Friday Finance 11/19/2021: Things are heating up!
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.
I'm starting to realize that one of the biggest issues with only doing this post once a week is the fact that many times people have already talked about things that I intend to cover. While that isn't a bad thing since we all have our own opinions on just about everything, it still feels like a bit of the hype is gone by the time I write my post.
That isn't to say I plan on doing anything different. I am just apologizing in advance if you get to my content and you say to yourself "this isn't new, I read a post about this earlier in the week!".
Crypto.com
I think we all know by now that Crypto.com has bought the naming rights to The Staple Center or should I say Crypto.com Arena. It looks as though they haven't done a lot of changes yet to the web page. It is still referred to as The Staples Center. For those who are entrepreneurial, it looks like crptodocomarena doesn't have a page yet. I am sure someone already snapped up the domain, but you never know...
I remember writing a post quite some time ago where I was talking about how I was increasing my position in Crypto.com's native CRO token. At the time, I was mostly looking at getting enough staked so I could pick up one of the VISA cards. I still haven't gotten there. The level of card I am looking at requires like $4000 USD to be held. On top of that, you have to hold the crypto for a certain amount of time (six months maybe) before they will even consider upgrading you.
I remember mentioning in that post that CRO could one day do a BNB on us, so it might be a good idea to be holding some.
While a jump from $.20 to $.50 isn't anywhere close to what we have seen BNB do, Cryto.com does have a lot of stuff working in the background that I think deserves giving them a look. It's one of the easiest ways to buy crypto in the US besides Coinbase. They also have expanded out to NFTs, and their marketing game is on point.
I watch a lot of sports on the weekend (American football, basketball) and this commercial with Matt Damon has been airing a lot during those events. Now with the arena naming purchase, they are going to be even more front and center to a whole demographic of people. Pretty exciting. Crypto is definitely hitting the mainstream.
LBI
As part of the Leo Backed Investments Government team, I just wanted to remind everyone that there is an active proposal right now. You can view the post about it here. Voting on the proposal ends today. If you are an LBI holder, it is important that you let your voice be heard. As a holder, you have a direct say in what happens with your investment. Take the opportunity to do that.
This weekend @alexvan and @empoderat (the other members of the GOV team) will tally the votes and produce an official post with the results. Keep an eye on the @lbi-gov account for that post.
CUBLife
CUBLife is kind of a sister token to the LBI project. It gives people a way to get into this whole DeFi thing over on CUB Finance without having to be directly involved. Basically instead of having to learn the ins and outs of the DeFi platform yourself, you just hold the token and they take care of the rest. It is pretty cool.
Every Friday the CUBLife token pays out dividends in LEO. I have a pretty decent holding, so I earn about 50 to 60 LEO per week this way.
The other day, they announced that they will start allowing CUBLife staking in Hive-Engine. If you hold any of the tokens, you may have noticed a padlock showing up to the far right of your token line now.
By staking your tokens, you now get the chance to earn CUBLife each week instead of LEO. I have made the choice to stake a portion of my tokens so now I can earn both CUBLife and LEO each week.
If you hold CUBLife make sure you check it out, it is another great way to grow your portfolio!
That's all I've got for this week. Check back next week for more finance stuff. Next week starts the holidays with Thursday being Thanksgiving in the US and Friday being the Black Friday shopping day. I remember this was just about the time in 2017 that things really started getting exciting. Hold onto your hats, it could get crazy!
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