We made it into the top 60 !

Transcript

Hello and welcome to another edition of the Laotis News. So every Monday we create such an edition of the Laotis News to keep you up to date about what is going on with the project, what we're working on. And today, I would like to talk a little bit about the Hive Witness node that Laotis is running, and we have good news because it's... about the first time that we managed to get into the top 60 of the Hive witnesses. So, if we look at the ranking here on Peak D, we see that we are in position 62, but there are three witnesses that are disconnected before us, so this means that effectively we are in rank 59, meaning top 60. Unfortunately, with the decreasing hive prices, the income from this has been kind of offset with increased rank. So if we look at the income that this hive witness generates, so this is primersion earnings, and in the last week we managed to get 114 hive power. meaning 6.86 dollars worth of token, which is about $25. And our server costs around $26 a month, so we are almost breaking even. But the interesting thing is, if we look again at this graph, is that if we climb just a couple of ranks, we suddenly get much more income than to... just cover the cost, so we just need to climb a couple of ranks to become profitable. So it's a nice step and Of course, this is important for us. It's also important for you, because the better we rank, the more money stays in the project, because we take only out what the server exactly costs. So if we spend more than we get in, then actually we make the whole project makes a small deficit, but if we manage to go above that, then the money stays in the project. So this is positive for everybody who owns Lyotes Mills or Lightest token in general. Also, let's go through the numbers of this week, so the Lyotis Fund has grown by 211 hive power. Everything's delegated out to the Lyotis voter. If you stake Lyotis Mills, you get the return of about 17.5%, and in the diesel pool, the APR went up to 24 .6%. We have increased BTC fonts by a big amount of 7,890 Satoshis. We actually had some tokens that we decided to liquidate, and this allows us to make quite a big jump in this week. On the Lyotus Voter account, there are 210 ,000 hive power that are upvoting content, and 300 Lent tokens have been burned this week. Also, the Lyotis ranking has been updated, There is somebody very close to becoming a hurricane overlord, but, no, sorry, not yet there. So somebody is becoming a Leo Most as a citizen very soon. No hurricane overlord yet, but there are some people who are developing quite fast in this respect. Check out the ranking with the link below, and make sure to rank well, especially at the end of the month, because that's when the prize money is due. So, if you have any questions, feel free to ask them in the comment section, and see you soon for another Laiote's video. Bye-bye!

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