LBI earnings and holding REPORT | Year 03 | Week 25

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 up around 100 LEO from last week. I thought LEO curation would have dipped because of the unstaking but maybe we'll see that next week. HIVE content is #1 this week and nothing else out of the blue.

I have converted about 25,000 LEO into swap.hive and bought back over 11,000 LBIs in the past week. I plan to continue to buy back tokens until people stop selling them so we'll see how deep the rabbit hole is.

If we use all the LEO from the powerdown to buy back LBI tokens, the next thing to liquidate will be our EMP position and maybe some of our stable LP as well.

The LBI token price is the same as last week. We saw LEO increase by around 5% which would normally mean a decline in LBI price but HIVE is up around 10% and this nicely cancels out any LEO value loss which is awesome.

An update on CUBlife. The coder has been a complete no-show for 6 weeks and can't even replied back to my DM's. This evening I used the hive-engine airdrop feature to issue out the last 6 weeks worth of rewards for that so we're up to to date. Going forward, I can find another coder but it will cost $100 to set up a nd $10 a month to maintain. I'll figure that out next week.

Tahnks for taking the time to stay up to date with LBI. Have a great weekend.

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