When we look at the people in the Liotes community we are quite happy to see that most of the ones that joined the project at the start are still here. We deduct that people are quite happy with Liotes. However, we also realized that we didn't manage to bring that many new users to the project in the meantime. More users would be good for the project. This would mean more LENM sold, more votes on our posts, more interaction and more value for everybody. Therefore, we would like to ask you for your ideas how to reach that goal:
**Gives us your ideas, how we could bring more new people to Liotes.**
## The Liotes Mission
By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the [Liotes Ranking](https://docs.google.com/spreadsheets/d/e/2PACX-1vT15H8Ix01KrjfmHfMIkCfYKvVlavUhH3ydg8zTlVKSP2_E_z2s4DH7czR3PdX_qBmd2e-Os13AH7UD/pubhtml?gid=0&single=true).
People who submit an answer will get 4 credits for the Liotes ranking. There might be some bonus credits for things that we really like :-) For easier following, please do that on original post on HIVE: https://peakd.com/hive-150329/@liotes/nktojxcj
We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.
For easier following, please do that on original post on HIVE: https://peakd.com/hive-150329/@liotes/nktojxcj
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
Today we have added a new tokens to the reward pool which is linked to the LEN:LENM diesel pool. Our initial plan was to add all the tokens of our secondary income sources to the pool but we have realized two problems:
### decrease in value of added tokens
Both LEN and LENM tokens are closely linked to the value of hive. Most of the other tokens that we are curating and accumulating are not. If hive goes up, the value of the rewards goes down and thereby also the APR for liquidity providers.
### the tokens in the reward pool are blocked
When trying to add tokens to the reward pool, we realized that these tokens would be blocked for a big amount of time. During all this time, these tokens can't generate curation rewards. We were therefore a bit reluctant to put more money into the reward pool.
## The perfect solution
We have found a solution with a token that is directly linked to hive because it corresponds to a tokenized hive account. In addition to that this token profits from the curation and author rewards that the underlying account is generating. It grows therefore with the speed of a hive account that is leveraged by delegations. At the moment the APR of this token is close to 69%... I've needed a lot of time to realize the potential and I should have seen that earlier because I have created the token I'm talking about...
I'm speaking about the CTPSB token that most of you probably know already. If you want to learn more about this token, you can check out [the website](https://ref-hunters.ch/ctpsb/index.php).
From now on, we will use a percentage of the income from the tokens of the secondary sources and purchase CTPSB with them. By adding CTPSB tokens to the reward pool, the money inside the pool will continue to be at work and everybody will get higher rewards in the form of a token that is indexed to the hive value.
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
We have updated the [Liotes Ranking](https://docs.google.com/spreadsheets/d/e/2PACX-1vT15H8Ix01KrjfmHfMIkCfYKvVlavUhH3ydg8zTlVKSP2_E_z2s4DH7czR3PdX_qBmd2e-Os13AH7UD/pubhtml?gid=0&single=true) and we are glad to welcome a new member in the Wind Maker family with @moonthumb. We have sent him 5 LEN as bonus for reaching this rank and he will profit from the additional love from our curation trails ;-)
We have also updated the finances of the project. You will find all the details in the video.
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
I had a discussion with my wife and she complained that I spend too much time on Hive. To be honest, she's not totally wrong about that. I was wondering if this is the case for other people as well. The question today:
**How much time per day on average do you spend on Hive ?**
## The Liotes Mission
By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the [Liotes Ranking](https://docs.google.com/spreadsheets/d/e/2PACX-1vT15H8Ix01KrjfmHfMIkCfYKvVlavUhH3ydg8zTlVKSP2_E_z2s4DH7czR3PdX_qBmd2e-Os13AH7UD/pubhtml?gid=0&single=true).
People who submit an answer will get 4 credits for the Liotes ranking. Please do so on the official post on HIVE for easier following https://peakd.com/hive-150329/@liotes/jduzzjyh
We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
When looking at the different charts of tokens an coins, it's quite safe to say that we are in a bear market. Not everybody copes well with such a situation and we would like to know how it is for you:
**How do you deal with the bear market. Do you behave differently than when things went up in price?**
Please write your answer as a comment below this post of the Hive for easier following and rewarding https://peakd.com/hive-167922/@liotes/gnaeegje
## The Liotes Mission
By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the [Liotes Ranking](https://docs.google.com/spreadsheets/d/e/2PACX-1vT15H8Ix01KrjfmHfMIkCfYKvVlavUhH3ydg8zTlVKSP2_E_z2s4DH7czR3PdX_qBmd2e-Os13AH7UD/pubhtml?gid=0&single=true).
People who submit an answer will get 4 credits for the Liotes ranking.
We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.
Do it here: https://peakd.com/hive-167922/@liotes/gnaeegje
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
We are happy to announce that the Liotes Shop is now open for business!
At the moment it is possible to rent the following products:
- LEO Power
- CTP Power
- SPORTS Power
- A selection of Splinterlands Summoners
We will try to add new products regularly to the shop.
All rentals are for 91 days, a fourth of a year.
