In this post I would like to present you the magic of the Liotes project... When you buy LENM miners, you will get payouts in the LEN token (Liotes Energy). What is magic is that LEN token will gain value constantly over time… ## The Liotes Fund The central point of the project is the liotes fund. 100% of the sales of LENM that we make is put in this fund and powered up. The Hive Power on this account is then leased out and we get daily or weekly interest payments.  > 25% of all the interest payments will be dedicated to buy back LEN tokens. Let’s make an example: The liotes fund has 2000 Hive Power. It leases this Hive Power out at 10% APR. It gets 200 Hive in Interests payments which is around 4 Hive per week. 25% of this is used to buy the weekly supply of 1000 LEN which means that 1000 LEN would be worth 1 Hive.  Now let’s see what happens if the liotes fund has 20’000 Hive Power. With 10% APR, it would earn 2000 Hive interests. Which is around 40 Hive per week. This would mean that with 25% of this 1000 LEN would be worth 10 Hive. What you can see from these two examples is that if the fund doubles in size, so does the value of the LEN token.  > The more the fund grows, the more the value of the LEN token grows in a linear relation.  ## How does the fund grow? The liotes fund has several different income sources. All these income sources are added together to make the fund grow. ### Sales of LENM Whenever a LENM is sold on the market (only if it bought directly from liotes), the income will go 100% into the liotes fund ### 25% of all the earnings of the project are reinvested 25% of the interests generated by the project are reinvested in the fund. Like that the fund grows even if there are no new LENM sales ### Organic growth built in the hive blockchain Whenever you have Hive Powered up, this stake grows at a rate of about 3.2% per year. The fund will grow just thanks to that. ### Additional income sources 50% of the interests generated by the project will be used to develop additional income sources. These income sources will be developed one after the other until they are self-sustainably generating income. The biggest part of these income sources will be reinvested but 10% will be used to grow the fund. ## How will the buy back program work? There will be a constant supply of LEN tokens created by the LEN mills every week. We will leave a basic supply of about 5000 tokens on the blockchain. For all the tokens that will be above this threshold, we will create buy orders on the market. Every week we will cancel all remaining buy orders and with the new funds create new ones at the new price. The LEN tokens that are bought like that are all sent to @null. ## What is magic here? The Liotes Fund can only grow in value and there is a multiplication effect built in. The bigger the fund is, the faster it will grow. Since the size of the fund has a direct effect on the buy back price of the LEN token, the value of this token will grow in a linear relation to the fund size. At the beginning it's probable that LEN won't have that much value but it's value will grow over time in an accelerated fashion.

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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)

This week-end @ph1102 and me discussed the Liotes Ranking. We needed to implement a change for two reasons. First there is a growing inequality between people investing in the project and people only taking part in our Missions. The later collect more and more points for the ranking and we believe that this makes the Missions almost too interesting compared to the other ways to earn points for the ranking. Another thing that we realized is that there are some people who were active at the beginning of the project but haven't been seen for quite some time. They are still in the top 40 but actually they are not active anymore. The idea of the project is to support people who are posting stuff now. We therefore decided to introduce a decay for the credits earned in missions before 1.5.2022. I have tried to explain how it works in the video but I'm not 100% sure that I was successful. --- ### 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)

A couple of days ago @ph1102 posted a funny meme into the Liotes discord chat and it gave me an idea for this week's mission. Especially for our community, I believe that crypto takes a more and more important place in our assets and our savings. What part does crypto take in your overall assets? Is it 5%, 10% or maybe you have only crypto, so it would be 100%? Please give your answer as a comment below this post on Hive for easier following https://peakd.com/hive-167922/@liotes/oirafyqn ## 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 an answer will get 4 credits. Please do that on HIVE for easier following... Use this link to go there: https://peakd.com/hive-167922/@liotes/oirafyqn 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)

Last Monday we have asked you whether you would be interested to have the LEN token stakable on the [VFTlab Defi plaform](https://vftlab.finance/). The feed-back that we got was mostly in favour of it. It would be one additional use case for the LEN token. ## Let's vote for LEN What has to be said about this is that it's not in our control whether this will happen or not. It's a [governance question](https://peakd.com/musicforlife/@al-gaming/m4l-get-your-favorite-coin-on-vftlab) of the people who run the musicforlife platform. To be able to put LEN on VFTlab, we actually need to vote for it. ### How to vote Each person can cast one vote by sending 1 Vibes token to the account @burnthevibes and giving the token that they want to vote for (LEN) in the memo. Votes have to be cast until 22.5.2021. The tokens sent will be burnt. At the moment there are two tokens in the race: LEN with about 5 votes and Pizza with about 10 votes. You can check the votes with [this link](https://he.dtools.dev/@burnthevibes?symbol=VIBES). We need to beat the pizza :-) ## 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). ### Today's challenge To take part in the challenge you simply have to answer as a comment to this post whether you are in favour of LEN being on VFTlab or not. It's as simple as that. For answering this question, you will get 3 credits. If you vote for the LEN token by sending 1 VIBES token to @burnthevibes with the memo LEN before the 22.5.2021, you will get 3 additional bonus 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. If you vote after the deadline, you won't get any bonus credits. ------ ### 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)