some buying support for LEO.  Adding to our LEO base is never a bad idea.

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@melbourneswest ·
I intend on keeping and staking it all. Leo has been a worthwhile project. 
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@namelessnameless ·
Thanks for highlighting this new entity to me. 

Seeing that it is the team from leofinance gives me some confidence but i personally will dig more into this.

Airdrop sounds gd but that also means selling pressure from people who dont believe in the project.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@namelessnameless/re-lbi-token-3aeudb)
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@oldmans ·
$0.17
I like the idea of keeping the air drop and selling the weekly payouts. With LBI being one of the biggest holders of LEO and therefore one of the largest recipients of BLANK, I don't think we should be dumping that much of a new coin right off the bat. Might be some negative optics for LBI. :) 

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vote details (2)
@taskmaster4450le ·
That is a good point although I am sure many will be doing it.

However, LBI seeks to generate more income streams and here is one being handed to us.  Selling the weekly payouts makes sense since it allows us to increase our LEO holdings yet still leverage that project.  Plus, if it does become a success, the value of the Blank tokens might appreciate greatly.

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vote details (1)
@oldmans ·
> Selling the weekly payouts makes sense since it allows us to increase our LEO holdings yet still leverage that project.

I also agree with a possible split of weekly payouts as mentioned in @ykretz.leo's comment. Best of both worlds.

We could always sell some BLANK down the road once it has 10x'ed in value. ;)

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vote details (1)
@pizzabot ·
<center>PIZZA! 

PIZZA Holders sent <strong>$PIZZA</strong> tips in this post's comments:
@ykretz.leo<sub>(2/8)</sub> tipped @lbi-token (x1)

<sub>You can now send $PIZZA tips in <a href="https://discord.gg/hivepizza">Discord</a> via tip.cc!</sub></center>
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@readthisplease ·
$0.17
> The option to sell the drop immediately is an option

I wish we are not allowed to sell everything immediately to give people some time to rethink if they want to sell everything   off or not. 

Can you refer me to a post to learn more about project blank please?
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vote details (2)
@taskmaster4450le ·
They are sprinkled in the @leofinance account.  There arent too many posts specifically about it as of yet.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-readthisplease-4pxdt1)
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vote details (1)
@riandeuk ·
More diversification of income streams and practically for free. Great idea I think. And yeah selling of any gains to increase the leo will probably be a good move. Still a long wait I assume let's just be patient :-)

Will there be a vote for which route will be taken?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@riandeuk/re-lbi-token-7b7gx7)
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@uyobong ·
Loading up my LBI bag. Can't wait to be excluded from the BLANK airdrops.
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vote details (1)
@ykretz.leo ·
$0.17
I'm sure that not keeping the airdrop would be a stupid Idea ! It would instantly make you one of the biggest #ProjectBlank Curator.

After that, It would be a good idea to sell it for Leo, but maybe only 90% and power up the remaining 10% !

!PIZZA

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vote details (2)
@taskmaster4450le ·
We could certainly do a split.  That is something else to consider.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-ykretz-leo-2nqxkt)
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@ykretz.leo ·
$0.05
That would ,at least slowly, increase the Leo earnongs over time.
I think it is probably one of the best idea, even if the staked share is small it compounds 

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