Welcome to this weeks LBI token earnings and holding post
What is LBI?
The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
Earnings this week are consistent with what thy have been for a long time now. Leo.voter take top stop this week with over 300 LEO earned, HIVE content came in 2nd with 138 LEO and LEO curation 3rd with 138 LEO. I notice HIVE content is always one of our top earners and most weeks and most weeks we only upload 1 post. We're missing out on alot of potential income by not posting content like we used to. Top income this week was worth 808 LEO.
All our main HIVE wallet holdings have increased a little bit this week. We hold around 450 more LEO, 60is more HP and a few HBD. I still plan to burn all the LBI tokens we are holding but would like to offer another buy back before doing so. This time round, i'll be using funds from our non HIVE wallet to do these buy backs. When? im not in any hurry so within the next 2 weeks. I will announce it in a weekly report.
Non-HIVE holdings have performed well this week as the crypto market got a nice boost a few days back. I converted CUB harvests into BTC as always and thats about all. I plan to eat into the HBD/BUSD LP to fund the coming buyback.
Overall, another standard week. It's hard to get any traction going with this account. When it happens, it happens but needs LEO's price to do something positive. The LBI token price increased to 3.13 LEO this week, this is due to the crypto market increasing and our non-HIVE holding being worth more LEO. Its been a crazy ride from #51 shown on the price chart to now. We mooned for a few months, dropped for a few months and have been clawing it back since. Nice to see us over the 3 LEO mark again.
Thanks for taking the time to check out this weeks report, have a great week.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
There are two things we need to address :
We need to find authors - maybe let's create a post encouraging people to write articles for LBI in return for a share of this article payout. Even if we did 50-50 we still be on the positive side of the ledger because now we earn nought from this content. I guess there would be few people interested in such collab.
The second thing is
I don't think that anything positive would come out of Leo's current engagement. I wish nothing but the best for them and me, but i don't see these spam zealy campaigns bring any good. On the other hand there's one thing we can do - make Leofinance team do something about CUB.
I think, the LBI has enough of Leos and CUBs to influence Khal to deliver.
I'm sure you all know, that Multi Token Bridge has been switched off with their arbitrage (no cub burns). This is one thing, the other is they have depended bHBD of HBD and put all into HBD savings.
What will happen to interests made out of it? Nobody knows.
Let's make them tell the community what are they going to do with that money (made out of our money).
The current situation puts whole project ar risk because a significant part of our wallet (bHBD) is backed by nothing against what's stated in the white paper
@taskmaster4450 @silverstackeruk
This is my last post about it
https://hive.blog/hive-167922/@jocieprosza/cubathy-do-you-have-any-bhbd-or-cub
I agree on the content. LBI get decent earnings and 50/50 sounds pretty fair.
There's little they can do with CUB, the only thing they can do is launch another one. LBI has zero influence with Khal, he knows LBI exists but has never dropped a comment on any post. Well, 1 post when i wrote about LEO's 45% inflation for 2022.
So bHBD are not pegged to 1 HBD? I never knew about that.
Thanks for your feedback, i wish i had 20 other investors like you in LBI.
Me neither, until I read this post by @lordbutterfly
https://hive.blog/hive-167922/@lordbutterfly/splinterlands-dao-500k-hbd-purchase-proposal-not-passing
Despite docs at Cubdefi.com still claiming it's pegged 1:1. When I contacted the team they all claimed hbd gets repegged when new MTB will be set up.
I don't think this is how how SocialFi should look like. LBI is a major stakeholder, so it should be heard (at least). Additionally, you are followed by other major ones. What if we, the LBI, decided to sell all our Leo and bHBD tokens? This would certainly mess with their plans. I guess this all entitles us ti receive answers and public obligations - I'd love Khal to promise the HBD interests to be used into cub arbitration mechanism or simply to burn cub.
https://wallet.hive.blog/@bnb-hbd/transfers
I have done posting for some other projects with an 80/20 split in favor of the author. Even 20% is a bonus for the program, so consider that.
Also, I have an app which may be off interest, where authors can login with twitter account and submit posts, you as an editor can chose to edit and/or publish with the posting key (keychain) at your convenience, therefore not sharing any keys.
https://crypto-dreamr.com/Auth
The beta version is live right now if you are interested in helping us test it.