For this mission, I wanted to make a video to explain things in more details but since 3speak isn't working, I will need to put everything in a written post. Before explaining what is the mission of this week, I will first try to explain, why we are doing this mission.
With liotes, we are working on an onboarding process. The idea is to bring people to hive without even speaking about content creation, curation or voting. We want to promote a side of hive that is actually pretty cool, which is to earn passive income. To do that, we will promote the Liotes ecosystem. Let me line out the concept in a nutshell:
Step 1: Students learn how to earn some coins online
Step 2: They learn how to bring these coins to hive
Step 3: They invest their coins into the Liotes ecosystem and build several passive income streams
This process will come in the form of an online course that people can join for free.
The mission today is to test together with you the programs of step 1 where people can earn some coins online.
First of all, we don't build this process for ideological reasons but because we believe that it will add value to the Liotes project. Our objectives are the following:
Let me try to show you for each step how we want to realize these objectives:
For step 1: we ask people to sign up to websites that have a referral program. Every person that signs up using our referral links will not only earn crypto themselves, they will also generate commissions that are paid to us from the websites. These referral commissions will then be used to fund an account. It will purchase Hive, power it up and delegate it to the liotes.voter. This in return will generate dividends that will be used to fill the reward pool of the diesel pool LEN:LENM. This means that every person that will claim from a faucet or a ptc add, will contribute to grow this pot and the bigger the pot, the more we will be able to put in the reward pool. The APR of the diesel pool will go up. This will increase demand for LEN and LENM and could drive prices up.
For step 2: Users will bring their crypto to Hive and exchange them for Hive. We will encourage them to purchase hive and power it up in the first place. Then we propose that they delegate their hive power to liotes.voter. Like that, they will have two passive income streams: the organic growth of the hive power and the daily dividends in LEN tokens. This will grow the voting power of the liotes.voter and in addition it will generate buy pressure for Hive. It will probably not be big amounts but nevertheless, it will bring external money to hive.
For step 3: Once they delegate their Hive Power to liotes.voter, they will get daily dividends in the form of LEN tokens. We then encourage them to pair these LEN tokens with LENM and provide liquidity in the according diesel pool. By doing so they will create an additional passive income stream for themselves and it will increase the demand for both tokens and increase the liquidity for the diesel pool. It will also generate fees in the diesel pool and probably also arbitrage opportunities that might lead to more LENM sales.
For the project, all this will have positive side effects. It will increase the demand for our tokens and should push the APR for both diesel pool and staking LENM up. In addition to that, it will allow to create some buy pressure on hive and maybe push the price a bit up. However, we can't really evaluate how big the effect will be and that is why we need to do some tests and we need your help for that.
In this liotes mission, we would like to ask you to sign up with one or more of the following websites. Each website allows you to earn crypto by doing simple tasks. When you sign up using the links provided, which are our referral links, you will also generate referral commissions that will be paid to us from the websites directly. We want to see how much you can earn from these websites and how much referral commissions it generates for liotes.
For each website, we have created a tutorial that you can watch to learn more about the site. You might need to own crypto addresses to withdraw at a later time. In some instances, you can't use an exchange wallet. If you don't have any wallet, you can for example use trust wallet that comes with a big quantity of wallets in different coins. We made a tutorial about how to install and use trust wallet.
Firefaucet
Firefaucet Tutorial
Freebitcoin
Freebitcoin Tutorial
All the referral commissions earned this week, will go into the account that will fund the future diesel pool rewards
In addition to the credits for the Liotes ranking, next week, we will reward you according to how much effort you have put into being active on these websites by appreciating your comments.
By taking part in the Liotes missions, you can win credits that will help you to increase your score and your title in the Liotes Ranking.
People who submit an answer will get 3 credits for the Liotes ranking. If you submit more than 1 answer, you will not get more credits.
We are very grateful if you enter the challenge within 24 hours after the post is published. We will try to count entries up to 36 hours after publication.
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