Since I've joined this blockchain more than 3 years ago, I have always been confronted with one question: What is a good post?
In my experience, I think that this question isn't that easy to answer and I believe that it's not just black or white. There is a lot of subjectivity involved and we are very curious to know how you would define what a good post is.
You will get 2 credits for taking this challenge and 3 additional credits if your answer is more than just the bare minimum. 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.
We had a very busy week with Liotes. We have built the [Liotes shop](https://liotes.com/index.php/shop/) and it was more work than we expected. The shop is functionning and we had quite a lot of orders already. A big thanks to everybody who made an order in it!
## Solid week from a financial perspective
The project grows as planned on all levels. The liotes.fund is growing at a steady rate even if we haven't sold any new LENM this week. The secondary income sources have increased quite well and some are starting to be self sustainable.
## APR for LENM
For the first time, we decided to publish an APR for the LENM token. Since there is a probability component in the LENM tokens, this data can vary from one user to the other. We have based our calculations on the price of the LEN token today, the actual number of staked LENM tokens and also on a buy price for the LENM token of 4 hive.
Considering all this, we get an APR for LENM of 23%. This rate will probably fluctuate in the coming weeks but we are quite happy with it.
**Check the video for all the detailed numbers**
### 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)
I remember when I was 4 years ago at one Blockchain conference and the guy was explaining the difference between coins/tokens... The main two types were fungible tokens and NFTs (non-fungible tokens)... Back in the day, I think that Crypto-kitties was the first example and "use-case" for NFTs, but also, I think that IOTA was another one...
Anyways, a lot of things happened from that moment and it looks that NFTs needed that time to be more present and to got their space under the spotlight... Many people say that this is the peak moment of DeFi and NFTs and they are those who are running the show now and pushing cryptos to their new all-time highs...
I'm playing Splinterlands game for almost 3 years, I think, and I thought that I understood the meaning and the "point" of NFTs, but I was wrong... I have been limited to games and I was understanding NFTs through the "gaming glasses", which means that the VALUE of a certain card is determined by "characteristics" in the game... Is it a legendary card, is it epic, how much "life" it has, what attack has, what additional abilities does it have? In Splinterlands it is mostly like that, but that doesn't mean that the value of some other NFTs (not Splinterlands) have the same "measure" for value...
I couldn't understand why would someone spend dozens of thousands of dollars (or more) to buy an "ordinary JPEG" minted on the blockchain as NFT... Why the heck that? Where is the value of that NFT (except in the money that is spent for the purchase)? And then I watched an interesting video on YouTube where it just clicked... We need something to connect the dots... Something to connected that digital asset with the "real world"... And the perfect fit are social media websites... It's still a "work in progress", but they will be those who will add value to your NFTs...
Check out the video for more details, explanations, and thoughts... And sorry about the strong wind in the video...
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### 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)
In the [Liotes ranking](https://docs.google.com/spreadsheets/d/e/2PACX-1vT15H8Ix01KrjfmHfMIkCfYKvVlavUhH3ydg8zTlVKSP2_E_z2s4DH7czR3PdX_qBmd2e-Os13AH7UD/pubhtml?gid=0&single=true), the first users are getting very close to reach the first level which is Wind Maker. There are 3 people in the lead @pixiepost, @jongolson and @solymi. Who will be the first to reach 100 points and to become the first Wind Maker? Something that will be worth mentioning in the Liotes History books...
## How does the ranking work?
You can get points for the ranking in 3 different ways: You can stake LENM tokens, Delegate Hive Power to @liotes.voter and take part in Liotes missions that take place once a week.
## Why do you want to be ranked?
Being in this ranking comes with a lot of advantages. First of all the best ranked people in the ranking will see upvotes on their posts from the @liotes.voter account that upvotes with more than 13'000 hive power at the moment. The higher your title, the higher the upvotes will be!
If you reach a new title a one time prize money in the form of LEN tokens will be given to you. If you become a Wind Maker, you will get 5 LEN tokens.
### 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)
We were joking on discord about organizing a Liotes Meetup in real life and we realized that we didn't know where most people from the community were actually living. We know about some people but not about the ones the joined lately.
## The challenge of this week
The question is easy this week. In which country do you live? If you don't feel comfortable in saying it, check the video for possible alternatives ;-)
Write your answer as a comment below this post to take part in the Liotes Mission.
## 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 that on HIVE for easier following https://peakd.com/hive-119826/@liotes/recrnvpr
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.
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### 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 Hive you have several passive income opportunities. Among others, you can stake Hive and get curation rewards or you can put HBD into your savings account and get monthly interests for it.
What is your choice? Do you rather power up your hive or put your HBD into savings? Or maybe you do something totally different...
