HiveComb

Since the birth of LEO token every owner of the token has had a particular problem. We love LEO tokens, we stake, power up or hold to make it worth more. When we need money to do something positive or see a profitable investment opportunity we have to find a way to get money. The only way we have is to sell some LEO tokens. Many times when people sell their LEO token it is not because they don't like the LEO token anymore but because they need to raise money to do something new. They still believe in the LEO token, they just want to sell a little to get money to invest in other things. Many have been forced to want to sell their token.

This is what Leostrategy is trying to address. They're trying to fix this and provide a service where you can borrow against your LEO. This is where ACE comes in and assist with the lending aspect of what Leostrategy is doing.

ACE is not just another token that the Leostrategy team is trying to dump on the community. ACE is the core of LEO Lending. This implies that those that have LEO can leverage their token for liquidity, without losing it. LEO token owners can have liquidity without having to sell their LEO tokens. They can use their LEO tokens to borrow cash while still retain ownership of their LEO tokens. ACE plays a crucial role in LEO Lending and for LEO token owners.

This is massive because Hive has never had a lending protocol specific to a community token. This isn't some DeFi application they brought to Hive. It was built specifically to address a long standing issue within the LEO ecosystem. This has been a problem for years and now we have a tailored solution for the community token.

LEO lending will be provided in a tier order, like this so that it will be easy for everyone to operate with. The amount of money people will be able to borrow will be determined by their ACE.

At the top, we have the High Rollers. These are individuals with 50,000 ACE. They are able to borrow up to $50,000. And their interest rate is 4%.

The next one is VIP. VIP has 10,000 ACE. VIP people can borrow up to $30,000. The interest rate is 5% on their loans. Then there is Shark, which is 2,500 ACE. Shark people can borrow up to $16,000. The interest rate is 6% on their loans.

For people with smaller amount of ACE, the Raise tier needs 509 ACE with borrowing access up to $8,000 with an interest rate of 7%. Then the lowest tier Ante requires just 100 ACE and borrowing entry level access of $2,000 at 8% interest rate.

LEO Lending is going to change the way we interact with LEO. That’s a good thing because people don’t have to sell LEO to get some cash. If people are able to get cash without selling LEO, then the LEO ecosystem will become healthier, more robust, and can handle issues. This means LEO can continue to improve over time. That’s why LEO Lending is important.

It is also useful to mention at this point when the system will go live for everyone. This is set to be when the ACE presale has sold out. This is the best way to ensure there is enough liquidity in the system from the beginning. It also plays a role in giving those who were early on to the project a level of input in terms of the system. Participation in the ACE presale is not simply buying a token, it is supporting the token on which the LEO lending system is based.

Posted Using INLEO