LBI earnings and holding REPORT - #42
Welcome to this weeks LBI token earnings and holding post
What is LBI? The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
Good earnings again this week. UTOPIS was light this week but im guessing the HIVE's 80% price jump had something to do what that. Everything else is looking consistent and if we can earn around 2000 LEO per week, we'd be doing very well.
The top chart is this week, the bottom chart is a total of over 42 weeks.
Not much change here, i updated the leo.voter delegation on HIVE which should add a small extra LEO to our payouts.
You'll notice that the HE wallet holds 1094 LBI tokens now. These tokens our fully backed and will be used to giveaway at a later time when we can think of something.
It's been a good week for crypto, everything we hold is up except for the bLEO/BNB farm and CUB kingdom but the pluses outweigh the negatives so we are winning.
Big jump this week in the funds LEO value. This is because the price of HIVE mooned a few days back and LEO did not so now our HIVE holdings are worth more LEO and this reflects the LBI token price.
LBI token price Total assets worth in LEO 379,791.52 LEO
Total LBI tokens circulating 233,097
LBI token price - 1.63 LEO
The price of up to 1.63 LEO each. We're beating the trend line so we're winning.
Get LBI on LeoDex - https://leodex.io/market/LBI Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta