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LBI earnings and holding REPORT | Year 03 | Week 03

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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.

Earning this week have had a nice boast due to HIVE mooning the past 24 hours. We've been building up an undelegated HP balance to prepare for a powerdown but it think it would be better idea to up our delegation to leo.voter from 10k to 11,5k and increase LEO rewards. You can see that the bot missed is on Tuesaday and im hoping this a one off.

Even with only 2 posts being uploaded that week, we still earned 350 LEO worth of HIVE. I think about what we could earn if we our uploading 5-7 days a week. At 350 LEO for 2 days, we could do over 1000 easy if posting 7 days and double weekly earnings in a snap. Me and Task cant do everything and the success of LBI really comes down to its investors and how motivated they are to add value.

I have been thinking about dividends again, we need to get a vote out to decide how long they should be suspended for should that be another 3,6,9,12 months. I had the idea to maybe for while issue dividends in the form of CUBlife tokens that pay out a weekly LEO dividend. My reasoning is i take the LEO dividend and use it to grow CUBlife and LBI token holders get a token that issuing a weekly LEO dividend. The bigger CUBlife grows, the more LBI earns from it and long term when LBI starts to issue dividends as LEO again, investors will have 2 tokens that are paying them out LEO each week instead one.

Anyways, Friday was our best day as always because CUBlife is done that day so we get our 10% cut plus content rewards from he report. All in all, not a bad week.

The liquid LEO balance has been growing and I will be wrapping some up into bLEO and staking it to the LEO/BNB LP on Cubfinance to increase our defi earning a little. As said above, I'll also be delegating more HP to leo. voters and our HBD is getting closer to 2000 HBD earning us 400 HBD a year, more than 1 HBD per day.

Im seeing the price of UTOPIS increasing a little as it pays divd some weeks and not others. We are still holding 500 so im thinking to dump them and reinvest into something like BRO that pays out a HIVE dividend and LGN airdrop. The only problem is BRO is so overpriced on the exchange and i hate overpaying.

Our defi wallet in terms of LEO is down a little this week because LEO is up around 15% on the price i recorded last week. Not complaining at all and loving it. I have been converting harvests for the past 3 weeks into BTC and will continue to do this for the foreseeable future. Im hoping for a small market correction and then i will convert some of the stable LP into crypto. It's feels like we've not had enough pain yet, lol

Its been a good week for the markets so its been a good week for us. The total fund is now worth over 560k LEO and the token price has bounced back to 2.39 LEO each. I will get in contact with the GOV team to start writing up a voting post for dividends and sort out these delegations this week.

Have a great week 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