Liotes News – When Hive Engine tokens are losing value

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(Edited)

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With Hive prices going up during the last weeks, hive-engine tokens lost value in respect to hive. Be it for LEO, CTP, POB or VIBES, they are all in the same boat. The Liotes project is invested in these tokens but even if they lose value, this doesn't affect the project.

All the hive from sales of LENM is powered up in the Liotes fund and delegated out to get dividends. It's these dividends that actually funded the investments in these Hive Engine tokens. These Hive Engine tokens are growing on their own and 10% of their return is invested back into the fund. If the prices of these tokens goes down, this means simply that the liotes fund is growing a little bit at a slower pace.

We actually profited from these low prices to boost our holdings in LEO (+10%) and CTP (+3%) during the last week.

More than full supply burnt

Last week a lot of LEN tokens were sold back to us and it allowed us to burn more than the weekly supply and we could compensate a bit the previous weeks where we couldn't burn as much as we wanted.


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A project run by @ph1102 and @achim03

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24 comments
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Nothing special to say here except that I stake the same tokens mentioned ... but smaller amounts. 😎

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There is that rule about investing and buying when everyone is chasing the "new shiny object"... I would say that LEO can be in that position at this moment... (not financial advice... ;) )

!ENGAGE 10
!PIZZA

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Really? On what basis do you conclude this? It seems to me that nothing is moving, also CUB ... everything I got in the farms I put in that IDO for that CAKEPOP ... but there is nothing, just message about claimed ...
!BEER
!LUV

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I have read one post about the ProjectBlank and how they will do the airdrop counting LEO tokens that people have in their wallets... I know that they are promising it for almost a year, but who knows... Also, I think that they are trying to recruit some moderators for LEOFinance, which means that they didn't forget about the core...

But, I agree with you... There are a lot of things happening there and it looks that they are doing them without control... But, despite all that, I don't see any other tribe that does anything more (or better) than LEO... Unfortunately... :(

!ENGAGE 10
!PIZZA

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@seckorama! I sent you a slice of $PIZZA on behalf of @ph1102.

Did you know Pizzabot in Discord has a bunch of useful commands? (4/10)

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This sounds reasonable. Yes, I read a lot about the Project Blank in the spring of this year, and then it all went quiet ...

!BEER

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Sounds like the project is wowrking very nicely indeed. I am glad it is. Take care.

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Thanks! We have tried to set it up to be low-risk... ;)

!ENGAGE 10
!PIZZA

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It's nice to know that the tribe tokens are bought at a discount. I am guessing you guys are probably just buying at whatever price each week rather than guessing on where prices will be.

Posted Using LeoFinance Beta

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Well, it's not really like that... I mean, we don't buy tokens that we didn't research, but you never know with some... They can have fantastic tokenomics, but lame creators, or vice versa...
The good thing is that we have invested only part of the profits into these tokens and thanks to that, the possible losses are minimal...

!ENGAGE 10
!PIZZA

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That's why part and parcel of such a cool project! Whale liotes fund account is the future.
!BEER !PIZZA

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Liotes fund it the core of the project and we don't want to risk anything from there... Investing only the part of the profits in "risky" tokens... ;)

!ENGAGE 10
!PIZZA

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