Airdrop or Slowdrop

in LeoFinancelast year (edited)

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We have said many times here on Liotes how our tokenomics is working and also what are the good sides and the bad sides of having a token on Hive-Engine... I have to admit that I saw many tokens there that have "changed the rules" many times... I'm talking about changing some fundamental things about the token, like the supply and distribution of tokens... The second one isn't that big problem if you change distribution but keep the same amount of minted tokens per day (for example)...

The problem is when token creators start to mint (print) additional tokens, just because they need some money... By doing that they are killing their own tokenomics (if it existed at all), doing big harm for those loyal and honest investors that have bought, or worked out their tokens during the past... I saw that many times, and unfortunately, I'm still seeing that... In the end, people are asking why their token is losing so much value? The answer is simple: If one hand is burning 1000 tokens, and the other one is minting 10K, what do you think where the price will go?

On Liotes, we have 2 tokens... A miner token, LENM which are "producing" LEN tokens... When some token is launched the creators have few options on how to distribute them... One of them is doing an airdrop, which means that INITIAL tokens are distributed according to some rule... For example, every LEO token holder receives an X amount of the new token...

The other way is what I have named "Slowdrop" where there are no previously distributed tokens and the token starts from ZERO... We are proud to say that EVERY single LEN token is created by STAKED Liotes Miners (LENM)! In that way, the game is fair and the early supporters (you) are rewarded the most...

Check out the video for more pros and cons about these two ways of distributing tokens...


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I agree. Well, I understand at least enough tokenomics that it seems logical to me that the number of tokens depends on how many miners produce them. If that is not the case, then everything goes somewhere where the project should not be. So, yes I support your slowdrop. :)
I hodl LENs but also sold some.

Thanks for the support... Everyone can do whatever it wants with its tokens... They are yours and you can sell, hold, or whatever you want... We are here to be prepared and to deliver value... ;)

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The slow-drop is not as exciting and is almost boring in the distribution of tokens. However it is fair and more people can choose to be part of that drop if they so choose. The quick-drop is more for rewarding a population of supports that will drastically change after the quick-drop occurs. This rewards holders of that token is a quick fashion.

Indeed... Airdrops are great to raise awareness, but they can back quickly back onto the project... Slow and steady is still our favorite way of doing... ;)

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@darmst5339, you've been given LUV from @ph1102.

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There has already been too much ENGAGE today.

Yes. This is one of the main things that drew me to Liotes at the beginning. !LUV that you guys continue to stick to it.

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Thank you for your support! We are always trying to keep the game fair and to rewards early supporters!

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@horstman5, you've been given LUV from @ph1102.

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Slowly but surely, Long live Liotes >< Hope it can bring more fortune in the future.

We hope, too! It's important to go forward and to keep pace, without losing value... that's the plan...

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There has already been too much ENGAGE today.

I've been staking them from the beginning and just HODLing both the miners and the tokens. I'm saving up for when you get some juicy offerings on your market. I like what you're doing and enjoy reading your posts. As HIVE continues to grow, I really feel like you guys are going to grow with it and will part of the ecosystem for a long time to come. Can't wait to see where you take this. :-)

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I'm saving up for when you get some juicy offerings on your market.

Hehehehe... Well, we hope we will deliver things that will reward HODLers and people from the community... ;)

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You already have. I bought one of your PLOTs for Splinterlands earlier this summer. Right before they took off in price. :-)

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@dagger212, you've been given LUV from @ph1102.

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