LBI earnings and holding (late) REPORT - #41
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.
Sorry for the late posting, you should have already received your dividends but here are is the report just so we dont break the cycle and miss a week. Not much to say this week so I'll just let the numbers do the talking. They are good as normal. Have a great rest of the week and the next report will be uploaded on Saturday again to resume normal service.
The top chart is this week, the bottom chart is a total of over 41 weeks.
LBI token price
Total assets worth in LEO
356,307.06 LEO
Total LBI tokens circulating
227,481
LBI token price - 1.57 LEO
The LBI token price has been over 1.50 LEO for the past 17-18 days so I will issue out the LBI token rewards to the content team at some point this week. The total rewards pool is 20% with the content team sharing 15%, we had planned for 4 content writers but it never happened and we decided between us to not increase our rewards and leave 5% for incentives further down the road. @amr008 has joined the team as a coder, he already runs the LBI and CL dividends for us, he's easy to work with and always writes back to me within 24 hours. Im sure we'll find more things to build together. So he's on the payroll for 2%, leaving 3% to use as incentives are giveaway.
It could happen easily that the LBI token price went to over 1.50 LEO and then dropped to under 1.50 after a few days as the market changes. As each LBI token price target is hit, I will always wait at least 2 weeks to ensure the token value is stable-ish with rewards not being issued prematurely.
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
Is this in regards to the dividends? I thought it was more or less based on the LEO coming into the account (curation, author and CL). From there, you would take a portion for adminstration, a portion for reinvesting and the last for dividends.
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No, nothing to do with dividends. Tokens are issued when the LBI token hits certain price points, it's an incentive for the content team to keep pumping out content and helping LBI grow. Most project will premine and issue tokens but we're doing it so that if there are no results, there are no rewards.
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Ah ok. That does sound fair but I was a bit confused about this portion because I didn't remember it.
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Getting LBI to be valued over 1.5 LEO thus resulting in 50% ROI from the initial investment, I think is pretty great. Such projects are steadily growing and delivering to investors in the medium to long term.
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Thanks man.
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