Simply write your answer as a comment to take part in the Liotes Mission. Please reply on this post on HIVE for easier following... Follow this link https://peakd.com/@liotes/cqhfvlun
## 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. Please reply on this post on HIVE for easier following... Follow this link https://peakd.com/@liotes/cqhfvlun
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### 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)
As you probably have noticed, we have started specific curation trails on different Liotes accounts for HIVE, and also for some tribes that we believe can perform well in the future... You can check out the post about our [additional income streams](https://leofinance.io/@liotes/project-liotes-the-income-streams), where we have explained how will we develop these curation accounts and how will earning be split... Also, you can check out the [first weekly report](https://leofinance.io/@liotes/ivkropqk) where you can find the current status on these curation accounts and the whole @liotes project...
Now, you probably understand why we have started the @liotes.LEO and @liotes.CTP curation accounts... Those tribes are directly "connected" to our niche, and probably ALL our content will be present there, which means that we will get not just curation rewards there, but also author rewards! We will invest most of those funds into our curation accounts and stake it!
The third curation account (at the moment) is the @liotes.vibes account and now we are coming to the question from the title... Why VIBES? In the video, I have tried to answer that question and get more details about why we made that decision...
One of the most important things is the community that existed even before the tribe creation... I don't know personally the creator of the tribe (@liuke96player), but I do know the "advisor" (Jux, creator of @risingstargame) very well...
Check out the video where I have discussed other positive points about VIBES...
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## 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)
When we started the Liotes project, we collected a lot of Hive during the first days of the launch sale. We then delegated this Hive Power over dlease mainly. After about 3 months, we have now some of these leases coming to the end. The offers on the dlease market at the moment are not that good and we decided to delegate a bigger part of the liotes.fund to @leo.voter which pays around 16% APR in LEO token.
We believe that LEO is quite cheap at the moment. So by delegating we would get a bigger quantity of LEO and this could be beneficial in the long term. We also decided to delegate some of the Hive power of the @liotes.fund to our own @liotes.voter.
## Double advantage
Since we pay about 12% APR on the delegations to the liotes.voter, we get about the same return as if we delegated on dlease but we have two advantages if we delegate to our own voter account. First of all, the @liotes.voter account is growing in Hive Power and can give more powerful upvotes to the members of our community. The second advantage is that contrary to dlease, the lease won't run out and stay unproductive for 5 days.
The income from this delegation being covered with the curation rewards that we generate, we believe that this will be a real improvement for our economy in the long term.
## The secondary layers are growing nicely
Even if we had a little bit less income from the primary investment layer, the secondary investments are progressing nicely. In one week our VIBES stake increased by 20%, the CTP stake by about 10% and the LEO stake by about 5%. This looks pretty good :-).
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### 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/product-category/to-rent/)
- [Discord Server](https://discord.gg/CGUEfVQ)
- [Lbry account](https://lbry.tv/@Liotes:a?r=EtCZhJxUES3qmfsNzxXkw17q9rzKx4tN)
How are you people of Liotes? I'm alive and I'm not kicked out from the planet! Those are good news, I hope... :) Jokes aside, I was on a 5-week vacation with a very bad Internet connection where I could do only basic stuff and very few vlogs... Also, you know how it goes when you are on a vacation, time is very limited so that's my other excuse for not showing too much...
But, it's not everything black or gray... Both of us were doing stuff during our vacation, but the rest was done by Liotes itself... This break showed us (and to our supporters) that our tokenomics works and those staked LENM tokens were working for you all the time without stopping... The same goes with your delegations to @liotes.voter as you have received your dividends every single day! All that worked perfectly in a sustainable way, and there is more...
It's not that the "machine" was working without too much messing around, but we have actually improved our staking power on all fields... As you already know, we have created separated tribe token accounts that are upvoting your posts in different communities (along with @liotes.voter)... On those accounts we are doing constant powering up, withdrawing only the part that is necessary for token stability... By doing that we have accomplished that in the last 5-6 weeks we have got higher on almost every rich list where we are having stake... So, we had sustainable tokenomics + we have grown our stake which will get us more curation rewards!
Check out the video for more details...
And sorry about those noisy bugs in the background...
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### 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 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 happy to announce the second person who has reached the title of Sirocco Bender! Congratulations to @seckorama for reaching this milestone. He gets a 20 LEN bonus!
In the [last Liotes Mission](https://peakd.com/hive-125125/@liotes/mbjyucwh), we had a additional incentive for the participants. Today we have distributed 1000 Ecency points among all the participants. Each of the 21 people who took part earned 50 points each. Thanks to @seckorama and @melinda010100 for providing these Ecency points.
Check out the video for more details
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### 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)