Official LeoBacked Investments account - @lbi-tokens

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(Edited)

Hello LEO community

This is the 1st post for LeoBacked Investments. We have no thumbnail yet but we are hoping a few lions will take part in our token logo design contest. Free to enter and could be fun to get your creative juices flowing.

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Breifly, what will LBI tokens be?

LeoBacked Investment (LBI) tokens will be exactly as they sound. LBI tokens core mission will be to stake LEO, invest into LEO miners and take part in the wLEO LP on uniswap further down the road. This account will also produce investment-related content along with weekly reports of earnings and investment updates for token holders.

  • All LBI tokens will be backed with at least 1 staked LEO per token.
  • Each LBI token represents an equal share of @lbi-tokens HE wallets, HIVE wallets, staked LEO including all on and off-blockchain investments.
  • 50% of weekly LEO earning are paid to token holders in the form of A Leo Dividend
  • We will buy your tokens from you when you decide its time to cash out
  • Tokens will be launched at 1 LEO per 1 LBI
  • Tokens will be issued manually to ensure all tokens are 100% backed by staked LEO. (We sell LBI's for HIVE and LEO jumps 20%, I have a problem and the model fails)
  • This tokens circulating supply will be capped within this first year with all remaining tokens held by this account to be burned.

LeoBacked Investments Tokens will be their own fund and its actions will always be in the best interest of its underlying assets and ensuring token holders funds are safe and not invested into magic beans are this months hot defi food. Under the watchful eye of SPinvest, this projects team will have support and guidance on tap to grow this into a huge thing for the LEO community.

What to expect in the coming week from us

1/ Post to be released to make a call out for LEO community members to nominate themselves to join the team. All details will be provided in the post. We are thinking something like 3 people plus @silverstackeruk. We have @taskmaster4450 for advice and his clout but a small team to start with is best. Being on Discord would be a huge advantage for communication. We can always add more team members when required. We require people to be active and people have a tendency of burning out so not every Tom, Dick and Harry meet the requirements. Rewards will be offered on a fund performance-related basis to team members.
2/ Post to be released to show a much more in-depth look at what we are going to achieve with this account, how we use time tested and proven methods of generating income and making sound investments to produce passive incomes. Details about governance, fund management and a 6 month plan will be included. Transparency is very important to us.
3/ LBI token logo contest - Lets have the LEO community come up with and vote in the best design to be used for the token. Prizes offered. Please check out this link for details. 6 days left to enter

LBI tokens are HODL investment tokens

LBI will be a long term HODL token based on SPI's model. Because these tokens are backed and valued in there primary assets, the value only increases. Think of it like 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.

Here's some food for thought. 100% of SPI tokens holders are in profit right now and 98% of the time this is the case no matter when they invested. Its get a small variance at times due to its non HIVE investments. We turned $12k from token sales into a well balanced and managed $50k fund today. Not huge numbers in terms of dollars but the 400% increase is something I need to throw out there. Super lastly, SPI's biggest cashout to date was for around 12,000 SPI tokens an exchange for $4997 tether USDT, if we say we will buy your tokens back, we will. Any other projects out there cashing investors out in cold hard cryptocurrency. FYI, in SPI's 20-month history, only 2 people have ever used the cash-out option but its there to offer liquidity to heavy investors. We understand liquidity is a problem but because we're 100% backed, it's less of a problem for us. I believe this project has the potential to be on power are maybe even better than what SPinvest is doing with SPI because of the more interactive community. Time will show and that time will begin on..................

Monday the 7th of Dec

Please follow this account if you interested in LBI tokens as all updates will be coming from this account in future.

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Cool, let's see as I was planning to diversify in LEOM. Some LBI will not hurt my portfolio. :)

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Congratulations @lbi-token! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 10 upvotes. Your next target is to reach 50 upvotes.

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Do not miss the last post from @hivebuzz:

Project Activity Update
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Tokens go on sale Dec 7th on H-E?

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No they will be direct sale; LEO sent to the LBI account and then the LBI sent to your HE wallet.

This was how SPI was done. It prevents wild price swings on the open market with few tokens out there.

Once the allocation is reached, just like with SPI, then the only place to get them is on the open market.

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A great initiative. This is the type of thing that will further help the LEO token because it further locks up a portion of the float.

At the same time, through both passive and active investing, we can see outsized returns, even greater than what the individual will realize on their own.

