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RE: LBI earnings and holding REPORT | Year 02 | Week 29

in LeoFinance2 years ago

So I see that each LBI token is worth 2.1.

I take my spinvest HIVE payout every week, and buy SPI tokens. It is pretty nice to know that I am usually buying these tokens at a discount, since Hive Engine does not always carry SPI's true value.

However, when I try to do the same thing with LBI I get confused.

I can simply take my leo and turn it into swap.hive and then buy and LBI token, but how do I know if I am getting a "good" deal.

To spell it out, I am asking for help with the math formula here.

Also, does this account do LBI buy back like @spinvest does?

seriously laughing at myself cause I thought CUB would one day be worth $50 each hahahahaha

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Hey metzli,

You're getting a good deal any time that the price of LBI is close to the price of LEO itself.

With 1 LBI now worth over 2 LEO itself, if you can buy LBI for the same price as you can buy LEO, it's a good deal.

For an example walkthrough, I spoke about accumulating cheap LBI here.


Also, does this account do LBI buy back like @spinvest does?

Yep :)

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Ok I can see how I was over thinking that to the point where I feel a little silly.

But at the same time.

I know now. lol. So if the price is worth 10 LEO per LBI, than a good price would be whatever the leo price is x 10.

Thank you and I will be checking out your post now.

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