LBI earnings and holding REPORT - #
Welcome to this weeks LBI token earnings and holding post
What is LBI?
The LeoBacked Investment (LBI)LBI earnings and holding REPORT - 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 just under 2000 LEO in total so it's been a good week. We've seen the price of LEO increase 4 cents over the past 2-3 days which impacts out HIVE earning so if this trend continues and LEO joins in on the bullrun, we can expect LEO earning to drop a little over the next few months. If HIVE continues to outperform LEO, we'll see us stay are grow past this 2000 mark.
The top chart is this week, the bottom chart is a total of over 44 weeks.
Total earnings to date are 57,257 LEO giving a weekly average from the launch of 1302 LEO. With us earning closer to 2000 per week, we are crushing it.
After everything has been paid out, we are left with 300-350 LEO liquid and whatever HIVE power and HIVE we earned. Im in 2 minds overpowering our liquid LEO up are using to start building some sort of LEO/HIVE income token. 1600 LEO is about $400, not alot but enough to maybe get another 100 UTOPIS tokens. MUst of this liquid LEO was earned when LEO was 20-22 cents so we've already made 20-25% just from letting the balance grow a little.
Pulled in a few POB and SPS tokens this week and converted them to HIVEp. As you can see there are over 1000 LBI's held in this wallet, these LBI's are already in circulation, they are paid for already and i cant think what to do with them. Oh and @lbi-token is blacklisted from receiving div's so we're not earning LEO on these holdings. Would be cool to use them for some incentive, but for what im not sure.
Everything here has been performing while this week. BTC hit a new time high, BNB hit $500 again and ETH went over $4100. Both LEO and CUB are up as well so we are winning from every angle on our BSC wallet. I continue to reinvest harvests into the BTC/BNB kingdom. We've been building this for a while now, it's worth almost $3000 and im getting the feeling to start building up on the ETH/BNB kingdom. We'll see how the market our next week and how i feel at the time.
We've spent 4 weeks over the trend line so dropping back under is not a huge surprise. We can expect this trend to stay true for next while as we do spend most time under the trend line.
LBI token price
Total assets worth in LEO
353,798 LEO
Total LBI tokens circulating
233,097.88
LBI token price - 1.51 LEO
We can see the result of LEO's price increase in the LBI token price. As the price of LEO increases, our off-platform and HIVE holdings become worth less LEO. This means that the LBI token price decrease's when valued in LEO but increases when valued in $.
It's been a great week for cryto in general so it's been a good week for us. We continue to do what we do and grow as fast as we can. Right now, it feels like alot of waiting about to grow balances to beable to do something but things will speed up soon enough, give it a 2-3 more years and the different will be night and day.
Thanks for taking to time to check out this weeks repot, have a great weekend.
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
That I fully understand, for a long while it was a daily buy more of something anything that I already owned. then I went on a Wednesday/Sunday rotation, and now pretty much of gather on Sunday, buy Sunday evening or Monday. Slow progress for me, but my primary holders are reaching my goal marks, and by waiting I'm able to get more visible growth.
Little and often adds up quickly :)
Well it is nice to see us earning in a bunch of scenarios. Do you think LEO will outperform HIVE? I wouldn't mind seeing LEO being over 1 HIVE each again but I guess it might lower the APR and dividends.
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No, i dont see LEO outpreforming HIVE. I cant think why it would
Agree on this. Both in % and value it doesn't makes any sense that a Hive token will overcome Hive itself.
And with the explosion of Splinterlands, no way it can happen. But hey, we are gaining some Hives as well.
LBI is the gift that keeps giving ^_^
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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 :)
In theory this should never be possible because for every LBI that is in circulation, there is at least 1 leo staked.
Posted Using LeoFinance Beta
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.
Posted Using LeoFinance Beta
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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