LBI earnings and holding REPORT - #9
Authored by @silverstackeruk
Happy Saturday LBIers, another week in Leo land has passed by very nicely. The LEO price hit a new time high this week so our bags are pumping. The HIVE to LEO price has dropped but this is only because the HIVE has mooned and in a way, this could be viewed as LEO on sale in HIVE. As for LBI, we had good earnings this week, lets have a look.
Earnings
Oh yes, this week is one of the magical weeks we receive a double payout day, this time around it came yesterday for us. This helped us bag 1129 LEO this week. The bear share coming from LEO curtation as always. I saw recently that @lbi-token helped to curate about 300 accounts last month which as fantastic and it's great to see that taskmaster4450 is spreading the love far and wide.
Total earning to date are 10,133.94 LEO. We've smashed through the 10k earnings mark in under 3 months. From those earnings, 8,512.73 has been powered up and 1,621.21 has been set aside for entering the wLeo LP.
We are still over the 1000 LEO per week earnings target we set, the past 3 weeks have seen small increase's every week but I dont think this will continue. I would predict that our earnings could fall under 1000 for next week. This week the double payout saved us and without it, earnings would have been 980-1000ish. This is happening simply because more people are using LeoFinance and reward pools are split among more people. It's not a bad thing, we earn less but they are worth more :)
Holding
Issued a few hundred LBI tokens this week so balance growth has come mostly from earnings this week. You can see under "lbi-funding", the sum of 1621. This is half our earnings for the past 3 weeks, we have 1 more week to add and then we will get involved with the wLEO LP. Then from March, we will continue to save 50% of earnings for something out at the end of March.
Off the top of my head, gaming could be something of focus to increase earnings. Investing in the LP is cool but as an off-platform investment, it will not produce income. Miners at 16 HIVE, while LEO is 2.20 HIVE, is FOMO numbers. Converting LEO into HIVE to delegate to leo.voter would not be a smart move either at the conversion rate. Most games are priced in dollars and LEO is all-time highing, so looks like I've just talked us into gaming.
After March, no plans because we vote on dividends again to decide if we extend another 3 months are not.
The growth chart is looking solid. If with the huge decline in LBI token issuing's, our growth has remained consistent. When we buy into the wLEO LP, we will add a little volatility as it will be valued in $'s.
LBI token price
Total assets worth in LEO
228,988 LEO
Total LBI tokens circulating
218,443
LBI token price - 1.0485 LEO
Roundup
Its been a good week for us, we got lucky with the double payment that put us over 1100 in earnings. I'd predict we'll do 950-1000 LEO this coming week. As for holdings, next week we should be invested in the wLEO LP. Sounds silly but I look forward to adding it to the spreadsheet and then moving onto the next thing.
Thank you for reading through this weeks report, if you enjoyed it, please hit the upvote button.
Posted Using LeoFinance Beta
Excellent work @tipu curate
Upvoted 👌 (Mana: 52/78) Liquid rewards.
Thanks :)
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Can't believe it has been 10 weeks 😶
Everything looks quite perfect. I also want to thank our talented writers to bring more value to the token.
Really appreciated ^^
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Hello, yes and thank you. Everything is running very smoothly, almost on autopilot. Cant wait to get us into the LP :)
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This is not a good move. Already missed the early days of the Geyser model.
Would be better off going with that same thing when the LP for the Blank token is released in a few weeks. Can get in on Day 1 to enhance the return since the Geyser model penalizes people who join later as compared to the early adopters.
Since the Blank liquidity pool on Ethereum will offer the same model, it would make more sense to get involved with there.
Posted Using LeoFinance Beta
This actually makes sense.
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I guess that works if you want to get Eth at all-time highs, I just can't do ETH, and I think it's going to collapse on itself with all the gas fees.
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It could but I dont find it likely. Ethereun simply is going to keep having the price appreciate some more is churning out on that blockchain. The amount of money locked in DeFi is mind blowing.
It only keeps increasing also. Those playing with tens of thousands of dollars do not care about a $50 transaction fee.
That said, Hive has a great opportunity to leverage the high fees on Ethereum to contrast its feeless blockchain. We just need to get the smart contracts going on Hive.
Hopefully we are getting closer.
Posted Using LeoFinance Beta
That would be great if people pick up on this now, I wish I knew how to create all of this stuff, It looks like some people on Hive are working on it. Did smart media tokens get buried agian?
Posted Using LeoFinance Beta
LP is quite low at profits due to low volume of activity. I hope we can get a nice and steady income from geyser and airdrops instead.
Congrats for your 10 weeks project birthday :)
Posted Using LeoFinance Beta
I think the activity will be higher in the ProjectBlank Liqiuidty Pool.
There are going to be more users on that application than there are on Leofinance.
Posted Using LeoFinance Beta
Just like there are more users on noise.cash than read.cash.
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LEO is on the rise lately and it has gone up quite a bit since LBI started. Therefore I expected more people to jump onto LEO. I wonder if our voting rewards will go up after the project blank's token is released. Some of those holding LP and voting now are probably only doing so for the airdrop. Either way as a long term investment, I think the LBI token price (versus LE0) says it all as the return per year is much bigger than what a bank would return.
Posted Using LeoFinance Beta
I have a feeling that we will see the curation for LBI (in LEO) go up after new LPs are announced. There is a thought about going onto chains such as Thorchain.
That will cause LEO to be pulled out of Leo Power, which will help LBI to have a stronger vote.
Plus if the LBI followers keep LP, the author rewards for the fund should also increase.
Posted Using LeoFinance Beta
I don't plan to power down, but I may invest in the new LPs depending on my earnings. There are so many things requiring LEO so it is tough to decide. Do I want power up, invest in LBI or the new LPs? I guess I will figure it out when we get more details on the new LP.
