LBI earnings and holding REPORT | Year 03 | Week 42
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.
Earning this week took a dip, mainly for 1 of 2 reasons. 1st being LEO is worth alot more against so our rewards leo.voter have been updated to reflect this and the 2nd is we're not posting as much content as we used to. @jocieprosza put out a post a few days post, please go and check that out and in that post he addressed content from LBI.
Another week and we add more LEO, HIVE and HBD to our wallets. Nothing special are exciting happening.
I converted CUB harvest this week into BTC as i have been doing for the past 5-7 months and we are building up and nice stash of BTC, it would be nice to get 0.1 BTC before the next halving event. Overall, our non-HIVE holdings took a hit this week as most crypto ended down for a week.
The price of LEO has gone sideways this week as everything else dropped a few percent. This results in a lower LBI token price because our non-LEO holding now gets less LEO. It looks bad the LBI token going down but it not at all, it means that LEO is stronger 😁
Thanks for checking out this weeks report. Have a great week.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
!pimp
You must be killin' it out here!
@tbnfl4sun just slapped you with 1.000 PIMP, @lbi-token.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
I read some stuff recently about BUSD going away or something happening to it. That got me nervous enough that I pulled out of the BHBD/BUSD pool over on CUB. Is that something we should be looking at or concerned with at LBI.