RE: LBI earnings and holding REPORT - #
(Edited)
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could LBI be worth less than 1 Leo is Leo would go to the moon big time ? that would be kind of funny :)
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In theory this should never be possible because for every LBI that is in circulation, there is at least 1 leo staked.
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ok, fair enough :)
We have 251k LEO staked and there are 233k token issued so if our HIVE and off platform investments were to drop to zero, the lowest price the token could go to would be 1.07 LEO.
That's why I think we need to start converting some of our "outside" holdings into LEO. Everything is performing extremely well and I like the diversification, but I feel like we should get the "base" number of up to a higher number.
For example, there are currently 233,097.88 LBI tokens. We have 252,923.12 LEO. That means that while the value of the LBI token is currently at 1.51 LEO, the amount of LEO actually backing each LBI token is only 1.085. So, the other .425 of value is held in assets outside the LEO token itself.
Like I said, that's not a bad thing. I would just like to see us bring the number up on a regular basis. Maybe to like 1.2 in the shorter term.
As I commented on last week's report, with LEO at these low prices, it seems like it would be a good time to stack some more of them rather than spreading out too far.
Obviously LBI has been performing very well with the way things are going. I just think that with LEO news potentially starting to come out and ProjectBlank in the works, it would be a good time to stack more actual LEO for the potential price run-up in front of the news and also for any potential airdrops that might come with the release of ProjectBlank.
Just my opinion.
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HIVE and off platform investments have been been the main driver of the LBI price increase. I think HIVE will outperform LEO. I understand what your saying but LEO has not been performing well and I im not a "buy the dip" sorta guy. I hope LEO has bottomed out. I dont have high hope for project blank, its been shilled for a year now and focus seems to be on CUBfinace.cefi
No, I get it. The outside investments have performed extremely well; especially in comparison to LEO. My point was that while they are performing and LEO is not, it feels like we should be stacking a little more of it. I'm not saying sell any of the outside investments. I'm just saying using some of the returns to stack a little more of the base asset.
Don't get me wrong, I love HIVE, CUB, BTC, etc., but this is called LBI: Leo-Backed Investments. If I want HIVE, I can invest in UTOPIS or buy it outright. Same with CUB and Bitcoin. Just because it's priced in LEO, doesn't mean it's Leo backed unless there's Leo there to back it up.
If we were 100% invested in LEO and LBI was worth 1.5 LEO's, and the Leo price 10x'd, LBI would still be worth 1.5 LEO. If LEO 10x's with our current distribution, the LBI token would probably only be worth 1.1. That assumes the other investments remain the same obviously.
Again, I'm not complaining. "Get Rich Slowly...Fast" is exactly what's happening. I'm just adding my 2 cents to your thought process and suggesting we try to stack a little more of the base asset every week so that the base amount of LEO backing the token keeps growing.
The price of LBI can never drop below the amount of LEO backing each token, regardless of what the US$ price does. And since that's what we care about, I'd just like to see the amount backing each token climb a little every week. Especially, as I said before, since the price is so low and there could/should be an airdrop or two forthcoming.
Thanks for the reply. I appreciate the fact that you're taking the time to listen.
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At the end it is all about market cycles. This one has allowed us to have an asset which is comprised of 66% LEO and 33% other cryptos.
In the next phase, that dominance could change, and be 80% LEO and 20% other cryptos.
It is actually nice not to have all the assets in one or two bets, even if the LEO bet is the bread and butter of our weekly gains, the whole idea of the project always has been steady gains from LEO curation to spread into ... Well, into everything else.
At least that is how I see it :-)
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