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Yes, some details would be nice, we should just forget about it until then.
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I am sure details will be forthcoming. They might be in the White Paper or could be spelled out after the ProjectBlank app is released.
Not sure where they are going but I think Thorchain is of interest. Not sure it is ready for a LP at this point.
Posted Using LeoFinance Beta
Yeah it is going to be hard to fund all these different projects with the tight distribution of LEO. There is not a ton of it out there. Going to be near impossible to get another million LEO LP on another chain going.
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Then we also have the diesel pools in the works by the HIVE engine team. Is there even enough LEO to go around with all the LPs going on?
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Really good steady growth happening every week and can't believe we are nearly valued at 5% above Leo already after such a short time. I read @taskmaster4450le and what he says about WLeo makes real sense so we may be better off holding off from that move.
Posted Using LeoFinance Beta
Excellent work I was glad to hear that more people are using LeoFinance
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Yep, seeing lots of old faces making a return
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Nice one on the update here - how many LBI tokens are left? There's a big drop in the number being issued now it's 1.1:1 and probably staking for the Project Blank snapshot so just wondering how long the price will stay at that 1.1:1 for? Seem to remember 225,000 was the final amount of LBI?
Posted Using LeoFinance Beta
I believe there is still around 550k LBI remaining. It's not been hardcapped yet so you can still buy them directly.
Posted Using LeoFinance Beta
Oh right, that's a lot more than I first thought! Thanks for letting me know! I'll see about getting some more whilst I still can :)
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Sure :) it's cheap right now to be honest. Although it might seen very pricey , I am sure it is not.
Posted Using LeoFinance Beta
Yeah 1.1:1 is not expensive at all. With the upcoming airdrop, it's balancing how much Leo to stake and get LBI. Combination of both is probably the best bet!
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Congrats, you were upvoted from this account because you were in Top 25 engagers yesterday on LeoFinance .
You made a total of 14 comments and talked to 11 different authors .
Your rank is 7 .
For more details about this project please read here - link to announcement post
You can also delegate and get weekly payouts.
LBI is a great project and this report and these graphs prove it week after week
!BEER
Posted Using LeoFinance Beta
Yep, we do our best :)
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.Great to see that value growing. I think we will have again a big influx of funds when we will have the airdrop closed and the real value will close to 1.1 LEO. Let's see how it will look next week.
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We might get luck and it is worth more, haha
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Looking forward to the Liquidity pool.. 👍👊👏
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Should be fun, it'll be nice to have something off platform
Posted Using LeoFinance Beta
A nice week for the earning LEO. Thank you for the post.
I can't wait till we get into the wLEO LP.
Posted Using LeoFinance Beta
Yep, it was a good week.
Thanks for checking out the report
Posted Using LeoFinance Beta
Great reporting. Slow and steady, We're getting there. I believe after the leo snapshot and airdrops, the attention will shift towards lbi
10 weeks already. Days run really fast this year. Congratulations
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Im loling cause your the 3rd person I've seen say well done for 10 weeks but its only been 9. Im baffed
Posted Using LeoFinance Beta
Thanks once again for the report ! Honey words to my ears haha.
Regarding the wLEO pool, next week it would be something like 2300 LEO + equivalent in ETH. So around 3000USD total, does it make sense at the trx fees price nowadays ? Maybe not enough right ?
Posted Using LeoFinance Beta
2300 LEO plus what ETH? from where?
Yes it expensive. I've been hearing since that Project blank will also have an LP and that might be worth holding off on.
Things change to quickly, its hard to keeping up with the game.
Posted Using LeoFinance Beta
Haha you're right ! I totally made up those ETH !
It's going to be 2300 LEO with half of it being swapped to ETH before pooling, my mistake.
Definitely agree we better accumulate more to pool wLEO or and/or wait for LeoFi.
Posted Using LeoFinance Beta
If we wanted to trade in our LBI back to LEO how do we do that?
You could use the exchange. There is no buyback set up yet.
Posted Using LeoFinance Beta
Cool thanks for the info. Don’t got much but think I am just going to hold onto them.
I get confused every time somebody says LP - I have to stop and think if they are referring to Leo power or liquidity pool :)
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Haha, I thought it was just me doing that!
Posted Using LeoFinance Beta
you are not alone it seems :)
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I think that after the airdrops that a lot of people will liquefy their Leo which might take the pressure off the reward pool and increase rewards for those who are still staking.
I do find the idea of going into gaming interesting. My only experience is with Dcity but to be honest I find the rewards to be very erratic. Maybe I am just not a good gamer.
Posted Using LeoFinance Beta
I have been wondering about that too, I think if that's the case it may be a good last chance to get some cheep Leo!
Posted Using LeoFinance Beta
This is my plan also but along with trying to get a good number of projectblank tokens. It is exciting times.
Posted Using LeoFinance Beta
congratulations for the excellent job you are doing, especially in updating weekly on the progress of LBI!
Posted Using LeoFinance Beta
Thank you, it's not that much to be honest. I do everything in bite sizes chuncks and it's just another thing to do everyday :)
Posted Using LeoFinance Beta
This is how it should be done.
Reports build trust and you
guys are doing just that.
I need to get more LBI tokens.
!BEER
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Thank you.
No point in trying to hide information from people, they will ask for it so providing it is best. The weekly reports are good for both token holders and operators. Keeps everything out there and being on the blockchain, it can not be deleted. edited yes, but edits can be seen. Keeps everyone honest.
Thank you for your nice comment
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View or trade
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and it will continue this trend :)
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Making over $800 in the last few weeks of LBI's existence is a huhe. Glad to see that the dividend pool has so far pushed to $404 this soon. Hopefully in the next few days or so, the dividend pool should break over $1k.
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