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.
RECAP
Earning this week are nothing out of the normal so its been a solid week. leo.voter was our top earner with HIVE content and LEO curation coming in next at pretty much the same.
Our LEO balance increased by around 500 this week which is decent, we also seen small growth in our HP and HBD balances as we do each week. I took some funds some a BSC LP, around $90 and converted it to HIVE which i used to buy back LBI tokens. I will continue to do this for the next few weeks.
Each week i convert CUB harvests into BTC and this was no different, the price of BTC is up but it is what is it. We've got 0.07 BTC now. I notice as well, ETH is up a decent amount as well so we are winning with non-HIVE cryptos.
The LBI token price sees a small increase this week. This normally happens when the price of LEO dips but not this week. LEO has gone sideways and a few other things we hold went up.
Thanks for checking out this weeks report. Have a great week.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI