Quick timeline of the past 7 months for LBI

Authored by @silverstackeruk

Hello, LBIer's. Today we dont have much to talk about, not enough to make a whole post so we'll talk about a few different things that we've been doing to give you guys a quick update. Tis the 1st of July so LBI has been up and running for pretty much 7 months now, I think we launched on the 7th/8th December, was a Monday I remember that much. Seems like longer, maybe because we've stayed busy and get a bunch of things from the roadmap done. Like what? Let's have a look.

• Community designed and voted for LBI logo
• Released terms and conditions post
• Introduced Content team (@hetty-rowan, @taskmaster4450le and @silverstackeruk)
• Launched 7th Dec and sold 67.5k tokens worth over $19k in the first 12 hours
• First official earning and holding report uploaded on the 26th Dec
• First token holder vote. It was the 1st Dividend vote. 1st Jan
• Token holders voted on current governance and proposal models and put into action. 6th Jan
• Introduced token holder voted in governance team. @bozz, @alexvan and @empoderat. 19th Feb
• Started to accept proposals from tokens holders. 18th Mar
• Tried and failed with "Help a CUB" on 15th April
• $4000ish CUBLIFE (CL) airdrop dropped to LBI token holders. 7th May
• LBI token hard-capped. 7th May
• CUBLIFE launch. Issued 6200 CL tokens & collected $8100 from presale. 21st May

That brings us pretty much up to date. I've probably forgotten a few things but that's the white meat of it. So now you know what the craic is and what we've been doing, that looks quickly at the stuff we've been doing more recently on an investment level.

CUBLIFE update

If you not aware already, LBI launched its first subsidiary project a few weeks back, it's called CUBLIFE (CL) and its purpose is to use HIVE/LEO collected from issuing tokens to invest in CUBfinance. 50% of weekly harvests are converted to LEO and forwarded to token holders as a weekly dividend. 40% is reinvested and 10% goes to @lbi-token as an operators fee. With the latest hard fork we get the feature of being able to produce subscriptions with recurring payments like a direct debit. For something like CUBLIFE and it's distribution model, this is a god send.

Sticking to CUBfinance. I was reinvesting harvests to the stable farm the past 4-5 weeks but there's been a change. They've added a BTC/BNB LP to kingdoms and over an APY of over 60%, it's a no brainer. I've already got us in for $80 but this will grow as im waiting to convert our stable into BTC/BNB as I still think the bullrun is on and this last 4-6 weeks has just been a huge correction from it going from $4000 to $65,000 between Mar 2020-2021.

My ballpark plan for CUBLIFE is the invest the LEO/HIVE from monthly token sales into higher APY farms that contain CUB or LEO and reinvesting harvests into kingdoms/farms that do not have CUB/LEO in them. The bulk of invested money is going into CUB/LEO LP's to produce a high dividend. The harvests which are a small % of the overall holdings are invested into hedge crypto's that could help prop the CL token price if CUB or LEO continue to decline. Gotta be prepared for whatever. I feels cheap converting CUB to get 0.00104 BTC but hey, LBI now has 0.00104 more BTC than it did a few days back and it'll grow.

Next LBI dividend vote?

I have been getting a few questions from different people asking about when the next vote for LBI dividends is. Not really a question for me as the governance team handles this. Here's a link to a post from the @lbi-gov account. It's got a road map until the end of the year. If your lazy and just what the answer... the next vote is at the end of July, this month.

A rough ballpark dividend figure for holding 100 LBI tokens based on the recent earnings report would pay out 0.41 LEO so roughly 21.4% APY. That would mean 21.4% was being reinvested into growth as it's 50/40/10 after dividends start. Remember, no operator fee has been taken from @spinvest yet. Based on 34,728 LEO in recorded earnings, postponing dividends has saved LBI 3470 LEO so far. I'd personally love to see them postponed again but I think most others will not feel the same, haha. 7 months with 100% reinvested is ok, you've all done well and your reward is an ROI of 26% on the LBI token price instead of 13% and a few LEO that makes no difference to the wallet. I'll stop. You vote for what you think is best for long term LBI token price growth 🤔

A few other smaller things. I've been collecting up HIVE in the hive-engine wallet. I'll soon convert that to LEO and get it powered up. Everything else is running along smoothly. We wait for news about polyCUB, we will explore what subscriptions offer to us and we'll keep doing what we do. The model is working. Reminds me of an old saying. Hours and days drag by but months and years fly by. We dont see much change from week to week but over months are years the changes are more highlighted.

That's the post for today. Nothing special, just a timeline of what we've done to date and 2 updates but info shared all the same.

Posted Using LeoFinance ^Beta