LBI earnings and holding REPORT | Year 02 | Week 38

over 1 year ago

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 have been really good and we've earned over 2300 LEO worth of rewards in total. The bulk of this has come from HIVE content rewards which is not that surprising as we get juicy upvotes from leo.voters and lots of followers. CUBlife had a better-than-average week and everything else has sorta been going sideways. You can see in the charts below, that this week is our second highest earning week this year, I cant complain with that.

Still showing as a negative LEO balance, less than last week but still in the red. Because we have no HIVE power down coming, i decided this week to convert HBD earnings into LEO. I total i converted 96 HIVE into LEO. I was able to pay 1175 LEO for dividends and the rest went to spinvest with 62 still being owed. This is happening because most of our income is earned in HP and HBD and we pay out div's in LEO. I can only access the HBD part of earnings because HP is locked up for 13 weeks. This makes a problem but we'll get through it.

Pretty flat week overall, most of our holdings are up or down a few percent which is flat for cryptos. EMP is not doing great so im likely to pull for that this week dn reallocate these funds back into CUBfinance in someway.

The LBI token price is at a new time high so 100% of holders are in profit. This is great news and we are on our way to hitting 2.5 soon. We just need to figure a way to provide cashflow to pay out dividends every week. If weekly earnings are to be over 2200 LEO each week and we earn 600 LEO, that means i need to find 720 LEO (120% more LEO than we earn) from somewhere to ensure div's and operator fee is paid giving about 0% for growth. LBI is officially a LEO income token that has a few nonHIVE holdings.

Dividends will be shipped out shortly, hope ya'll have a great weekend.