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.
Ok, folks it's been an ok week, earnings are ok. Right now as i write, im waiting for pCUB to be launched, it's already been delayed and we're waiting just for it to launch now.
Let me see, HIVE earnings are down a touch this week because the price of LEO has increased some as people been snapping it up to convert to pLEO. Everything else looks about the same as last week. CUBlife earned more as the price of CUB increased by 50%.
No changes happened, everything is pretty much the same as last week. We are starting to look like a fancy curation trial that produces content and not much else but most people are happy with this. Anyways, the numbers talk for themselves and nothing was changed from last week so there's not much i can update on.
Im sure next week after this pCUB has launched, i'll have something to talk about. Not a big fan of the 90 day thing, infact it's very discouraging to me to be honest but it might work. Righto, have a great weekend everyone and may your bags pump, im off back to the discord server as it's almost go time and i dont wanna miss it. lol
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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I have a feeling next week will be even better.
Polycub is going to help a great deal I would guess.
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Well, remember, if LEO goes up versus our "outside" investments, the LBI price in LEO will go down. Our $ value will rise but the "returns" will fall as the percentage of outside value will decrease compared to LEO.
Not that I care. I mean I'll be thrilled if LEO goes back over $1. I'm just saying the 1.6 will drop substantially.
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This is true, im hoping to convert alot of our bCUB holding back into LEO at the end of the current bullrun if the bubble has not already popped that is.
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Decent week it was. Slow and steady. Nice one with increase in cub price. Looking forward to next week report to see the impact of PolyCub on LBI holdings
Yeah, we might have to rethink the whole 255k staked LEO thing with what's happening on PolyCub right now. We should probably be in the pleo/matic pool making a million percent returns for a while. Not with all of it, obviously, but a chunk anyway. Hard to beat those returns.
That said, if PolyCUB becomes a success, there will be other opportunities down the road with Avalanche, ThorChain, Terra, etc., so it's not like there won't be other opportunities.
Also, I think you could see a fairly significant supply crunch on LEO in the not-too-distant future so there's a legitimate chance that rises as well. That would definitely put a big dent in the LBI price in LEO but the $ value would obviously go up.
We'll see. It feels like we're in a good position regardless.
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I am not really sure about the 90 day thing so I decided to just invest in the xPolyCub thing instead. I am planning to just use the airdrop but I think it's fine with the free money from PolyCub.
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Very good report. But I couldn't see what the dividend % was?
How do we join the fund?
There is no 90 day lock on the xPolycub so just holding that and earning yield rewards plus penalty fees (which seem to be a lot and are not part of the APY shown) is pretty amazing. Taking the rewards from the pLEO pool and claim that with penalty fees is still extremely more rewarding than actually holding for 90 days due to the high APR. This will change over time but until then LBI will hopefully own a nice stake in xPolycub. Some yield of that can be used to buy LEO and grow the pool position.