LBI earnings and holding REPORT | Year 02 | Week 26

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.

Earnings this week are down a little bit from last week by around 100 LEO. The markets have been getting crushed. Sorry i main the markets are still getting crushed and sadly our earnings are related to that. Overall, most crypto is down 30-40% this week so to see a drop of 5% in earnings is not the end of the world and could be considered a small win. I have to take whatever wins we get at this point.

I notice that LEO content earnings were hit the hardest this week which is a shame because we are pumping out some great content now with our new content team. Leo curation rewards are also down some because of LPUD and around 170k LEO being powered up on the 15th. This is bitter sweet because our curation rewards drop a little but at the same time, more LEO is powered up and out of circulation.

Earning our pretty stable for us so far, lets hope it continues.

We added anther 50 HBD to our HIVE saving account and we're up to 550 HBD now worth over 10k LEO. Im considering to dump our UTOPIS holding and swap them into something else, either into BRO or LEO. It's not easy to sell UTOPIS as there is not much volume so i'd day for us to sell off our 600 would take a few weeks without having to sell them at a massive discount. Better to sell off some here and there and get proper value for them.

Our non HIVE holdings have been in free fall this week and everything is down. In terms of LEO, most things are up so this reflects well in our LBI token price. I sorta regret not building some stable token funds but the market dropped off really quickly and what i'd thought would have took another 3-4 months has happened in 1 week.

We can see staked LEO lose dominance over our other holdings. I hope this is a trend that does not continue but it's not in our hands and we can Khal is using all the weapons he has in his ammo bag to do what he can. We're in a bear market and things are just going to hard for the next 18-24 months. This is when we will divide the weak hands against diamond hands and we'll see who's still ever around in 2 years time.

The LBI token price is up again for its 6th week in a row which is great but not normal. The tokens price will normally increase 2-4 weeks and then dip for a week but this time, its just going up, up, up. I dont see us dropping to back under 2 LEO each so i will be issuing content team rewards during this next week.

If we keep growing at the rate, we'll soon be worth over 500,000 LEO and then the next target will be 1 MILLION!!

recap

*Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI