LBI earnings and holding REPORT - #26
Hello LBIers, this week marks our half-year anniversary. The time sure does go fast and for a 6-month-old project, we're doing ok. Our earning's have been growing, we've launched our first subsidiary project with CUBLIFE, we're closing in on 250,000 staked LEO and we hold CUBfinance investments worth 34,500 LEO. I'd say we're doing ok. Oh, and the LBI token price has hit a new time high at 1.26 LEO per LBI token so 100% of wallets should be in profit.
This week's earnings are down a little from last week. LEO content and curation earning's are just over 100 LEO down on last week, CUBLIFE earned us an extra 100 and everything else is the same as last week give or take 5-6%. Over 1500 is solid.
You can see below that CUBLIFE represented 10% of this week's earnings which is amazing to see. My target for this was around 5% so seeing double is motivating. CUB is up and bunch int he past week and LEO is down a little so this is the main reason for the big jump. Last week CUBLIFE earned us 65 LEO.
Also there only 24-36 hours to get involved with this month CUBLIFE token distribution. Send any amount of HIVE/LEO to @cublife and get your tokens on the 21st. Each CL token is priced at roughly 1.86 HIVE or 2.51 LEO.
Total earning to date for 6 months is 32,959 LEO giving us a weekly average of 1,263 LEO per week. As we seem to be earning over 1500 per week at the minute, the average should keep increasing. Based on 750 LEO per week (50% of earnings), this gives us growth of 17% per year not including current and future off-platform investments.
Powered up 50% of this week's earnings as always. There's a few liquid LEO sitting in the wallet. I've been wanting to get some ETH or BTC but the current decline in the price of LEO is putting me off. I'll wait a little longer and if it does not recover to 35 cents in 1-2 weeks, I'll probably just power it up. Not to much change in the hive-engine wallet, we sold off around 50 hive's worth of POB and that's about it.
CUBfinance LP's have increased a lot compared to last week. A jump from 23,900 LEO's worth to 30,570 this week. This has provided us with a good hedge so far as the price of LEO has declined from around 80 cents to 24 cents. It will recover when the PJ snapshot is announced and our CUBfinance wallet will be worth less LEO but we biggest holding is bLEO/BNB so the dollar value will increase increase. In general, the less LEO the fund is worth, the more dollars it is worth.
Growth is a steady train and the trend continues as is. At 6 months, this is looking good. By sticking to the rules of the game, we will beable to produce results like this for years.
LEO still dominates our holding at 85%, CUBfinance LP's come in 2nd with 11% and everything else is 2%-. This is more deverse than SPinvest was after 6 months and it'll be interesting to see what the next 6 months bring.
LBI token price
Total assets worth in LEO
288,257.57 LEO
Total LBI tokens circulating
227,481
LBI token price - 1.267 LEO
That's us 6 months in. Im is very happy with the way things are going. I understand it seems slow and we dont get involved with this and that but getting involved with this and that the same as everyone else and why everyone else never really grows. Sadly being boring, predictable and consistent is the only way to do it. When you think Telsa, you think sexy electric car, you dont think of the millions of hours of laborious work and 100 hour work weeks for factory staff. You only see the result. As long as we stay on the path we are on now, we will continue to grow and the snowball effect will take over.
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It only seems slow because we're looking at it every week. If you did a "beginning", 1st Quarter, 2nd Quarter comparison I think we would see how far we've really come. I, for one, am very happy with the results. I love that we're able to keep stacking cheap LEOs from the curation and adding to the farms. It will be nice to see the BNB kick in from the Kingdom Den and I'll also be interested to see what sort of return we get on the bLeo/BNB farm. I added some more to that one myself as I think it's going to be a very important pool as Cub starts growing. I also like the decision to stay "narrow" on the investments. I bought into LBI because it is "Leo-Backed" and I wanted to keep stacking LEO. If people want to spread things out, they should be able to do that once it starts paying dividends. In the meantime, get rich slowly still works for me. I plan on being here a looooonnnnggg time. Good work, as always!
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Yea that true, if we did quarterly reports, we see more growth between them. Curation is kicking ass so we'll keep staking 50% of earnings until div's start.
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Always looking for to this charts and the report. Another decent week with a steady earnings. Great to see an increase in token price.
I must commend the team. You guys are doing a great job. Lbi doing well for a project just such month old. Love it to here right now. Happy half year anniversary
Our off-platform investments have hedged us well against LEO. We'll build building both piles :)
Thanks for the nice comment and support
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Great way to go. Nice to always have a hedge for times like this. Smart move building both. My pleasure
Your post was promoted by @taskmaster4450le
Its great that anyone who bought LBI using LEO is in the profit. I think boring and consistent is the way to go. No drama when it comes to all the nonsense happening.
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exactly, just plain and simple does it. Nothing confusing are bullshitish. No drama is good
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Oh wow, I didn't know LBI was only 6 months old. It's even more impressive that such a young project is already one of the most solid out there. Keep up the great work guys.
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LBI for me is an investment that I always forget about during the week and remember the earnings when I see your report. And then I'm always surprised to see the evolution. It's quite amazing how we grow each week and will enjoy the benefits one day.
I'm happy I kept accumulating when LBI was still available. It's the best investment!
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What is LBI token? Is it an HIVE token?
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It is on Hive-Engine.
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Thanks for reply
At 6 months, LBI token have come at far. It is still a motivating achievement and I bet the next six month will see a massive turn out
Once LEO picks up, alongside more of Cubfinance turn LBI token will as well
Keep doing what you have to do as team, the dividend will be great
Looks good. The Returns are really well on the longer scale.
The reinvestment phase shows up the compound effect :)
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As long as we all get rich I'm ok with slow and boring :P
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Did not know that CL token is worth 2.51 LEO.
Any post that can guide me that how the value of CL token is calculated?
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Happy anniversary to LBlers. this is great, thanks for the nice work done so far,
This still looks great ! Happy to see CubLife is working !
Continue like that we're all happy with this !
Going well even though the market seems all red. What is the PJ snapshot you referred to? I think is missed something as I have been spending most of my time in the real world.
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