I can state from personal experience that I make a fortune by amassing SPI tokens. Since this project is based upon the same model, I expect mint to be generated here too.

Simply another way to make money with Leofinance.

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Thanks! I’ll have to save my liquid Leo tokens now a d then use them to get these LBI tokens! I was a little confused at the lack of a date but it makes sense now. Do you accept partial tokens like .5 Leo?

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awesome, thank you for the nice feedback. Yes, I got to the bottom and released I had not put in the release date yet, lol

Yep, LBI token has 3 decimals and part tokens can be issued. You send 4.55 LEO and we send you 4.55 LBI :)

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I hear LEO is a pretty good thing. I'll have to get me some of these tokens that are backed by it :)

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Who told you that? Was it task...something?

You heard about SPI's and what they do, now it's time for LEO with it's much more interactive community to show how it should have been done on HIVE.

Let's lock up some LEO forever :)

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I think you have No Idea, "KHAL" 😹🤣🤪 (jk!!!)

Mr. SPInvest took a shitcoin like HIVE and made it AWESOME, Imagine what he can do with an Awesome Coin like LEO??? This has the potential to exceed SPI, in my opinion.

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How many minimum-max LBI are you guys are looking for?
In pure crypto terms, what is soft cap/hard cap of this project?

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Ive created 1 million LBI token but that's overkill. We can always burn them but cant produce more.

We are aiming for a min cap of 100k but if we think we can issue more are introduce some sort of wrapped version, we might go for 250k. I cant us ever needing 500k as that would be 30% of liquid LEO in circulation and to ambitious.

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Any Min-Max limit for individual users?

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There is no min-max for an individual.

Buy as little or as much as you like.

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great initiative! every project that encourages HODLing of LEO is worth supporting.

Any launch ETA?

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Yes, we hope to lock up a bunch of LEO for a very long time. Launch will be Monday the 7th Dec :)

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So this is like a LEO hedge fund type thing for the lazy/not tech savvy folks to do all the investments. That's a super cool free market idea. There will be tons of demand from users who want passive income.

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That's exactly what it is in nutshell.

We've been doing it on HIVE with the SPI token for 20 months. The feedback on these so far has been great, i really looking to getting started.

Thanks for checking out the post and dropping some feedback

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(Edited)

Really great to see this. I have 4,500 LEO which mostly lie dormant. I have been looking for a way to invest and earn from them. It's an excellent way for very small savers and investors to become involved and start building a nest egg.

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Im gonna sell my STEEM monster cards and convert the lot into LEO for this. I hope to get at least $1000 so that's what im starting with (SSUK)

We both know that these will not be priced at 1 LEO for long ;)

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I can see that this will be another great addition to any portfolio, Looking forward to the launch details.

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So much is happening in theworld of LEO. I need a spreadsheet to keep up, and count the profits! This is good for busy people with limited time.

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You don't need a spreadsheet, just give all your LEO and I'll post the spreadsheet every week :) haha

But in general, its a good idea to have an excel sheet are something to track things as it's easy to forget you have stuff in crypto land

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I will not miss this opportunity, for sure !!! A PayPal purchase for the launch may be a plus.

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I would rather not but if the money's right.

Could be done for you as SPinvest has some HIVE it's looking to cash out in to fiat so you can buy HIVE from SPinvest with your fiat and i'll convert that HIVE into LEO and boom, job done with no crypto transfer fees to pay. Fiat to LEO for free :)

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Uh I have to get at least the same amount as my spi tokens and then a lot more haha
So I will buy at least 1k tokens

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haha, more is always good.

You have a nice stack of SPI's so you know how it will work. Great to have your support

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Ill be in line waiting!

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Love your username, that's what we are all about

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Ya im holding all my hive. plans for more purchases as soon as I can get back to work. right now no income till the politicians in the US get off there asses about the economical help. but thx for the response. nice to know ppl care

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This investment initiative sounds awesome. Very interesting to be a part of it from the beginning. Hopefully, someday, LBIs could be used for airdrops.

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Khal airdropped over 1000 SPI tokens on the 1st year Leo birthday, maybe year 2 could be LBI?

Puts me under a lot pressure as i'll need to think up another token for year 3. lol

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It's great to see this idea become a reality!

