LBI earnings and holding REPORT | Year 03 | Week 28

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.

Income this week is a little better than it has been the past few weeks, HIVE content is up a bunch. I notice that leo.voter missed 2 days this week and double paid 1 day so 1 day of payments missing. We will maybe see a small boast in LEO curation income for next week as 35k was staked this week.

Looking at the table we can see that Hive Power is now our top earner when we combine leo.voter, HP curation and inflation. Crazy to think we started with 200k staked LEO and 0 HP and today our HP that we got for free outperforms LEO for income. If this tread continues, we will need to consider some sort of HIVE powerdown to be converted into LEO but its not that easy when LEO has little to no use case and no earning potential.

We continue on and hope someday things turn.

You've notice that the amount of LBI we are holding last week has only increased by 1k which is good, this means not that people are selling back the LBI and anyone that is going to sell most likely has already.

No change is any of our HE holdings this week.

As with each week, converted CUB harvests into BTC and not much change else where. In terms of dollars, this wallet took a hit this week, not a lot. The price of LEO dropped more so this wallets value has increased and is worth near 200k LEO again.

Big jump in LBI token value this week. We can see in the price chart we have been increasing the past 7-8 weeks and back onto the road to recovery having peaked out at over 3 LEO each 3-4 months back. The buy back wall on HE will keep getting funded until there only a few hundred bought back per week and then we can have a big token burn. The burn will not have any effect on the LBI token price because they are priced in already.

Thank you for taking the time to read this weeks report, 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