LBI - 5 days left
Hi,
one project that I like, is the @lbi-token one. I've invested a fair amount into it and plan to continue increase my stake till I have at least 1% of the issued tokens. They are still issued as long there is a demand and the printing will be stopped at a certain point.
Why did I wrote 5 days left if the printing will continue and what is behind the title?
Simple, in 5 days, each LBI bought will be acquired at the current value of the LBI token based on the assets.
The cheapest would be now, where it is still 1 LEO. All LEOs used for buying are staked and will never be unstaked as they are the foundation of the project.
From the last report, that can be read in here, 1 LBI=1,0284 LEO as the account has grown by posting and curation to this value.
So, in theory, if someone wants to buy 1000 LBI, after this period it will pay 1028,4 LEO for it. I think this is a pity to let 28,4 LEO to go to waste.
Also, there is another mathematical trick. The more people buy now at a discounted price, the lower the starting value will be as the current wins, will be diluted on the new stake.
Is this not counterproductive for me and the stake I aim to hold? For the start yes, but only for this short period of 5 days, after that, everyone buys at the project real value at that time, without diluting the wins. My target will be the same and it might beneficial for me to own a bigger amount on the long run.
So after this 5 days period, the buy in will ensure the last communicated value in LEO.
Is growth for a big account not slower? Yes it is definitely slower as posts reward tend to be the same, but the curation will be significant higher and different projects can be tackled faster. In my view is it better to own an apartment in a villa in Monaco than a chicken coop somewhere where land is cheap. Both provide housing, but one is of higher value also due to the surroundings.
The next tough question is, what happens to the airdrop tokens? Well, they are not going anywhere and will just be used as asset like everything is coming in the project. Also one will get more from the airdrop as 1 LBI brings now 1.0284 parts airdrop, almost 3% more.
There is a good explanation on the @lbi-token account that can be read in this post..
If you have any questions, feel free to ask as I will try to answer all from my perspective as a non financial advisor, only as a person who expresses its views.
Posted Using LeoFinance Beta
https://twitter.com/Alex_van_Munich/status/1354200919618027523
Once I reached my goal of 50 LP about 1-2 weeks ago, I focused all my LEO into LBI. As of now, I have increased my LBI holdings to 32 but I expect to get that holding to be around 40+ before the price changes. I have not decided what to do whether I should focus on LBI or LP once the price changed.
Posted Using LeoFinance Beta
Very good!
Both have benefits, for sure. If you are very active maybe LP,if you like the passive side with constant growth without any headache than LBI. It is an investment approach. LBI will rise more than LEO on the long run, this is mathematical. The thing is if you can make your LP stake higher and faster than the value of LBI is growing.
Posted Using LeoFinance Beta
Thanks for the feedback. I will take that into consideration.
Posted Using LeoFinance Beta
Any questions you might have, feel free to drop them in here. I will try my best to give you a qualified answer.
Posted Using LeoFinance Beta
So after 5 days there is no more converting LEO to LBI??
Posted Using LeoFinance Beta
No it won't be at the base rate of 1 LBI = 1 LEO. It could like 1 LBI = 1.03 LEO until the initial stock is gone.
Okay, so what it means is after 5 days we could still send/transfer LEO in order to receive LBI (via @lbi-token) but the price will oscillate... Today I just received the same 1 LEO= 1 LBI.
Thank you for your answer!
Posted Using LeoFinance Beta
Thanks for taking the time for the explanation.
Posted Using LeoFinance Beta
Your welcome. It is a community built by the members so it would feel wrong to not answer a question that I could answer.
Posted Using LeoFinance Beta
I still dont get it but I would like to buy 13 LBI so I finally understand....
Posted Using LeoFinance Beta
It is a passive investment that will get you some decent return. This is it. Once bought it will pay dividends over time.
Posted Using LeoFinance Beta
!WINE
Cheers, @cryptoaeneas You Successfully Shared 0.100 WINE With @alexvan.
You Earned 0.100 WINE As Curation Reward.
You Utilized 2/3 Successful Calls.
WINE Current Market Price : 10.000 HIVE
I'm still unsure what would be best for me, more LBI tokens or more LEO Power.
Yes, LBI will increase in time to be valued much more than 1 LEO. And that's awesome, especially since, unlike SBI, I joined LBI right at the start.
At the same time Khal keeps hinting that LP will be very important for existing and future projects of LEO, like LeoFi.
Right now, despite the imminent price increase for LBI tokens, I decided to keep everything staked.
Posted Using LeoFinance Beta
Both are a viable option. LBI for passive investors and LP for active and it depends on your commitment.
Posted Using LeoFinance Beta
I am a big fan of LBI as well. I have been trying to stack as much of it as I can while still staking my LEO too. Dang 1% of the total token amount. Is that like 11K? That is pretty impressive. Good luck on that goal! I have no doubt you will be able to accomplish it!
Posted Using LeoFinance Beta
At the moment 1% is 2.5K. 11k would be huge, but would be good if it grows like this.
Posted Using LeoFinance Beta
Ah, okay. That is just a little over where I am at. Sounds like great minds think alike!
Yeah! Keep on pushing! This project might help us a lot on our retirement..
Posted Using LeoFinance Beta