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.
Income this week has jumped to over 1000 LEO for the first time in a long time so that awesome to see. Top earners this week in order were HIVE content, leo.voter rewards and LEO curation. Would be cool if this became the new norm for us.
We increased our liquid LEO balance by around 400 LEO which is a little lower than normal but it all adds up. Our HP balance increased by a few as did our HBD balance.
Non-HIVE holdings performed well or us this week outperforming LEO's dip and adding as a hedge. I converted CUB harvests into BTC as i do each week. Its slow but each week we get a little closer to 0.1 BTC, this is the grind of dollar cost averaging.
We see the LBI token price increase this week to over 3 LEO each again and the total fund is worth over 700k LEO. It's been an interesting rider during 2023 and I hope during 2024, momentum will change course and we go from a bear to a bull market.
Thanks for taking the time to check out 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
another great report
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