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LBI earnings and holding REPORT - #50

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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.

It's been another amazing week for LEO earnings with 2600 that produces a dividend pool of 1300 LEO. There have been problems with receiving rewards the past week as you are aware so LEO content and curation earning look a little storage this week. We are having problems with leo.voter as well and were missed 2 days this week, that 2 Fridays in a row now and funds dont seem to be added onto your next payment so I have opened a ticket on discord support to try and recover those missing LEO's if we are owed any. UTOPIS earning also way down this week for whatever reason but everything else is pushing along nicely.

The top chart is this week, the bottom chart is a total of over 50 weeks.

Total earning to date or 78,234 LEO giving us a weekly average of 1564. We earned 2600 this week so we're killing it right now.

With this weeks HBD from post rewards, i converted it to HIVE and sent it to hive-engine to be converted into LEO. The LEO/HIVE ratio is very good right now so should take advantage of that.

The 580 HIVEp we hold is currently in a buy order for 4600 LEO which will be powered up to our account. The buy order's price is set at 0.135 and I hope it gets filled soon. 500 HIVE of this buy order comes from selling off random tokens we receive every week, this is maybe 3-4 months of saving up HIVE from discarding stuff we've no interest in. Nothing wrong with free LEO for a few sell orders every week.

Pretty much everything is down from last week. The crypto market has gone through a bad red day this week. I notice that our off-platfrom investments as a whole have fallen around the same as LEO has dropped this week so they sort of cancel each other out and there is no effect on the LBI token price.

Staked LEO has gained back a little ground this week because HIVE's drop from last week has been bigger. Everything else is around the same as the red crypto day, everything tanked 15-20 percent.

LBI token price Total assets worth in LEO 405,395 LEO

Total LBI tokens circulating 233,097

LBI token price - 1.74 LEO

Small drop this week but we are still beating the trending line so we're still winning, we're just not winning as good as we were the past last few weeks. Mostly it's out of our control anyway so we're just riding waves and trying to avoid rocks and sharks and stuff. I am happy with a price of 1.74 with only 2 weeks to year end.

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