December 7th, 2020 is quickly coming upon us. On that date, the LBI (Leo Backed Investment) token will go on sale. It will be available to anyone who send LEO to the @lbi-token account. For each LEO submitted, one LBI will be sent to one's Hive-Engine/Leodex account.
Leofinance is becoming one of the more popular communities on Hive. Over the last few months it saw tremendous growth which was also reflected in the token price. We can gladly saw that the LEO token reached an all time high today. This is something that should keep going.
LBI is going to be the first project that is tied to Leofinance yet was not put together by the core Leofinance team. This is a project that operates outside the bounds of them. Here we see the value of open communities, anyone can develop a project.
This one will enhance Leofinance in many ways. To start, it provides another use case for the LEO token. Already in short supply, adding another option provides holders with an additional opportunity to benefit. It is a move that will likely put more upward pressure on the token.
At the same time, we will be curating content to provide a return for the token holders. This is something that will allow for passive gains. Each week, dividends will be distributed to the token holders, helping to enhance the ROI of the project.
Over time, it is logical to conclude that the LBI token price will increase. What we do know is the value behind this token should appreciate each month. The model put forth by @spinvest shows how profitable this can be. While the returns might not mirror that project, it is likely that people will see an outsized return as compared to simply holding the LEO token themsleves.
A bit part of this is the ability for all LBI token holders to influence the returns. In addition to being passive, there is an active component. Utilizing the inflation of both LEO and HIVE, the account can grow through the posting, commenting, and upvoting of content. Hence, each time we upvote a @lbi-token post, we are adding to our own holdings. Effectively, this benefits each token holder to some degree.
This is how we found that collective growth can easily outpace what we do individually. Throughout the week, individuals who are involved in the community will be posting on behalf of LBI. This will help to generate payouts in LEO (and HIVE) which will be used to further grow the value of the fund.
As the total value grows, so does each individual's holding.
The team behind the @lbi-token already has a near two year track record with running a program like this. @spinvest was started a little over 20 months ago. In the first year it registered an 80% jump in value with the second year obliterating that.
While nobody can promise similar returns, we can saw the system that is implemented is sound. Along with the EDS token, we are proving that double digits, annual returns can be consistently generated. Of course, this is not taking into consideration any price appreciation as denominated in USD, EURO, or any other fiat.
We simply look at these projects valued in the native tokens. With LBI, we will see how the project grows as priced in LEO.
Be sure to make note of the 7th so you can get involved at the early stages.
So do I send it to your account with my name in memo?
I sent my leo from hive engine. When will the token show up
Hot damn, that has to be @taskmaster4450's first post for us
Worded perfectly and spitting straight facts. LOVE IT!!!
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I don't have any hive right now but I'll save up for some tokens
You are looking for LEO.
You have been popping up in the comment section so you should have at least a little bit of LEO.
You can get started with just one.
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Okay thx metzli
Very exciting! I am really happy to be taking part in this and I hope that I can get some more LEO liquid before the sale. It is getting harder and harder with the price going up and up!
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But admit it, you love seeing that LEO go up, up and away! :)
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Oh yes, there is no denying that.
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Thanks for the heads-up!
Just to clarify - on December 7th I send an amount of XXX LEO to your account and receive a corresponding amount of LBI-token? Will the token be tradable on Hive-Engine?
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That is exactly how it will work :) and oh yes, tradable on hive-engine.
Thanks for checking out the post
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Yes and you can keep doing it. It starts on the 7th but does not end then. There will be a window to keep buying before the only token available will be on Hive Engine.
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It looks like we're all getting very excited about this, I too am wondering how long do you think the tokens will be 1 for 1 Leo?
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It likely depends upon how quickly the value of LBI increases.
If, for example, the LBI is backed by 1.20 LEO, there is no point in selling the LBI for 1 LEO since people just arbitrage it by buying from the LBI account and selling it on H-E.
That is why, at least with @spinvest, we stepped the price up as the token value increased. We need to give some warning if there is going to be a price increase to give people opportunity to add more.
I would suggest watching the token value of the weekly report. Hopefully, the LBI will sell out rather quickly and we can hit the target levels.
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Ok, that makes sense, it will start to increase pretty quick once it gets rolling. So better to get them in a timely manner.
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The 7th is in the diary, going to be getting involved in this and see how it goes. All up for long term growth 🙂
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I’m waiting for my damn buy order to get filled, so I have some liquid Leo 🥸
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Right NOW they are under 2 HIVE each.
