LBI earnings and holding REPORT | Year 02 | Week 33
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.
As predicted earlier in the week, this week's earnings are up because the price of HIVE is up and we get more LEO for the HIVE we earn. The crypto gods do have a sense of humour as they gift us with increased earnings but tease us by keeping us under that 2000 LEO target. Either way, we'll take it. HIVE content is leading the pack for earnings, LEO curation is second and next is leo.voter rewards. A very solid week and if HIVE can hold are increase, we might get through that 2000 target next week.
So with HIVE being up a bunch, our weekly powerdown was worth more to us this week. From the 100 HIVE we get each week, I converted 49 into HBD to top our HBD balance and 51 into around 360 LEO. This week was a HBD interest payout week which was 14 HBD for us and then I also added another 50 HBD to the saving wallet as per plan. Our current powerdown has 3 weeks left.
I powered up some LEO this week, not alot, 300 but some is better than none.
Non HIVE holdings
Very good week all around except for CUB but that is expected to lose as its inflation starts to go completely out of control. BNB is up alot from last week and this has a positive effect on our bLEO/BNB, BTC/BNB and BUSD/BNB LP tokens. In terms of LEO, these holdings are up 17,608 from last week.
New all time high LBI token price at 2.13 LEO. Our last high was 2.12 in week 26. At the minute we have a great conversion rate for swapping HIVE into LEO so I'll be trying to take advantage of that while it lasts. I have been looking at some holding in the non-HIVE wallet and im thinking of mixing things up a little and trying something new. I think we can earn more and possibly bring some back to LEOfinance and increase our earnings. Anyways, you'll see it in next week's report.
Good week all around. Earnings are up and holding, thus the token price of up. Up to new time highs. HIVE looks to be carrying us in earnings, would be better if that were LEO but we'll take it. It's funny to me that LBI's biggest earner is HIVE and SPI's for the longest time was LEO. Ideally, that would be either way round but the crypto gods do have a sense of humour as said above, this is another example of them playing with us.
Would be cool to find someone willing to run a LISTNERDS account for LBI, we could work out a profit share and LBI would pay the subscription. Im making a killing from it on SPI but dont have the time to commit to running 2 accounts. It does not take alot of time and the rewards for LBI could be very fruitful. Anyways, if you are interested, let me know the comments below and we can work out some deal so all parties win.
Dividends have been issued already and that's that. Have a great weekend everyone, lets's hope our current run of luck continues and our bags pumpth even more.
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
