LEO Backed Investments (LBI)
The Sun is rising on another cool project here on LeoFinance. I mentioned this one a couple of days ago after reaching my 1,000 LP goal and it is called "LEO Backed Investment" or LBI. It's being run by some prominent folks on LEO who've also launched another successful project called SPInvest (although I missed this one, which has been out for nearly 2 years now).
Effectively, you send any whole amount of LEO to @lbi-token and you will receive an equivalent amount of LBI token (1 LBI = 1 LEO). Then you just hold this in your wallet and you will start receiving some dividends weekly. It's a bit like how BRO works, you buy it, hold it and see your holdings just grow over time - the full roadmap and project outline is explained in their post here so I'd strongly recommend you have a look at it as it just started today!
I've just fired over 96 LEO and will probaby get to my magic number of 110, don't ask me why it's magic, it just is! Then I'll continue to grow my LEO stake as time goes on. I figure about 10% at this moment in time is a good enough amount to send over but with the daily HIVE lease payments coming in, I may just chip away at this and see how much I can build up before the doors close!
I think it will be a good chance to grow your LEO stake or holdings if you wanted to add to it for the long term. It's just another way to get your tokens to work for you so that's my thinking, might as well use it and I've liked everything I've seen so far from the Leo team and large stakeholders. The LBI project has their backing too but as always, do your own research, read up on the project on their profile @lbi-token (I'm not a finance advisor and this isn't financial advice)!
Are you getting involved with LBI? Have you already sent your LEO over? Let me know in the comments below!
Take care
Nicky