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.
HW
It has been an interesting week for the crypto space, mostly good and we have seen LEO pump along with everything else. The LBI price price is down a tiny bit from last week but this is the reaction of LEO increasing in $ value more than our other main holdings of BNB/ETH and stables.
Earning this week were good at near 1500 LEO. HIVE content being our biggest earner, followed by leo.voter rewards and then in 3rd place, LEO curation. Going forward, i see the best way to increase weekly LEO income will be through leo.voter. We earn more HIVE than we do LEO and we can power it up, delegate it to leo.voter and earner whatever % it is. LEO's inflation rate and the amount of its being minted is offputting and staking converting HIVE to LEO to stake it does not look that appealing at all as a way to increase income.
Holding are up across the board in terms of $ amounts but in LEO amounts, some are down. Stable tokens have performed the worst for us dropping 13% and with the market looking to turn, it could be an idea to convert these into something that will increase through the next bull run. I have been converting weekly defi harvests into BTC and we already hold some ETH through EMP but i would like some more BTC because it can become very powerful when used as a currency instead of dollars. We look at LEO and HIVE at a dollar value but if we look them in BTC value, we start to play a different game.
1 BTC today buys 65k HIVE. At the peak of the last cycle, 1 BTC bought 400k HIVE and when HIVE mooned a few months after, 1 BTC bought 25k HIVE. If you converted 1 BTC into HIVE at the peak and then back into BTC at the bottom for few months after, you'd have turned 1 BTC into 8 BTC. And of course it works in reverse with HIVE into BTC but the wait between conversions is 3.5 years instead in a few months like with BTC into HIVE.
All in all, This is HIVE's and LEO's first full market cycle so alot of what plan is based on how STEEM performed at this stage last cycle and guessing. STEEM is the closest thing to compare it. From my POV, the best of STEEM came to HIVE and where HIVE's charting starts, STEEM's end. We are still learning but i still think that even with the limited resources that LBI has, it can be a whale in the future based off a few simple actions and staying consistent and true to its model.
Sorry for the late report this week, better late than never. I now have 35 minutes to upload the SPI report before my midnight deadline, lol.
Have a great week everyone.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta