LBI earnings and holding REPORT | Year 02 | Week 32
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 in 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.
Earning this week or up on last week so that's always great to see. This week saw us back to full content rewards for 7 days and we had a double payout day from contract_tokens so bonus. Friday is the best earning day because we get both CUBlife and CUB earnings on this day. This week, LEO is around the same as last week and HIVE is up some so our HIVE content earnings are worth more.
With LEO going back to 8 cents from 5-6 cents and LPUD being a monthly thing, i would assume our new normal weekly earnings will drop from 2000 to around this area at 1600-1800. It's already dropped so kinda saying, this is the new normal.
It has been a strong week for our non-LEO holdings as they have all increased while LEO has gone sideways. I added another 50 HBD to the saving wallet and I see that we can claim out interest payments in 32 hours for 12 HBD, not bad. Last week, we lost alot of LEO value in these holdings when LEO did a 15-20% day and this week they have all caught up. Overall, we're up :)
We have the same result with our non-HIVE holdings as well with all of them increasing in LEO value a tiny bit. XPOLYCUB is down but it'll come back as it enters its deflationary stage soon.
Great they get the token price to back over 2 LEO each even if only just over. Its been a decent enough for us and the markets are very interesting to watch at the minute as everything is very bullish. I still think this is a false bull are maybe a mini bullrun within a bigger bear market if thats makes sense. Im not a trader so im not down with all the jargon.
We hope that LEO will join the party and get its ass to back over at least 10 cents and pump our bags again. It'll happen, its just he waiting time we have to deal with in between.
Dividends should have been shipped already, have a great weekend everyone.
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
