My Progress Toward Investing in the Leo Backed Iniative Opening on December 7th
I have been working at upping my liquid LEO for investment in LBI starting December 7th. For those unfamiliar with LBI just head over to the @lbi-token account for more details.
Having joined SPI (LBI's older brother) last year and being very happy with the results, I wanted to make sure I got in early and upped my investment from SPI. This time around I have a few more assets available and hope to put into LBI about 5x what I did in SPI.
My first move when I read about LBI was to start a power down of about half of my 600 some staked LEO. The second power down will happen Dec 3rd and will give me about 315 total liquid LEO.
Secondly I started a Hive power down that would net me about 600 Hive in two weeks. With the first power down I was able to acquire 160 liquid LEO. Hopefully with the next power down on Dec 4th I will be able to get somewhat the same amount.
Lastly I used some liquid hive I had to buy some more LEO and I have curation and posting rewards to add to the pile. Below is a quick Excel sheet showing what I should have by LBI's start next week.
I was hoping to have 1000 LEO and it looks like I will be darn close. I really don't want to power down any more LEO or Hive so I may throw a little fiat into the mix. I do have some more retirement earnings kicking in this month so maybe I will start investing some of that in LBI. 😀
As always this is not financial advice. Just me charting my future in crypto.
Please feel free to make comments or ask me any questions about this post.
Thanks for looking and enjoy your day!
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