Source
The latest LBI Earnings Report really caught my attention in one area. We just completed Week 16, meaning we just put in 4 months, a bit shy of 1/3 of a year.
Obviously, there are 52 weeks in a year and 16 multiplied by 3 is only 48 so this post is a bit premature.
However, the point of the article is valid while also helping to drive home an extremely important point.
The goal of LBI, much like @SPInvest, is to "get rich slowly". This is done through a combination of both passive and active opportunities. Through the efforts of people as well as the passive returns from sound investing, the goal is to grow the holdings by a minimum of 20% annually.
As we can see, we are 65% of the way there, in less than 1/3 of a year.
For fun, I took a snapshot of the present yields pain on US Treasury Bonds. Look at the returns people are getting there.
How about them apples?
As we can see, the payouts are abysmal. One's money is much better off in LBI as opposed to the bonds the United States Government is offering. Of course, this is no secret to anyone in cryptocurrency.
Thus far, the performance of LBI is outstanding. Typically, the hardest point to get return is early in the game. This is because there tends not to be the resources available to get involved in a host of projects. For LBI, the first few months were basically spent posting and curating. Nevertheless, that was able to provide a nice foundation for our annual return.
If we look at things on an annualized basis, we see that LBI is doing better than a 40% return. This is more than double what we target each yet. Of course, we never fret about exceeding our objective since this only provides more resources which to generate even greater long term growth.
Occasionally, we see people grumbling about how things are progressing. This is natural, I guess, when you have a host of people involved with a project.
However, I want to point out the reason that people got involved with LBI. For most, if not all, it is to make money. This is the reason why people bought the token to begin with. Thus, far, the token value is now worth 13% more than when we started.
The other thing I want to point out is that most of the token holders did not have to lift a finger to get that return. The activity is being done by a handful of people who are active on a weekly basis. For everyone else, the account value grows without doing anything.
Present course of action has each token holder receiving a 40%+ increase in value over the first year. Of course, this is only viewed through the lens of LBI as priced in LEO terms. When we compare the value to fiat, we can see the numbers getting much bigger.
Experience with SPInvest tells us that the first year is usually the most difficult with the smallest return. As the resources grow, returns can be compounded, once again through activity.
We expect that, when ProjectBlank is released. to have another revenue stream forming since that will be a Proof-of-Brain token. Thus, just like with Leofiance, someone will be responsible for curating content on that application, increasing the number of Blank tokens LBI-token has.
This, of course, will provide more weekly income, increasing the value of the token even quicker.
Lastly, we will see what is going to happen with the Leo governance token. Since we don't have any details, we can only speculate but we are led to believe that will be another opportunity to generate a return for LBI.
As we can see, the original intention of LBI is coming to fruition. Getting rich slowly through outside returns is what this is focused upon.
For the first 4 months, we can say mission accomplished.
We will see how the next 4 months go.
Article written by @taskmaster4450le.