Liotes News – When Hive Engine tokens are losing value

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    liotes

    Published on Sep 13, 2021
    About :

    With Hive prices going up during the last weeks, hive-engine tokens lost value in respect to hive. Be it for LEO, CTP, POB or VIBES, they are all in the same boat. The Liotes project is invested in these tokens but even if they lose value, this doesn't affect the project.

    All the hive from sales of LENM is powered up in the Liotes fund and delegated out to get dividends. It's these dividends that actually funded the investments in these Hive Engine tokens. These Hive Engine tokens are growing on their own and 10% of their return is invested back into the fund. If the prices of these tokens goes down, this means simply that the liotes fund is growing a little bit at a slower pace.

    We actually profited from these low prices to boost our holdings in LEO (+10%) and CTP (+3%) during the last week.

    More than full supply burnt

    Last week a lot of LEN tokens were sold back to us and it allowed us to burn more than the weekly supply and we could compensate a bit the previous weeks where we couldn't burn as much as we wanted.


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    Liotes

    A project run by @ph1102 and @achim03

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