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 are consistent with what thy have been for a long time now. Leo.voter take top stop this week with over 300 LEO earned, HIVE content came in 2nd with 138 LEO and LEO curation 3rd with 138 LEO. I notice HIVE content is always one of our top earners and most weeks and most weeks we only upload 1 post. We're missing out on alot of potential income by not posting content like we used to. Top income this week was worth 808 LEO.
All our main HIVE wallet holdings have increased a little bit this week. We hold around 450 more LEO, 60is more HP and a few HBD. I still plan to burn all the LBI tokens we are holding but would like to offer another buy back before doing so. This time round, i'll be using funds from our non HIVE wallet to do these buy backs. When? im not in any hurry so within the next 2 weeks. I will announce it in a weekly report.
Non-HIVE holdings have performed well this week as the crypto market got a nice boost a few days back. I converted CUB harvests into BTC as always and thats about all. I plan to eat into the HBD/BUSD LP to fund the coming buyback.
Overall, another standard week. It's hard to get any traction going with this account. When it happens, it happens but needs LEO's price to do something positive. The LBI token price increased to 3.13 LEO this week, this is due to the crypto market increasing and our non-HIVE holding being worth more LEO. Its been a crazy ride from #51 shown on the price chart to now. We mooned for a few months, dropped for a few months and have been clawing it back since. Nice to see us over the 3 LEO mark again.
Thanks for taking the time to check 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