So last week, I put out a post looking for feedback from LBI token holders. The fund holds close to 40K of its own token, which were bought back off holders wishing to sell out. Since then, we have moved to new admin, and a plan for those tokens is needed.
I thank 
Pretty much everyone was either in favor of burning the tokens, or holding them to be revisited in the future. Over the course of the week, I have considered these views, and have come to a conclusion that I don't really think will upset too many people.
# I want to burn them all.
Here is why:
This caps supply, meaning there are no tokens that can enter supply and dilute anyone's share of the fund.
While those tokens are in circulation, there is always doubt that they could be used to disadvantage existing holders.
We have a decent sized fund, (Worth over $20K USD) and almost 200K circulating supply. Trying to raise more funds should not really be necessary.
The revamp plans include a small weekly "buy back and burn". Why bother with that if we are just going to add to supply in other ways?
Net asset backing per token can steadily climb, if assets grow each week and token supply slowly declines, the value per token can grow faster.
It just removes a layer of uncertainty.
So, here goes -
And, now they are gone.
Thank you to all who gave feedback. Even if you would have preferred they were held on to, I hope you are ok with this outcome.
Now I would like to formally request 
Once 
So there you go, LBI has just burnt over 15% of our token supply, and hard capped the supply of LBI. Slowly over time, a small number of tokens will be bought and burned each week, slowly but steadily pushing the LBI Asset Backed Value up.
Thanks for checking out this post
Cheers,
JK
To learn more about what LBI has been doing lately, here are some more posts that may interest you:
