RE: Ready to pool some wleo!

avatar

You are viewing a single comment's thread:

Do you know anything about LBI, how it works and what are the incentives to get into it?
I haven't found any posts yet, but heard about it.

Posted Using LeoFinance Beta



0
0
0.000
8 comments
avatar

It works similar to SPInvest. Are you familiar with that?

Posted Using LeoFinance Beta

0
0
0.000
avatar

Nope... I initially though it was something like SBI, but someone said it isn't.

Posted Using LeoFinance Beta

0
0
0.000
avatar

@spinvest is the main account. SPI is a token on Hive engine. It was originally sold for 1 HIVE each...then 2 hive. There are 100K SPI tokens.

The HIVE (STEEM) brought in was then powered up and leased out. This brought in more Hive each week. That was then powered up and it kept growing.

At the same time, there are posts that are put up each day, which get rewards which also adds to the pool.

Finally, some of the Hive was used for off platform investments (as well as on chain). It now holds 1 BTC, some ETH, gold, and silver. There are also on chain like Splinterlands alpha packs, and a bunch of LEO. There is also a sub-group of @spinvest-leo which holds LEO and curates. Plus the posts generate LEO that helps entire holdings.

All of this is what backs up the SPI token.

LBI will follow a similar plan.

Posted Using LeoFinance Beta

0
0
0.000