LBI earnings and holding REPORT | Year 03 | Week 07
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.
Earnings this week are decent as we earned just over 1400 LEO in total. We had 1500 liquid HIVE last week that i decided to power up and delegate to leo.voter so our income from that has increased this week and we can see that it is now earning us more LEO than LEO curation meaning our HP balance earns us more than our staked LEO balance.
Rewards from content are still king for us and we are currently uploading 3 times per week. If we able to upload 7 days again, our content income could increase by 130% and be worth 1300 LEO per week. It hard to find people to support and upload for the project. Maybe we could explore the idea of a LBI admin, someone to focus more on the community. Just thinking out loud.
Earning were decent this week, about half is received in LEO and our liquid balance is growing by around 700 LEO per week. We'll stake this again until there is 5000-10,000 LEO and then decide what to do with it from there.
There is 700 extra LEO in the liquid balance this week from earnings. I powered up the 1500 liquid HIVE we had and delegate it to leo.voter. We claim our HBD interest reward in 30 hours which is worth 30 HBD and will push our HBD balance to 2000 that will earn us 400 HBD per year.
Something interesting i notice is our LEO wallet is worth 208k LEO. This is around 80% of the LEO we received from issuing LBI tokens and represented 3ish % of the LEO in circulation at the time. I look at our HP and HBD balance which we got for free from content rewards and see the LEO value is 160k. I just think it interesting that something we got for free is worth almost the same as our main currency. The reason is because the LEO/HIVE ratio is much different now compared to when LBI was ICOing but it's crazy to see how far its spread.
Defi holding are doing ok. I am continuing to convert harvests into BTC and this week we added 1/3 of 1% of a BTC. I will most likely convert out some of our stable LP into more BTC this week if the prices look right. Anything under $25k is good but if it drops to under $22k for a few days, that would be a great time to buy some.
Looking at the LBI token price, im 99% sure that 2.51 LEO is an ATH. I hope over the coming months that we'll be able to get this closer to 3 LEO per LBI through our non-HIVE holdings. I'd still like to off a buy back for LBI but we need to get a few things in place first to ensure offering a buyback does not wipe out what we've been building since launch.
With the fund worth near 600k LEO, we are doing well and we'll coniute to push what we are doing. 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
