LBI earnings and holding REPORT Year 03 | Week 08
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 have been pretty good at near 1500 LEO. Powering up 1600 HIVE a few weeks back has gave us nice boast from leo.voter rewards and it now our 2nd biggest earner behind HIVE content rewards.
These could be 2000 LEO a week easy if we had more people that could write content about LBI or crypto related posts. The incentive to get LBI tokens is still there and rewards are still for LBI prices of 2,3,4 and 5 LEO. Anyways, it is what it is i guess and LBI can only be as successful as the people actively taking part.
Im happy with this weeks earning and hope we can maintain an income of around 1500 LEO per week.
The LBI token price has hit a new time high and the week at 2.59 LEO each. The reason for this mostly is because the markets have crapped themselves in the past week. About 25% of LBI is currently in the form of stable tokens and this is why the LBI token price increased so much this week. Our stable tokens this week buy more LEO then they did last week. 25% sounds like alot and it is but holding stables over the past year has worked as an excellent hedge against declining crypo prices. We will swap these stables at some point to get back into the game.
The price of LEO itself dropping to 4.1 cent is a bummer but not a surprise. Im sure it'll move with the market whichever direction it goes next. Most of the market is down 10% this past week but everything is getting wrecked. No not to worry, it's just 1 of those weeks and in 2-3 months, it'll be forgotten about.
We will keep grinding and doing what we can. Thanks for checking out the report and have a great Sunday.
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
