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CUBLIFE (CL) - Weekly report #33

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LeoBacked Investments - LBI
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Authored by @silverstackeruk

Hello, LBIer's and CLer's. Welcome to this weeks CUBLIFE (CL) token update. We are going to look at this week's CUB harvests, reinvestment and weekly dividend APY. This update post is released weekly, dividends are paid in LEO every Friday at 9 pm UTC and new CUBLIFE (CL) tokens are issued once per month every 21st.

What is CUBLIFE?
CUBLIFE (CL) in a nutshell is a hive-engine token dedicated to investing in CUBfinance that pays out weekly dividends in the form of LEO. All LEO/HIVE raised from monthly token issues is invested in CUBfinance. 50% of weekly harvests are converted to LEO and issued to CL token holders, 40% is reinvested back into the platform and 10% goes to LBI as an operators fee for maintaining and actively managing the wallet.

  • Black = Farm

  • Grey = Kingdom

Pretty good week for harvests, sadly the price of CUB dropped by 12-13% from this time last week and LEO has gone up a fraction so the APY has taken another hit, this time we drop below 40%. It's hard to keep of thinking of ways to say, it's still a good percentage for your LEO. 40% is better than almost everything out there for investing your LEO directly. Anyways, let's look into where this weeks harvest went.

173 CUB got converted to 321 bLEO to issue this week liquid holder dividends 86 CUB went to CUB/BNB LP for the issue of 50.68 CL tokens 51 CUB got converted to bLEO and shipped to lbi-token 208 CUB went into the BTC/BNB kingdom as our 40% reinvestment

Weekly APY from launch

Weekly total holding in $ from launch

This month's CL token issue Every 21st of each month, new CL tokens are issued to those that have sent either HIVE or LEO to the @cublife before the end of the 20th. The month goes 21st-20th. If you send in funds on the 21st, you'll be waiting till next month. Conversions take place once per month on the 21st with new CL tokens being minted to the same value as the existing ones in circulation. There are 12 CL token issues per year.

You can transfer LEO/HIVE or HIVEp from hive-engine. If you send both LEO and HIVE, you will receive 2 token issues, 1 for each. You can confirm your funds have been received in the table below which are posted weekly and updated 2-3 times per week.

Leo

Hive

Roundup

Not a great week but not a terrible one either. The market is doing...i dont know what it's doing. Im seeing lots of talk of the top already being in so im not sure what to be doing. It feels nothing like 2017 going into 2018. We've no plans on going anywhere so we'll see what happens.

Dividends are still decent, holdings took a hit, mainly because of CUB dropping off 12-13%. We'll see what happens with our APY's and holdings when pCUB launches.

Have a great weekend :)

Posted Using LeoFinance Beta