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.
This week we have earned just over 2200 LEO in total. We can see from above, the bulk of our earnings come from 3 sources, in order of Leo curation and then hive and leo content rewards. Earnings on a day to day basis looks consistentish with an average of just over 300 LEO per day. I'd be happy if we can stay over 2000 LEO pr week.
The total fund is up a little on last week thanks to the crypto market going green the past few days. It would be nice to crack 1.70 LEO per LBI soon as we work our way to 2 LEO per LBI. Small steps and all that. Have a great weekend
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI