Yesterday I paid out the Weekly Delegation Payments for our Community Curation Project and in the process I did a bit of a review on the project finances. Hive has been doing well recently and the project has been running fairly smoothly, but we still want to stretch our raised funds as far as we can so (as promised) I’ve started tapering off some of the leases we acquired through Hive-Engine. We only have 1 x 5K lease left on there and I didn’t pay to renew it yesterday so most likely it’ll drop off in the next day or so.
Image Generated by AI
That should put the Hive Power for Precious at around the 430K mark and I’m cautiously confident that we can hold at that level and fund our off-market leases well into 2025. We still are holding project funds in the SWAP:HIVE – SPS Liquidity Pool which currently contains about $185 worth of value and we have accumulated a bit of LEO Token on the community account which I’m also selling off.
Our current Powerdown yields 812.341 Liquid Hive per week and our Weekly Delegation Payments will now drop to 872.91 so the deficit is closing a little. However, the current Powerdown will expire in January and the next one will yield less. It’s hard to know just how much less but that’s the tricky part about managing the project funds and tapering off our Hive Power leases this way.
I am cautiously confident that we can stretch the current funds into late February or early March 2025 and so the community can decide a bit later what to do next. The Monster Raffle fundraiser has always been a big hit every time we’ve put it together but I don’t think we’ve yet held one during a raging Bull Market. Personally I’d wonder if it’s a wise decision to be raising Hive if the price is going on a tear and, lets face it, that’s what we all hope will be happening in early 2025.
It’s a good problem to have because if the Hive price is going strong then our Upvotes and Author Rewards will also be going up, so it wouldn’t matter so much if we decided to keep tapering off our Hive Power and stretching the existing project funds while the going is good. Regardless it’s not a decision we need to make right now but something to keep in mind for down the road.
Good stuff on the finance side, sell that LEO as fast as you can xD
Q: Who tf sits at the end of a desk like this!?
A: Only people who hold the pen upside down.
You don't know what's going on under that desk. She got a tail to fit in there and she has no pants on.
The pen is a double-ender.
Precious is quirky and a bit special. She is just posing for a photo here. There isn't actually anything written on the paper.
PS - I could probably run a competition "Find 20 things wrong with this picture" but I am sure you would win it so it would not be much of a contest :)
fak. Sorry man, ai "art" is so fucking mundane and antiseptic. I guess I just love to hate it because I can't focus on anything else when I see it in our community 🤡
You have no idea how hard it is for me to not just rail on it every post. I have a problem 🤓😆
No need to apologize. I know the AI Art irks you, but I need a picture or it's just a boring wall of text that will be TLDR and I don't have the talent or budget to do better.
I think the quirky fked up AI image fits the project though. Precious is a bot and is totally imperfect. The ridiculous imagery I've been using kind of reflects that. Maybe that's just my twisted humor playing out...
Well shit man, when you put it like that I have to agree. It's like if one listens to the other side of an issue where the other person makes sense, then person 1 can change their mind and the people can get along!? Jesus! I sure am glad the general public doesn't know about this magic! Carry on sir!
You're the man with the numbers 👍
Job well done brother. You know best.
Thank you @buggedout for what you do!
You’re doing great managing the finance side 👍
!pimp !bbh !hiqvote !spam
Nice work on the financial update! Impressive how you've optimized the funds. I hope to see what the community decides on next.
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