LBI earnings and holding REPORT | Year 03 | Week 22

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 Hive account@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.

Earnings this week are on par with what they have been the past few weeks as the price of LEO increases. Much of our income comes from HIVE and HP and we are getting less LEO. LEO curation is making a comeback as it now makes up a larger part of our weekly earnings.

Not really any massive changes here. We got paid HBD interest this week which was cool and we have around 350 more LEO and 50-60 more HP. I notice the HIVE/LEO LP we have on BEESWAP is worth over $200 for the first time in months, thats nice to see.

Converted all our harvests from CUB and EMP into BTC again this week as i have been doing for a few months already. That BTC we've been buying from harvest money for 3-4 months is now worth 10% of our non-HIVE holdings. Nothing wrong with building up some crypto gold.

For the amount LEO increased this week, im surprised and glad to see that the LBI token price decreased by only 0.03 LEO. LEO outperformed everything except for HIVE and BTC and this is why the price dropped by a little instead of alot.

I was supposed to get a post out about getting feedback on a possible LBI token buyback. I will get it out by Wednesday this week and provide some buybacks through hive-engine using our liquid LEO balance. I will set the buyback amount to 95% of the current token price which would be 1.80 LEO and then whatever that is in HIVE.

Apart from all that things are ticking over and the markets are up and down. Blackrock and the promise of opening the floodgates is creating some FOMO which is good but we're still in a bear market overall and im planning to stick to what's are doing for another while.

Thanks for checking out the report and staying up to date with LBI.

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