LBI earnings and holding REPORT - #25

lbi-token in #hive-167922 • 3 years ago

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.

Weekly Recap

Ok folks, not wrote anything under the tables and charts this week because im mentally drained and trying to put a good spin on something that' losing value every week is not easy so i'll do my update in this recap part of the post.

Here's your update
Nothing has happened this week, the price of LEO and CUB dropped so no surprises there. The price of the LBI token has increased to 2.09 LEO each but i dont take any pride in this because all's that has happened is the price of LEO has dropped more than everything else we hold which is pretty standard and im thankful everyday we have holdings that are not LEO. You know we hold over 200k LEO and HIVE content rewards are double that of LEO curation rewards, take that how you will. Curating from over 2% of LEOs total supply is equal to rewards for 3.5 posts could be another way to view it.

No idea what to do with LBI. It's basically a fancy curation trial where the curation rewards are shit and real earnings come from creating content. When LBI launched, there were 6.5 million LEO in circulation and now there are over 11 million so I guess this would explain why curation rewards are dropping. I have tried many times to suggest idea's on how to increase our holdings by moving funds off HIVE out of the LEO ecosystem but everyone wants to keep everything within the LEO ecosystem. I can understand this POV but I dont I agree with it because it's not the model LBI was set up on and it's a little retarded, to be honest. We've watched LEO drop from over $1 down to almost nothing and still people keep the faith, why?

Look at CUBlife as an example. CUBlife is the side project, all it does is a farm on CUBfinance and split harvests in dividends and reinvestment. CL tokens were issued at 1.60 LEO on release and today they are worth over 4.3 LEO each with 60 minutes work per week. CL token would be worth much more but its 2 biggest holdings (LEO and CUB) have both fallen over 95% in price since CL's release. At this rate for LBI, our 10k HIVE that is delegated to do leo.voter will soon be earning more than 200k LEO will from curation. It's already 50% the way there. It's not good.

As the fund manager, I dont see any requirement for me other than bookkeeping and putting out content. I actually feel bad because I know lots of people had high hopes for LEO and LBI and we've only had disappointment since. I am not saying that the LEO ecosystem has not grown since LBI was launched but all of its growth has been focused on building off HIVE with silly farms and promises of things that will never be.

Sorry, I dont have anything nice to say this week, I had written more but deleted about 300 words.

There's your update, LBI token price is 2.09 LEO..., super stuff

HAVE A GREAT WEEKEND!

(LEOfinance frontend is not working 🙄 so uploading from peakd)

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

#leofinance #hive #money #crypto #proofofbrain

3 years ago in #hive-167922 by lbi-token

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stdd 3 years ago

You're very sensible, I think you should try to take a vote among the holders and move forward with your ideas. It's silly to wait another year just looking at assets...
!CTP

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lbi-token 3 years ago

That could be an idea. I can think of a few places to invest into but sadly the fund has already lost some much in terms in dollars, it feels like we are just deeper in the hole and no rope left to climb out.

Thank you for your nice words and feedback.

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stdd 3 years ago

🤜🤛🙌

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shanibeer 3 years ago

it feels like we are just deeper in the hole

It may feel like that but it's not actually the case. There is support in the comments section for an alternative proposal. A vote would decide.

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ericburgoyne 3 years ago

I am for 1 into anything that will make us money in the long run. If we need to invest out of the Leo system to reach that goal we should do it.

!CTP

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lbi-token 3 years ago

Thanks Eric

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epic-fail 3 years ago

well, thats one heck of an honest breakdown. When do you think $LEO will head back to $1 and what will it take ?

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1 vote

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lbi-token 3 years ago

$1? are you joking?

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epic-fail 3 years ago

I have a sense of humor

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spinvest 3 years ago

Glad you replied back to this, i had just made the mental note (To far gone to be saved) for your username. lol

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1 vote

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yieldgrower 3 years ago

Posted Using LeoFinance ^Beta

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bitcoinflood 3 years ago

Not gonna lie I love the color theme on the stats and graphs 😍

Posted Using LeoFinance ^Beta

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lbi-token 3 years ago

Thanks, i tired to keep within the LEO orange and black 😁

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hetty-rowan 3 years ago

Great and honest update ...

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lbi-token 3 years ago

You know me,

I've some held back, lol

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hetty-rowan 3 years ago

Yeah, and you know me. I did exactly the same with my comment. Lol!

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rcaine 3 years ago

Your numbers look really good. I need to do more investigation into the Leo Backed Investments. Thanks for sharing.

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1 vote

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oldmans 3 years ago

I'd say at this point you should take at least some of the fund in any direction you deem profitable. If that is outside of the LEO ecosystem so be it.

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spinvest 3 years ago

thanks for the feedback and support but too little too late.

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khaleelkazi 3 years ago

"I am not saying that the LEO ecosystem has not grown since LBI was launched but all of its growth has been focused on building off HIVE with silly farms and promises of things that will never be."

"(LEOfinance frontend is not working 🙄 so uploading from peakd)"

I can appreciate candid feedback but these two statements are contradictory.

We've built so much these past few months. My god, LeoMobile, LeoFinance.io, Community Pages, new versions of Lightning and LeoInfra.

My frustration is in people saying that nothing is happening on LeoFinance (Hive). Token price seems to be all some people can focus on.

That said, I know that you (SSUK) have been a big supporter of LEO and I think LBI is a great project. I personally will always focus on technology and developments of the team over all else but I know that when prices start dropping, people lose their better judgement

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2 votes

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cmmemes 3 years ago

so much shade been thrown, love it :))))

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lbi-token 3 years ago

I know you work hard and respect you for that.

Just on a downer this weekend my friend. I'll try and shake it off and get back to normal 😎

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1 vote

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cmmemes 3 years ago

I think this reply was meant for khal but I'll take the compliment :)

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shanibeer 3 years ago

Investor expectations are always difficult to manage and often emotions take over. Your increased involvement with the LEO community will help with that.

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jfang003 3 years ago

In my view, it's fine to invest some funds outside the ecosystem because the purpose of LBI was to generate a return for the investors. Move where the returns are high and make the most of it while giving us enough safety. I still believe in LEO but I didn't realize that the circulating supply of LEO went up that much.

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lbi-token 3 years ago

Yep, inflation is pretty high. I dont think it has too much to do with the token price decline but im sure it factors in. Also I think (80% sure) that LEO inflation decreases over time.

Thanks for your comment and feedback.

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shanibeer 3 years ago

I take the points in the post, @silverstackeruk, and @khaleelkazi's response in the comments.

I'd like to see continued investment in LEO - it's early days and the price of tokens will go up and down. I'm continually seeing development of the LEO ecosystem but perhaps investors expectations need managing a little better and @khaleelkazi's increased engagement with the community will help with that.

At the same time, I'd like to see a diversified lbi-token fund where a portfolio of different investments compensate for rises and falls in individual token prices - sort of an umbrellas and ice creams scenario.

It would be great to see a proposal for an investment plan for the lbi-token fund where LEO continues to be the focus of, say, 60% of the fund, but the other 40% is diversified into other growth and income streams. When we have that, I agree with the proposal in other comments to put it to a vote.

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