Orders are checked and then processed manually in max 24h (Usually much faster)
## In the Liotes shop we only accept LEN tokens
According to the value of the products and their possible return, we set prices in USD. However, the USD is transformed in Hive and then in LEN tokens by a plugin and whatever you rent and buy in the shop **will be paid in LEN tokens.**
To respect to USD, the LEN price will fluctuate quite a lot and you might want to look for nice opportunities in the shop. At the same time, you should know that the product supply in the shop is limited.
To make a purchase, you will need the necessary LEN tokens in your Hive-Engine wallet. After check-out, you will need to sign the transaction over Hivesigner.
> **Check out the video to see how the shop works**
## What do we do with the proceeds of the shop
The products in the shop either belong to Zoltan or me. The income from the shop goes to 90% to our admin account and we will use this money to buy new products to rent or sell.
There is however also a market fee. 10% of all the proceeds of the shop will be burnt! So each time you buy or rent something in the shop, you will actively help to reduce the LEN supply and increase its value.
Since we process all orders manually, we need to be able to access the products quickly, and therefore at the moment, we can't feature products from other people. Maybe this will become an option in the future. First, we need however to make sure that the shop works as planned.
## Liotes
A project run by @ph1102 and @achim03
### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Whitepaper](https://liotes.com/docs/Liotes_Whitepaper.pdf)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
For the Liotes project it is actually quite important to know what your favourite tribes are. This helps to direct our staking and curation activity. That is why we would like to know your personal ranking regarding Tribes.
> What is a Hive Engine Tribe? It's a hive engine token that you can stake and that you can earn while using a specific front-end for this tribe and token. Some examples: LEO, CTP, POB, VIBES, CENT, SPT, SPORT, ALIVE,...
## Today's challenge
We would like to know the top 5 of your favourite Tribes. Please rank these tribes in the order of your preference.
Write your ranking as a comment below this post, but do it on Hive for easier tracking... https://peakd.com/hive-150329/@liotes/kdcuigay
## The Liotes Mission
By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the [Liotes Ranking](https://docs.google.com/spreadsheets/d/e/2PACX-1vT15H8Ix01KrjfmHfMIkCfYKvVlavUhH3ydg8zTlVKSP2_E_z2s4DH7czR3PdX_qBmd2e-Os13AH7UD/pubhtml?gid=0&single=true).
People who submit a complete ranking (1 to 5) will get 5 credits.
We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
We are very happy to announce that after @solymi and @pixiepost we have now 3 Wind Maker on Liotes. This week @horstman5 managed to pass the bar of 100 points in the [Liotes Ranking](https://docs.google.com/spreadsheets/d/e/2PACX-1vT15H8Ix01KrjfmHfMIkCfYKvVlavUhH3ydg8zTlVKSP2_E_z2s4DH7czR3PdX_qBmd2e-Os13AH7UD/pubhtml?gid=0&single=true) that has been updated today. He now has the title of Wind Maker.
We will send him 5 LEN tokens as rewards for reaching this rank and he will also get a higher priority in our curation trails.
Congratulations!
## Next in line to become Wind Makers
More and more people are getting close to reaching 100 points. The next in line is @idiosyncratic1 with 94.8 points. Then comes @jongolson with 90.9 points just before @jfang003 with 88.4 points.
Let's see if we have some more Wind Makers by the end of next week!
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
On Mondays we look at the numbers of the liotes project. You can find the detailed numbers of this week in the video.
## Almost complete supply burnt
We have burnt 916 LEN tokens this week. We had burnt a bit more tokens the previous weeks and therefore we burnt a bit less this week. In average, we manage to burn the complete supply of LEN tokens. There are between 7500 and 8500 LEN tokens in circulation.
## The Liotes Wealth Machine
The Liotes project is built around the Liotes Fund. All the income that was generated through the sale of Liotes Mills went into this fund. We then rent the Hive Power of this fund out to other projects that pay us interests. These interests are then used for several aspects:
50% are used to increase the secondary layer income sources
25% are used to buy back LEN tokens in order to burn them
25% of the interests go back into the Liotes fund
### The secondary layer income sources are getting more and more interesting
We have quite a lot of secondary layer income sources and most of them are generating income by themselves through curation or through mining. 10% of this income is actually reinvested in the Liotes fund.
### The Liotes fund is growing
As you can see, the Liotes fund has several income sources even if no new LENM tokens are sold. In addition to that, there is the organic interest on Hive Power that is around 3.2%.
Since the beginning of the project about 3 months ago (bearing in mind that during the first days there was no income generated), the Liotes fund has grown at a rate of about 10% APR. There are now around 570 more Hive Power in the fund than 3 months ago.
### The income that starts to compound
Now we have these 570 Hive Power and we lease them out as well and they generate income that is distributed in the same way. That is how the income is compounding and over time this will take more and more speed. It may become very interesting to own LENM and LEN in the future...
## Cheap untamed packs in the Liotes shop
Before the Untamed Splinterland packs were sold out, @ph1102 and me decided to buy a big amount of them in order to sell them in the shop for a good price. We sell them at the moment for 2.19$. Don't forget that when you buy stuff in the shop you are also helping the Liotes ecosystem because 10% of your LEN purchase will be burnt!
---
### Liotes
A project run by @ph1102 and @achim03
#### Resources
- [Website](https://liotes.com/)
- [Hive account](https://peakd.com/@liotes)
- [Liotes Online Shop](https://liotes.com/index.php/shop/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)