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RE: LBI-GOV Vote on Hard Cap and Open Call for Proposals

in LeoFinance • 4 years ago

I vote YES to cap as this will allow for there to be some price appreciation created in the LBI tokens as well as the value they represent. However, I would like to see the number "soft-capped" at 275,000 with a hard cap at 300,000-350,000. This would leave some room to potentially open it up again down the road if we decide it would be beneficial to "raise" more capital for other projects by letting new people in or existing holders to raise their stake. That would still require a vote from the token holders but would keep the flexibility there if deemed necessary. Just my thoughts. Maybe if some more people read this and like it we can amend the proposal. Just seems prudent to me.

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4 years ago in LeoFinance by
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     4 years ago  

    I believe of those numbers there are still about 30,000 tokens held for conversions. Those are included in the 275,000 number.

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       4 years ago (edited) 

      No, 20% of the total is for the "content creation team". 20% of 275,000 = 55,000 plus the 220,000 already minted gives you the 275,000 minus the 5 he is going to burn.

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       4 years ago  

      This I agree with. I didn't see any room for 30k tokens but I miss stuff all the time... 🤣

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         4 years ago  

        Do you always invest in funds you know nothing about?

        🤣🤣🤣

        1. Price is appreciating NOW, w/o a cap of any kind. It's by design...
        2. Soft cap is not in the mix, you're asking for a hard cap and then saying it's really a soft cap and can be hard capped later?
        3. At least you know un-capping would require a proposal and a vote. Uncapping would be much more difficult to get a consensus than just voting NO right now. Seems you are voting to cut your own nose off now, then convince the surgeon to reattach later, but it's much more expedient to just not cut it off in the first place!
          The Vote Counters will not try and interpret your intent, they are simply looking for YES or NO... 🤷‍♂️

        🤷‍♂️

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