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.
Earnings this week have been great. HIVE content has been the biggest earner, followed by HP delegated to leo.voter rewards and then LEO curation 3rd. I am having problems finding somewhere where i can filter daily activity and can only find week, so HIVE rewards are an average over the week. I am not really sure how to increase LEO incomes as curation reward have been declining as LEO inflation high and content rewards are dropping as we are a small piece of the pie.
Going forward, i'd see us earning 2000 LEO plus per week for the next few months at least. The HIVE/LEO ratio is a big factor in our earnings so we'll watch this and see which way it swings.
Wiped out the liquid LEO balance to fund this weeks double dividend. We'll soon see this balance increasing. Another week, another 50 HBD added to the saving wallet. Not much change else were, UTOPIS is still tanking, our BEEswap LP is floating around $200 as always and smaller HE holdings are going up and down, i will need to have a clear out.
I had some PC problems this week, i've lost 2 HDD's in the past 9 months so i replaced my PC and getting everything set up again. The stats for the past YTD are on my other HDD thats messed up and im scared to contact it to my new PC with the fear it will destroy it as well. I ahve only just backed up the metamask and keychain wallets this evening a few hours ago and im getting caught up on harvests.
Overall, these holdings are up around 15k LEO from last week so all gravy
You can see the gap in the above chart, i can go back in time through each report and let the week price and fund value. In the mean time, i will be taking my HDD and computer to the PC repair shop there's files on there i need. All of LBI's and everything under SPinvest is safe, just personal stuff i need that i never backed up. Been watching videos on "repairing disk errors" and been trying for 5 days already to fix it. PC shop time, get an expert at it.
Anyways, double dividend this week as we voted on holding off on dividends for a while. I've already been in contact with the GOV team and going forward, you can except to see a vote to decide for how long should be hold off for before starting votes every 13 weeks on when to restart. This is the same process LBI used when introducing dividends in the first place. Set period of 6-18 months and then when that time is up, vote every 3 months. So watch out for that.
Have a great weekend everyone.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta
