We saw the rise of a number of tokens that follow the same model. When we look at LBI and BRO, they were, to a large degree, designed similar to SPInvest. That was the first fund that really was introduced on Hive (Steem), offering people an opportunity to get involved with something that was actively seeking to grow for all token holders directly involved.
As things expand on Hive, there is a lot being introduced. This is making it very difficult to keep up with. With so much being introduced, even if we know about it, there is the possibility that we cannot get caught up enough to understand what is taking place. A big part of investing is being confident in what you are getting involved in.
This is rather difficult when we do not have the time to spare. Research is a consuming process and some of what is coming out requires a bit of knowledge. While none of it is high finance, time is a commodity that many of us do not have to give on such a large scale.
It is also where much of the value from these types of tokens comes in. By being involved with them, we are able to gain exposure to whatever is being invested in. That helps us to benefit without putting in personal time or even our own funds (outside what is in the token itself).
An example of this is the recent APE mining project. That started as a yield farming application which is now adding NFTs to the project. While I can say I do not fully understand it, nothing is lost. My deep knowledge is not required.
The reason for this is because @raymondspeaks is fully on top of the situation. He is well aware of what is happening and in giving me the feedback I need. That does not mean he is discussing anything with me. Instead, he is sharing how @brofund is approaching it and participating. That is all I really need to know.
By having BRO tokens, each of us is benefiting from the success of the APE project. The actions being taken are enhancing the value of BRO by feeding into that project. We are also seeing some of the dividends flowing through in that token.
LBI does a similar thing. So far, we are mostly focused upon on-chain projects. However, we did go off-chain, albeit in the same family, with funding some of the Kingdoms on Cubfinance. This was something that benefits each token holder, whether they have any idea about Cub or not. The knowledge is within the community (@silverstackeruk) and that allows the moves to be made.
We have a community mindset that allows for the participation of a number of people to truly expand the value of the project. We see this in the activity that helps in the token flow coming in each week. Over time, it is enhancing the value of the LBI token by expanding our holdings which back it.
The key takeaway is that we have a form of a Hive mind in operation. As more projects unfold, we will be in a position to get involved. Certainly it is impossible for any single person to know everything that is taking place. However, collectively, we are able to cover most of what is out there.
This is the advantage of a token like LBI.
Article by @taskmaster4450le
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What I like about a token like LBI is pretty much everything you mentioned. There is no way I could research let alone buy into so many different and varied projects, with tokens like LBI it is made simple for me. I buy LBI tokens, and sell the rewards so I can buy more of LBI token and those like it.
I think this is what makes these projects unique as there is personal input and knowledge that is adding true value which many of us especially me have no clue about.
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I really like how LBI also gives me indirect "access" to many other great projects on Hive. It is really one of the best tokens to hold
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I like the fact that LBI is pretty much 100% passive. Besides the few proposals we get, I don't think we don't have to do much either.
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it's gonna take some time before we will se the value of LBI reflected in the actual price of the token, because of that it takes a bit of discipline in waiting for investments to mature