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 were decent at over 1000 LEO. Our top earner this week was HIE content, followed by leo.voter and LEO curation coming in 3rd. Our HP balance is currently contributing to over 50% of our income through leo.voter, curation and HP inflation.
We gained 500 liquid LEO this week and the rest of our income came in either HIVE or HBD. When we look at the LEO value of our HP balance, we can see that it is almost on par with our staked LEO balance. We got our HP balance for free from creating content and HP is only half the reward so its crazy to think its worth the same amount as our staked LEO.
In our non-HIVE wallets, i converted harvested CUB into BTC as i do each week. We have currently built up .0658 BTC worth 54k LEO which is not too bad for 6ish months of CUB harvests. Our stable LP is still the big daddy and it gained around 1k in LEO value this week.
The price of the LBI token increased this week to 3.26 LEO from 3.13 last week. This represents 28k in LEO value gains and brings the fund to being worth a total of 770k LEO. We'll hit a million someday.
Thanks for taking the time to read this weeks report.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
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