Hello LBIer's, this week has been another great week. I seem to say this every week but it's true so would else can I say?. It's hard to have a bad week when our earnings are built on consistent curation rewards, content rewards and income tokens.
Earning are up at just over 1650 which is where we want to be. LEO content earning have been higher but content can go up and down depending on a few factors. HIVE content rewards are catching up and leo.voter rewards are increasing as our HP balance increases by 200-300 HIVE each week. Earning are good, we just need to add a few more streams and bob's your uncle, 2000 LEO per week.
The dividend pool this week is 830 LEO
The top chart is this week, the bottom chart is a total of over 34 weeks.
Total LBI earning to date or 45,847 LEO with a weekly average of 1,348 LEO. Just out of interest, if you are this works out to an average of 70,361 LEO per year. When we look at our hardcap of 227,500 token, this is 0.31 LEO earnings per token per year. After we factor in 50% dividends and 10% for SPI, we are left with token growth of 0.12 LEO per token. When we break this down further, 0.12 LEO per LBI priced at currently 1.35 LEO is really 9% growth. 9% growth from LEO earning after expenses is good and our CUBfinance earnings make up the rest to get us to over 20% per year, just over.
Not done everything with our LEO earnings this week, just let them build up until i decide what best to do with them. Options are power it up, invest in easydefi are a passive LEO income or convert it to bLEO. Im still testing out out noloselottery and easydefi for SPI so that's our guinea pig to see's their ROI's.
The HIVE balance continues to increase each week with content and curation. We earned a little from UTOPIS as well and just powered it up. Would be nice to get leo.voter earning us more than 5 LEO a day.
Almost no activity from the hive-engine wallet this week. We converted a few POB and CTP's into HIVEp but nothing else.
It has been an excellent week for us on CUBfinance. I do plan some time to get us some others off-platform investments not on CUBfinance but for the stage we our at and until we have tens of thousands of dollars, CUBfinance is perfect for us to use as a piggy bank to grow our non-LEO/hive investments.
Crypto is up this week so gains all around. I used 100% of our harvests this week for the BTC/BNB kingdom as the APY is sitting at 40%+ and that's too good to pass up IMO. The plan for the foreseeable future will be to add to this kingdom until something changes my mind. BTC and BNB are both top 5 tokens, should be safe enough. BNB could fall from grace as it's still sorta new to the top 5 but we'll see. Our CUB is compounding down nicely with 13 more than last week and everything else is up in terms of dollars so we can mark it as a win because it's pumped the price of the LBI token a little.
LBI token price
Total assets worth in LEO
309,280 LEO
Total LBI tokens circulating
227,481
LBI token price - 1.36 LEO
The LBI token price is performing very well, better than i expected to be honest. I thought that because the price of LEO was up 5-6% on last week, the LBI token price would be decreased a little because we CUBfinance wallet would be worth less valued in LEO. This results in the token price dropping a little but it never happened so it's a nice surprise for me to see the price actually increasing to 1.36 LEO per token. I was a little baffed to be honest but then i realised that our biggest CUBfinance holding is bLEO/BNB so that explains why the price increased instead of decreasing. I hope that makes sense. If not, it's good news :)
Week 34 has been another good week the same as every other week we have. Because we are built on strong foundations, each week is consistent ish and we dont live in hope that things will be better from 1 week to the next. As LBI continues to expand, our incomes and growth will snowball. Growth will snowball more than earnings because there's a cap on what we can earn from content and even curation from a certain angle. After we get the growth, we refocus back to earnings but im talking in 3-5 years time. SPI is not even got to this stage yet.
3-5 years might sound like a long time but it goes by fast and it's better to get a $1 a day forever in 5 years than it is to get $0.01 a day today forever. The killer is all time we gotta wait for this to happen. The work, grind and time put in are what we do to fill the time.
Thanks for reading through this weeks report.
PS, I made a sin. I've posted this from the peaked frontend as the time was 23.59 and i have to upload before midnight. My bad Lions