I'm increasingly beginning to wonder whether LEO will become the catalyst that pulls Hive out of the doldrums...

=^..^=

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Could be, i hope so. People need HIVE to get LEO, well......almost. haha

Thank you for checking out my post and dropping some feedback.

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@LBI-token

awwww, you missed me!!! 💪🤩👍

I'm IN!



I was powering down LEO for wLEO, but having second thoughts because I really don't wanna fuss with meta-mask and all that garbage... THIS is more my style!! I made BANK on SPI, and this has so much more potential being with a better "base pair" (cuz Hive Sucks!)

I agree with your comment that LEO Community will likely climb aboard better than Hive did. Now the crybaby witnesses have more to cry about. SPI torched Hive's "returns" (losses) and makes the parent coin look like dog poo. This superior model, along with a superior vehicle (LEO) should do very, Very, VERY WELL!

Props to the @spinvest team!!! (my former mates!)

🙇‍♂️🙇‍♀️🙇‍♂️🙇‍♀️🙇‍♂️

You are all AWESOME!

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Fingers crossed man,

But I'll only sell you tokens I've your gonna fookin HODL them. Long term it mofo!

This time round, we're gonna smash it from day 1. I've been told by so many people already they are going in heavy on this, might need a 250k mintage.

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fookin' HODL!! 💪😋👍

Yeah I think my Gold Passion is settled down a bit, and I did LEARN for a FACT that SPI is really as SAFE AS IT GETS for a Crypto HODL Deal. Again, this is disposable income, or as I like to call it, PLAY MONEY. Even better, we have not seem the BOOM and Bust cycles with LEO, like nearly ALL Crypto experiences. We find a new level and it HOLDS.

I even think $1.00 LEO is very likely, if "Us Whales" HODL and HODL some more! I do agree, one year was not long enough. Despite HIVE "shTTing the Bed", SPI is up a TON. I saw where Momma @metzli said you guys passed the $50k Mark? AWESOME!

The model is outrageously successful, the only thing I think is that perhaps the gaming cards might be getting a bit diluted, less potential for gains there. Aggie is milking the game systems a little hard it seems. Just my 2c 😋

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Well it's another way to diversify my LEO returns and SPI has certainly done well!

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Yeah, spreading your eggs out never hurts as long as your not trying to pick the not x20-50 token.

Thank you, good to have your support

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I'll probably go in with 1000, that's what I've got in wrapped-leo which I was saving for a pump, but this is more my kind of thing.

You totally lost me on the double negative there.

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So one has to buy Leo, and then buy LBI and then stake it ? It's not quite clear what it means by tokens are 100% backed by staked LEO. Can we earn LBI by staking Leo as well ?

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No staking is required by you. LBI tokens work on POH (proof of holding) model. In a nutshell, you buy your LBI tokens and just hold them in your wallet, no staking required.

When its says the tokens are 100% backed by staked LEO, that means that every LBI token issued will have 1 LEO staked on the token holders behalf by @lbi-token. So if we issue 100,000 LBI tokens, the @lbi-token account will have 100,000 LEO staked in its wallet. The profits made from that 100,000 staked LEO is used to pay weekly LEO dividends to token holders and to make further investments to increase the token price.

And lastly, you can not earn LBI by staking LEO because LBI is not part of the LEO team. If you mean delegating LEO to @lbi-token in exchange for LBI tokens, this would not work as tokens are backed by staked LEO which is not the same as receiving a delegation.

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(Edited)

This sounds like a much better opportunity to earn than merely from curation rewards - which is already a great way (and potentially gets even better, as a lot of LEO will be unstaked for LPI, shifting voting power). I need to find a good balance now between LPI, staked LEO and the WLEO liquidity pool. In short: I need more LEO. :-P

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Damn right, we'll make a little bit of money from curation, some from posting, some from this, more from that. I'll try and get a post out by Monday going into more detail of the plan. I like to be transparent but i can't speak everything because of trade secrets and all that. On DM, im an open book.

You need more LEO, we all need more LEO. Let's stake it and build something great.

ps, i never knew people were unstaking LEO to invest into LBI. Holy flip!!

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I have been both pleased and amazed with the success of SPI. The thought of replicating this model but with Leo is simply mindblowing. I will certainly be picking up some LBI when they become available.

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looks like i will see you on the 7th ;)

do i just send leo straight to lbi-token account ???

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