The Impact Leofinance Is Having
Sometimes we need to step back and look at the bigger picture.
Obviously, LBI is heavily tied to Leofinance and all that is taking place on there. We have a lot of reasons to be excited, with the latest being the announcement of the first Initial Decentralized Offering taking place next week on Cubfinance.
This is presumed to be a benefit to LBI since we have a stake in Cubfinance and are building that area as one of our holdings. Those involved in CUBLIFE always could benefit.
Nevertheless, to fully appreciate the impact we are witnessing, it is vital to look at things on the individual level. What are we doing for everyday people.
Leofinance is a place to post about cryptocurrency and financial matters. A lot of what ends up posted really is not of great value. However, we do see some posts that really educate people and help when with some financial ideas.
When this happens, people start to think differently.
Here is one example:
This article by @metzli shows a situation she found herself in. Notice what she did. While the opportunity to utilize the HBD savings program did not pan out, the important matter is that she thought about it. Instead of simply defaulting to a common method of paying off a bill over time, she considered her options.
Certainly, we have no idea whether this had anything to do with Leofinance or not. Nevertheless, as we post more ideas, experiences, and concepts, others can learn from them. The financial education of the regulars is increasing. This provides them incredible opportunity to change their financial future.
If this situation could have worked out for @metzli, she might have netted about 25 HBD. Naturally, this is not enough to make a significant difference yet, as they say, it all adds up.
The key point here is that it would have been a financial gain simply by here taking a few minutes to look at the situation and operate a bit differently.
We have another example.
This is by @ecoinstant how posted how to print money with Hive and HBD. It is something that @silverstackeruk might want to take a look at.
The premise is to arbitrage the high price of HBD since it moved higher than its peg. With it being near 1.2 presently, we are seeing a chance to scalp a few percent with little effort and minimal risk.
We can all see the details in the article but the key here is that a 4% gain is likely to be realized over 3.5 days. That is a sensational return.
Here is the proverbial this is not financial advice and as the article states, there is a risk of the price of Hive dropping and eating into the profits, so be mindful of this.
What is interesting is both these articles were posted within the last hour. We do not have to dig too far each day to find gems such as these.
Leofinance is having an impact upon lives. LBI is a part of this since that is where we built our platform. Each day, we provide support to the Leo ecosystem by posting articles such as this as well as curating. This is generating a return for those Leos who opted to participate in LBI.
The effort it to help grow people's wealth over time. Many of us arrive at Leofinance without many resources and less financial education. The fact that we are taking people by the hand to help them grow their holdings while also showing them how long-term wealth acquisition works is extremely valuable.
Certainly not every situation is going to apply to us all. The opportunity that @ecoinstant offered up is not going to be utilized by all. However, a lot of money is made by arbitraging different currencies. This is just one instance where the opportunity exists on Hive (albeit requiring the use of an external exchange).
We all know about the recent release of leasing of Leo on Leofi. This is something else that LBI was one of the first to take advantage of. We got a number of leases out for 12 weeks, earning a net of about 17%. This is not setting the world on fire but it did help to support the ecosystem which is providing so much to a large number of poeple.
This is how LBI was designed. We are here to utilize Leofinance to best grow the fund while also being one of the major components of its ongoing success.
We will continue to do our part to keep the platform growing and making it stronger.
Article by @taskmaster4450le.
Posted Using LeoFinance Beta
