LBI earnings and holding REPORT | Year 02 | Week 27

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.

Earning this week where ok, a little lower than usual but still close to 2000 LEO. The main reason we earned a little less this week is that the price of LEO has increased against the other tokens we earn, ie, HIVE and CUB. We earned a little less LEO but the LEO we have earned is worth more so we cant complain.

I floated the idea for LBI to join LISTNERDS as a way for us to build another stream of income but the feedback was not great and i dont think there is enough support for me to pursue it. I will continue to search for new sources of income that token holders are more comfortable with.

All in all, not a bad week for us. Dividends will have already been sent out.

Powered up a few LEO this week, not much but we now have a little over 206k LEO. I also added another 50 HBD to our saving wallet bringing us to 600 and this account is growing nicely as planned. It'll not be long till we have 1000 HBD in here.

No change with our hive-engine wallet this week. It's valued at a tiny bit less because the price of LEO has increased against HIVE. This is the correction i have been waiting for, for LBI.

As for our non-HIVE holdings, seems that the markets has stopped bleeding and ev en increased a little. Our main holding here are BNB, LEO and BTC with LEO increasing more than the others. This results in a higher $ value but a lower LEO value so our is worth more in dollars compared to last week and worth less in LEO as LEO has increased more than our other holdings of BNB and BTC that are locked up in a few LP tokens.

You can see below that the BLEO/BNB LP has gained some dominance over our BTC/BNB LP this week, this is good for us because we hold lots of LEO 😁

We finished the week with an LBI token price of 2.05 LEO which is down on weeks 2.12 LEO. This is the correction i have been waiting for. LBI growth pattern is like 2-4 weeks of growth then 1-2 weeks of decline. This latest growth stint was 6 weeks long which is longer than normal and with starting at 1.83 LEO on week 20 and topping last week at 2.12 LEO. The token price of still over 2 LEO each which is great for us and confirms for me that i can issue content team rewards as we've seen 6 weeks of the price over 2 LEO and think we'll not drop back to under 2 LEO again.

We have 9 weeks left on our HIVE powerdown so we'll continue to convert that ito HBD for savings and the rest into LEO for powering up. Everything else is running smoothly and as is. That's another week behind us as we head into the second half of the year with 22% growth from year start. If we can hold onto this and increase on io it, we could hit 2.30-2.40 by year end...maybe.

Have a great weekend folks, hope you enjoyed the report.

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