BTC Fund

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Today in the Liotes News:

  • We have started a BTC fund for Liotes
  • Does the Bro drama affect Liotes ?

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Liotes

A project run by @ph1102 and @achim03

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13 comments

At the moment there are 162 LEN tokens in the prize pot for the Liotes Power Challenge 2025.

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Being diversified is always a good thing and BTC is more stable. This is if a crypto can be stable.

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This is if a crypto can be stable.

Well, I believe it's probably the most stable out there if not a stablecoin šŸ˜„

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Investing in Bitcoin is always a good idea.

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We think so too :-)

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Diversification is a sound financial move. :)

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Exactly, it's certainly not bad to have some sort of diversification.

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Thanks for sharing! Let's see how the BTC fund pans out!

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It will probably grow quite slowly but I believe it's a good step to diversify our assets a bit.

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I only just went through the main discord channels for the entire BRO drama and I'm pretty shocked. That was one of the oldest communities on HIVE!

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It's kind of scary to read through their channels... Who has taken over???

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Nice move! I like your decision.

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Thanks for the feed-back!

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I think that is a good choice. BTC is known to be a good asset, and it will help the value of liotes when Hive price is dropping. As for the BRO drama, I saw it and I think its a shitshow. I sold off my BRO and left the rest alone.

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As for the BRO drama, I saw it and I think its a shitshow.

When you look at their discord you can't help but feel like that...

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too bad that we see another Hive project going down. and thank you so much for both of you hard work and dedication to keep LIotes project going and strong.
having BTC on our backing is a great move.

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It's a pity to witness the dissolution of the bro community. It's not good for hive and not good for other hive-engine projects like ours...

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Interesting. I never thought about BTC being a backup on a second layer. I support it.
Maybe it could also be a stable coin. HBD? Do you think it's too risky? Because Hive Blockchain? šŸ˜Ž

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We are building some HBD as well, mainly to cover server costs. We wanted to have a token that is unrelated to hive and offers a certain stability without being a stable coin. We believe BTC is the obvious choice :-)

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Right! šŸ‘ But it's fallen...

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Finding a way to turn some of Liotes' Hive into BTC via Swap.BTC seems like a good idea, a nice hedge at the very least. šŸ˜Ž
!BBH
!ALIVE

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We saw what are the repercussions of having swap.btc in rewards of the LEN:LENM pool. It pulls the whole APR up in times when Hive prices sink. We believe it will have the same effect with our general assets, even if the position will be rather small.

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Indeed. I tend to sell off my SWAP.BTC rewards, partly because you need 0.01 SWAP.BTC before you can withdraw BTC from Hive-Engine whereas it is possible to withdraw small quantities of SWAP.LTC as LTC. However, it might be a better strategy to let SWAP.BTC accumulate precisely to act as a hedge. šŸ¤”
!BBH
!ALIVE

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ya, its sad what has transpired in bro community.
Bro and LGN are part of my 2025 yearly goals, which have now gone in drain. Today, i removed the hive delegations too.
Anyways, things happen. Moving on...

On another note, I hope everyone on liotes community are aware that index token has also closed and there is currently a buyback offer of 0.45 per token. In case anyone has them, now is the time to sell it.

Ok coming back to liotes.
creating a new fund, is a good idea. Initially i thought it will be outside of Hive / Hive-engine. but swap.btc also works.

Looking forward to the ranking goodies :-)

Have a nice week ahead.

!BBH
!ALIVE

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Bro and LGN are part of my 2025 yearly goals, which have now gone in drain.

I'm sorry to hear that man. Hope your losses aren't too big.

On another note, I hope everyone on liotes community are aware that index token has also closed and there is currently a buyback offer of 0.45 per token. In case anyone has them, now is the time to sell it.

Thanks for the info. I will check my bags :-)

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Thanks for the news.

!ALIVE
!BBH
!WINE

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You are welcome!

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