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 is on par with last week. One thing I notice that has never happened before is that leo.voter was our top earner this week. You can see we have no curation rewards for Saturday and Thursday, the payments never arrived . Lets hope this was a small bug and its now fixed.
CUBlife has been doing good the past few weeks and its income for us has increased to be worth around 105 of our total LEO income.
Our liquid LEO balance has increased to over 5000 and i think i will be converting it to HIVE POWER and delegating it to leo.voter to increase are rewards more.
I sold UTOPIS off and was able to get 0.5 HIVE each for them which i thin is good considering they were trading for 0.1 HIVE a few months back. I hear that dividends are returning but the trust is gone already.
When we look at the % changes from last week, we see that everything is up. Our HP alone is up over 15k LEO compared to last week.
The price of CUB continues to decline, its currently sitting at 1.5 cent but rewards from my eye are about the same. I continue to convert all harvests into BTC and weekly DCA. BTC is up alot this last week and LEO is about the same so our BTC bag has increased in LEO value. Same again with this table, everything this week is up against LEO.
EMP has been on a run the past few weeks increasing by near 70% from its bottom. This is has our holding there increase alot and when we add in the recent ETH price surge, EMP finishes the week 16% up.
We finish the week with a new ATH LBI token price of 3.1 LEO each. The fund is worth about 50k more LEO than it was last week. Roughly, 15k came from HP, 15k came from EMP, 5k from bHBD/BNB LP, 5k from BTC, 5k from bLEO/BNB LP and 5k made up of everything else.
I was a little shocked to be honest, 3.10 is amazing but it feels very fast. The LBI price price was 2.33 LEO only 8 weeks ago and were not supposed to see 50% increases in 8 weeks when not much has really happened in the markets.
I am interested to see how things will be next week and if LEO price can ever turn around and stop declining. It's inflation is massive but the tokens are spread out over 3-4 blockchains with many staked on HIVE wallets or on a farms. I cant be bearish on us stacking more atm to be honest. HIVE and non-HIVE holdings are boasting the price of the LBI tokens to much. If LEO does make a U turn, converting cryptos takes a few minutes. We have to ride the wave we are on already, no action by us can change the tide.
At this rate the LBI will be worth 1 Million LEO soon!!
Thanks for checking out the report, have a great weekend everyone.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta