This week we had @empoderat raise the idea of launching a token that would basically rely on his trading skills. A majority of the tokens have something tangible being part of something, but this is really different and think it is a great opportunity. Here is his post here if you haven't read it. Deeper dive into [insert name] tokenomics.
On Leofinance we have so many talented individuals and this is a prime example and we are privileged in so many ways to be offered this opportunity. That is how I feel anyway as this kind of thing just doesn't happen and I compare it to investing in a business that is opening up that already has a proven track record.
The only thing I can compare it to is LBI which is still very different to this concept. I got involved with LBI because I liked the idea of someone doing the hard yards using their knowledge to grow the value. We have seen LBI go from strength to strength as the price has grown fairly rapidly considering the investments are all in house on the Hive blockchain using every opportunity.
The difference with empoderat is this is going to be external outside of Hive using his trading skills which opens things up far more. When I read his post about launching a token my eyes lit up as his track record is amazing on what he has achieved in such a short period of time. Anyone who can go from very little to over a million dollars is someone worth backing.
Backing the individual is something I firmly believe in and this is a prime example. I am surprised there aren't more doing this as there would be plenty of investors willing to go along for the ride. We have so many talented individuals in Leofinance this may be the first of many such tokens and I really hope it triggers a new wave or trend in this direction. Donkey Finance are doing something similar on DeFi where you back a certain trader and share in the rewards but that is the only tokens I can really compare to what is being thought of here.
I think what I like about this is the idea is to use HBD as the value of the token and that is another use case for our "stable coin". I think backing someone who has already achieved so much is a no brainer as to learn the skills that empoderat already has takes time and not everyone can master trading.
I firmly believe if you have achieved something once then achieving it again is far easier as you know how to do it. Many traders have achieved success and lost it all only to come back stronger as they know the path to follow. I have no worries backing anyone who has a set of skills to succeed and for me this makes thing smore fun as this is so different to any other investment I have been involved with.