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So excited for this! Just trying to get as much Leo as I can before 7e :)
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There's no rush, they'll be on sale for at least a year :)
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Does anyone has find a way to calculate, and find out, which of the 2 options might be more profitable (in terms of LEO coin income) : Buying xxx amount of LBI, or keeping this same xxx amt of LEO's staked, for active curation purpose ?
All the verbal descriptions are nice, but I'm one of those who is willing to trust only NUMBERS.
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No way to tell. In addition, there could be other investments as opposed to just curation that provide a return of anyone's guess.
When investing in any type of fund, the return is truly unknown.
SPInvest benefitted greatly from the run up in Bitcoin. Did that outpace the return over leasing of HIVE? By a large margin. Did the gold purchase? Not as much but still a gain.
What the fund eventually ends up involved in will be up to the token holders.
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I will go to the pool in this new adventure for me. Anything that can ensure a better future for my daughter.
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Meet you on the 7th! This will be a present from St. Nicolas :)
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Closing in on near 1000 liquid LEO to send on the 7th! How long do you see it being a 1 LEO to 1 LBI trade? I might add a little fiat toward the end of the month if the price is right. :)
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I would surmise it will still be a 1 for 1 by the end of the month. The price does not increase until we see a move up in the value of the token based by LEO.
That will likely take a couple months.
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But there are a few rewards that the account has earned already - so really, we will all be buying at a discount.
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Good point. :)
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That should work nicely for me. Thank you. :)
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Some people are going to want to take their payouts and buy LBI with them. Reinvest what is paid out early on to get more.
That is what I plan on doing along with adding from my daily payouts.
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i will be waiting!!!
Also make a small post with screenshots to guide users on how to purchase/transfer and generally do the whole process! that will make your life easier when the time comes!
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A very good idea. Or perhaps a video. Either one will be helpful.
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yep, and the video could be through 3speak!
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I have sent a total of 10 leo to LBI-token but only got 7. Looked at the LBI-token wallet this morning and see that you have sent to many other people that sent you Leo around the same time I did.
Please look in to it:
First Leo I sent
Got 7 LBI
Second Leo I sent
Never recieved for the second one.
Amount of LBI I have now
Also looking at Behivers post where they made a tier list and it says I should have 10 LBI.
Sorry for writing another comment but just want my LBI :D
I got a bunch of LEO from hive investment - then powered up
i've actually been just lucky enough to earn some LEO here and there
lucky for you guys and gals that i'm unbanked - so i can't cash out LOL
I missed out on early SPInvest - I wont miss out on this one ;)
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And the original is still a good ticket. It keeps growing in value AND keeps paying dividends.
You did miss the growth, split, and then x4.5 growth, but owning SPI still keeps growing.
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I am looking forward to it, I was hoping to have 100 leo ready to go, but I had to sell most so I could get the next Power up Bee level badge, I know a silly thing when it comes to investing, but Hive is not really an investment for me, it is a fun thing. But I will be getting as many LBI's as I can and hope to build it to the 100 level.
You only have to start with ONE.
In the early days of @spinvest, the token reworked itself back down to 1:1 price, essentially giving everyone "free" tokens.
This could happen here too.
Don't get stuck in the trap of needing a certain amount of LBI, the investment starts with buying just one.
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That is it exactly, I went down to zero Leo token, but have bought a few will most likely be around 15-20 LBI to start with, then just a buy when I can kind of thing. I was late to SPI token, but have 25 of them. Slow but steady, I'm in no hurry to cash anything out yet, I still want to wait until I have a solid five years under my belt.
I like seeing five year plans!
This account has been earning posting rewards.
Does this mean that everyone who buys LBI will automatically be buying into a profit?
Also, if there are only roughly 400,000 liquid LEO's, are we really going to try to get 100,000-250,000 invested?
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Awesome. Let me convert my Hive to LEO and keep it ready.
A little to late to vote on this, but I have sent some LEO to lbi-token.
I'm also aboard the LBI ship. Lets hope that she sails to the moon...
That's my crypto commentary done for the month 😂
Is @lbi-token still issuing LBI if I send more leo? I'm considering spending some of my stockpiled hive to buy Leo and then use some of it to get more LBI.
It would be nice to see some regular posts about LBI to keep us informed please. Thanks!