Written by @alexvan

Voting upon weekly dividends

Dear LBI holders,

another 3 months have passed since we had our last vote on the payout of weekly dividends.

As announced in the latest post regarding the next proposal round, according to the roadmap, we will proceed this month with the vote on the dividend payout.

Should LBI postpone weekly dividends for another 3 months?

Please comment either...

• YES
  or
• NO

Voting for this will last 1 week from the upload:

• Results will be uploaded the day after voting finishes
• If YES wins, we continue to reinvest 100% of earnings and vote again in 3 months
• If NO wins, we start paying dividends from the 1st of August

If yes wins, we can review our position in 3 months. The longer the dividend payment is held off, the stronger the foundation is for the project, as everything is reinvested.

If no wins, we will pay out LBIs first weekly dividend on the 1st of August. That would be 50% of earnings to be split up between token holders, 40% going to reinvestment and 10% going to the @spinvest-leo for @@@silverstackeruk's services.

Voting Weights

LBI governance voting is based on weighted voting tiers dependent on your LBI holding. We have 5 tiers ranging from 10 tokens worth 1 vote to 10k+ worth 5 votes.

1/ 10-99 LBIs will earn a vote equal to 1
2/ 100-499 LBIs will earn a vote equal to 2
3/ 500-2,499 LBIs will earn a vote equal to 3
4/ 2,500-9,999 LBIs will earn a vote equal to 4
5/ 10,000+ LBIs will earn a vote equal to 5

Please keep in mind that only the votes of LBI holders are valid.

Thank you