How does the Leo Backed Investments works, I just noticed it for the first time in Leodex
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How does the Leo Backed Investments works, I just noticed it for the first time in Leodex
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Good question I am curious about @lbi-token also, I have found this page by @scooter77 perhaps they can help.
Did you clear all of your doubts regarding it? If not , let us know we will help you out.
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Ok, I'll try to check more about it for full understanding, thank you
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It is a token that started being sold for 1 LEO. It is now 1.1 LEO for each LBI.
The tokens are part of a fund that looks to grow over time, increasing the value of the tokens. Since it started about 2 months ago, the value is up to 1.05 LEO per LBI token. That is an increase of about 25% annually.
Over time, as the fund gets larger, it enables investment in different things, increasing the return.
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So can we say it is related to a burnt Leo token to make the value higher?
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In theory. But there are a lot of tokens that are burnt that keep doing down in value.
Leo is going to appreciate from the activity, there is no real need to burn it.
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burning tokens is not always the solution to make a token price rise...just like you said,there are many tokens that are burnt regularly and the price did not grow....there are other ways that could make a token grow....not burning is the only way...@taskmaster4450le
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People need to focus upon growth.
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Sure, Leo will keep appreciating. I have learnt more about the LBI, and I will love to be a part of it
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wow thanks for this great information...
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You need not buy it from the HE market . Just send LEO directly to @lbi-token to get LBI back .
1.1 LEO = 1 LBI at the moment .
All the LEO is staked and curated + they also post contents which earn LEO . The dividends aren't being paid yet but they will be in future .
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They also post content which earn leo
Meaning, when I create with LBI, it's possible I get Leo token rewards?
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No. LBI is the name of a token and not a community/tribe. The primary focus of LBI is in the LEO community so it posts there to generate LEO. This LEO, along with the curated LEO, will then be partially staked and the rest as dividends to the token holders.
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Means when you buy and hold LBI you will get LEO dividends ( the community voted for postponing of the leo dividends payment to holders in order to build a strong LEO foundation for the @lbi-token account ) .
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Just like being a shareholder in a company
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By getting LBI you are effectively buying into a fund whereby the value of the LBI token is backed by activity that earns LEO.
So you have people curating and posting each day which generates LEO for LBI. These tokens are then staked, for more curation returns, or invested elsewhere, such as the upcoming project with CubFinance.
As a token holder, you benefit from that.
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@taskmaster4450le so it means that buying the LBI token is a smart thing to do because you can use that to be earning the wonderful LEO token too....
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It automates the earning process. LBI combines activity with passive investing to grow the value of the tokens.
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which is the best way to grow the LEO token..
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You got it right . If you plan to earn LEO for a long time then buying and holding LBI will be a smart option.
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Wow, it is good to make enquiries, I would have watched these opportunity by pass
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You can learn a lot about Hive and Leo simply by reading comments and following what is suggested.
There is obviously a lot of wisdom in Leofinance posts but we try to add to it in the comment section.
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It is a dividend token. Let's just say in the future you will be getting LEO back passively for doing nothing. Right now the holders of the token voted to postpone payments to build the fund. When it does pay out in the future, I believe it should be weekly and half of the LEO earned will go to power up the account and the other half to the token holders.
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Oh, this sounds really great. It's just like saving ahead at workplace for retirement.
I should be a part of this
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There are a few more other tokens that also act as a dividend token such as SPI, EDS, DHEDGE, BRO, UTOPIS and more.
However I think LBI is the best choice if you are bullish about LEO. You invest in LEO and get paid back dividends in LEO. If LEO moons, you can bet your LBI and dividends will also moon.
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Thank you very mush
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What is leo backed investments about??
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It is similar to SPI which is get rich slowly but for LEO. You can find more about SPI at this article.
Basically you invest LEO now and you get a constant flow of LEO in the future. It is meant for long-term investing.
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I'm part of it and I assume you, it's a very good way of saving and earning.
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Yes, I have better understanding of it now, it's really a plan ahead of future thing..
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