LBI earnings and holding REPORT | Year 03 | Week 29

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.

Its been mostly a sideways week within crypto and to be honest, its been a little boring. I guess this is the calm before the next storm weather the markets go up are down, we have no idea.

Sadly the price of LEO has dropped this week against everything else but is why we hold our hedge investments like HIVE/HBD/BTC and ETH. We are still in the bear market and these hedge assets with their big market caps are less volatile compared to LEO with its small marketcap. When we are in a bull market, the same is true and if BTC/ETH jumps 5% in a day, LEO could jump 20%+

I see that the LBI buyback offer is untouched from last week which is cool meaning not many people are looking to sell their LBI. We bought back just over 25k tokens which is almost 10% of the circulating supply so not a small number.

In other news, CUBlife which is a project under LBI is not doing great. Its coder left and it's not been issuing dividends for around a month now. I can get another coder but because it would not 2 bots, the setup cost is $200 with ongoing costs of $20 per month. CUBlife harvests $100 per month and paying out 20% of harvests to dev is not ideal. Converting it into a growth token is not a good plan so it could be an idea to wrap it up and offer people a buy out for either HIVE/LEO or LBI tokens. I need to make a discussion this week sometime, ive asked a few things in its update posts but got little to no feedback other than do a vote.

Just an FYI before people ask, LBI, SPI and EDS with combined HP holdings of over 200k have voted on the LEOfinance proposal so we've done our part as best we can.

Have a great week ahead.

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