LBI earnings and holding REPORT - #38

Welcome to this weeks LBI token earnings and holding post

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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.

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Smashed it again with earnings over 2000 LEO. This is great news but we are only getting these results because the price of LEO against HIVE and our HIVE earnings are ballooning. Everything from "HIVE CONTENT" down is HIVE earnings and all powered up. With such a high ratio between HIVE and LEO atm, we can see HIVE earnings making up 25% of our weekly income.

Dividends this week are good and represent an APY of 15.7%. Not a bad passive income considering the value of the token has increased by 50% since its launch 9 months ago.

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The top chart is this week, the bottom chart is a total of over 38 weeks.

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Total LEO earning to date or 53,452 LEO which is an insane number of LEO. You see below how much we have earned from each stream from launch. Curation is king for us and i'd guess always will be.

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Not much change here, i did double think this week about powering up all our HDB and UTOPIS earnings. Thought might have been a good idea to convert to LEO because the ratio is so high but i just powered it all up as normal. Getting the HIVE wallet to 10,000 would be nice. Getting to LEO wallet to 300k would be even nicer. Our HP balance is bringing us in over 50 LEO per week through leo.voter as it's pays a steady 16%.

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This week, I saw that the price of UTOPIS has dropped down to 3.2 HIVE so I placed a buy order for 100 at 3 HIVE each. If it is not filled by next week, I'll prob pull it and convert the HIVEp to LEO as I dont see everything else that great on HE atm.

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This week we've seen a small increase in the LEO value of our CUBfinance wallet but the $ value has taken abit of hit to the turn of a few thousand bucks. This crypto so we are all used to these things happening. The important thing is the LBI token price has not been hit hard. Our biggest LP token is bLEO/BNB so the biggest swings a 50% pegged to LEO.

I added another $50 to the DEC/BUSD farm this week. We earned dust in CUB with our investment of $120 last week but we also earned 17 SPS tokens which have been sold into HIVEp. I keeping adding $50 into this every week for the next 3-6 weeks. The rest of our harvested CUB went in the BTC/BNB kingdom as we continue to grow that.

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We've been lucky and seen 2 weeks of beating the trend. If we can keep this up, we'd be doing great.

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LBI token price
Total assets worth in LEO
340,443.42 LEO

Total LBI tokens circulating
227,481

LBI token price - 1.497 LEO

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We are so close to 1.50 LEO per LBI token. It's actually going to 1.53 a few days back but has since dropped back down a little. 3 weeks of beating the trend :)

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It's been another great week for us, earning over 2000 LEO in total. Dividends should already be sent out. Thank you for taking the time to read through this weeks earning and holing report. Have a great weekend.

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Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI

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