LBI earnings and holding REPORT - #2

in LeoFinance6 months ago

Authored by @silverstackeruk

Hello LBIer's, it is the best day of the week. Saturday is the day we will all look forward to every week as we find out how much LEO LBI has made this week and what our total holdings are worth. Let's jump into LBI's 2nd weekly report.

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Week 2

EARNINGS

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I have something to admit, I am finding it hard to get into the flow of how LEO rewards for content and curation are rewarded. As payments are paid every 23 hours and posting times are random we might sometimes receive no content rewards for 1 day and then double rewards the next. One thing I can assure you is that the number received by contract_tokens every day is equal to content and curation rewards added together. I tried hivestats as I see its fully working again but it appears rewards per day do not match up to what is paid by contract_tokens. I think hivestats put all rewards together and we are only after LEO.

Either way, the LBI pulled in earnings of 956 LEO this week for a daily average of 136.5 LEO. We set the bar at 100 LEO per day last week but to be honest i had higher hopes and thought we would have hit 1000 LEO.

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We can see we did a little better this week compared to last week but last week we had a double contract_tokens payout 1 day so receive a total of 8 payments. I think we break through 1000 LEO earned this week. Let's have a look at see where our income came from this week.

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Curation looks to be king for us with a daily average daily earning of 92.8 LEO. We can see from the daily earnings that curation varies between 53 and 135 LEO per day which I find odd, I would have thought curation to be more consistent on a day to day basis. LBI upvotes are manually curated and im guessing this is the reason why some days are better than others. We can take this weeks daily average of 92 LEO and see how it compares with next weeks.

Content earnings are down a little bit on last week but it was Christmas week people were doing others things. HIVE earnings went up a touch and with taskmaster4450's HP delegation plan, we should see more growth in HIVE earnings going forward.

Here is a breakdown of LBI total earnings to date and how it's been earned.
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The numbers total 2297.21 LEO. We earned 956 this week, 923 last week and 418 pre token launch. Same if you might have thought how can it be over 2200 LEO is both earnings reports so far show us making under 1000 LEO. We had 420 LEO on the books before we launched.

To wrap, earnings were good this week but nothing to write home about. I think we break through 1000 LEO next week and try to keep it above 1000 for the rest of January.

Great job everyone for all the comments and upvotes, this is helping us massively to keep LBI posts in the trending section which brings in new investors and keeps it in the minds of these interested in what we are doing.


Holdings

Holdings are up this week. Get used to reading that first line every week.

As we have issued a few thousand LBI tokens this week, our powered up LEO balance just touching the 200k mark and our HIVE balance is grown to almost 500 with is decent considering that's 100% from content only.

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Again not much to look at but we can see exactly where everything is. We have become the 4th biggest LEO wallet when we exclude wLEO/null/noleo4u. Can we take 3rd spot by month end?

I will show this chart again as i do update it every week but there is not much change as 100% of earnings are being powered up. Here is LBI's total assets in pie chart form.

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Something much interesting to look at for us. Here is the weekly chart for LBI total worth. We should cross over the 200k mark within the next week providing token issuing does not dry up to anything and then we can set our sights on 250k. Again, get used to seeing this increase every week are at least until we start investing off-platform. It's hard to lose value when 100% of the earnings are reinvested back into the base currency asset.
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LBI TOKEN PRICE

Total assets worth in LEO

  • 196,226.78

Total LBI tokens circulating

  • 193,748.75

LBI token price - 1.012 LEO

Weekly Wrap Up

It's has been a good week for LBI and i know next week will be better again. We can already see that the price of each LBI is currently up 1.2% from launch which is amazing considering the size of our LEO wallet. Funny thing is we are still going getting started and have so many things to explore and addon to LBI that will generate us even more. This will all take time but it will happen and earning 1000 LEO in a week will seem small in a years time. I might live to eat those words but goals have to set to to hit.

Everything is going to plan and we are on our way to becoming a cornerstone project within the LeoFinance community.

Lastly - The LEO airdrop
I have seen people asking what LBI will do with this airdrop that is being talked about. The plan would is to wait and see what these airdropped tokens do and then make a plan.

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Great report!

With the airdrop coming I am a little torn between staked LEO and LBI. Hopefully there will be more info on the air drop soon.

In the mean time I just powered up 1000 Hive yesterday to replenish my last months LEO/LBI buy fest. Today I started a Hive power down to get some more LEO/LBI. I might be crazy but the LEO/LBI pull is strong. :)

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Nope, nothing crazy about that :D

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Thanks for removing my doubts about my sanity. :)

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Well it’s that or I’m as insane as you :D

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stake you LEO bro and buy LBI's with it after the drop. I mean if the drop is months away, could be risky but a few weeks will not make much of a difference. The LBI token price is locked at 1 LEO for January.

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The LBI token price is locked at 1 LEO for January.

Good to know.

I think I'll plan to start a LEO PD around the 22nd and just stake LEO in the mean time until we see what happens with the air drop.

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Not sure how airdrop can be discussed further. I’ve decided to invest some LEO in LBI projects so it seems normal to me that what’s going to be airdropped from those LEO goes to LBI.
I’m pretty sure LBI brains will choose the best actions to profit from this.
It’s just the beginning but this will be grand.

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LBI's growth and price is based on it's holdings so if it gets an airdrop and gives that airdrop away, growth is slowed down massively. SPI sold all its STEEM after the HIVE airdrop and turned 90k of STEEM worth about 60k HIVE back then and bought 1 BTC and 10 ETH with it. That BTC and ETH is worth over 350k HIVE today which has benefited each SPI token holder. If SPI had airdropped the STEEM to its token holders, SPI token would be worth under 2 HIVE each and all the STEEM given away would have been frittered away to nothing. Instead, the SPI token is hitting a price of 6.8 HIVE today.

Im not saying LBI will repeat this feat are we'll get lucky. We still have no idea what the airdrop will be but I do know that our chances are improved massively but keeping the airdrop within LBI. This honestly should not even be a debate.

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Maybe I express myself in a weird way but I’m totally aligned with your view haha.
And I hope every LBI investor will think that this airdrop will be better in LBI hands than scattered to the holders :)

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Well sorry if this is a dumb question (started HIVE 1-2 months ago), but what is HIVE inflation and how does it add to your earnings (even though it's less than 1%)?

Hive inflation is the amount of Hive that is printed each year. It is somewhere around 8% right now.

All Hive that is powered up receives adjustments to compensate somewhat for that. It is not a great amount, hence why the numbers or small.

If memory is correct, it works out to be about 3% annually.

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Sorry, but I guess the part of the Hive inflation that is to be counted as earnings from staking Hive is much less than 8%, a part of the newly printed Hive goes to the proposal system and to the reward pool. It is more around 2-3%.

Good report :)

Yesterday I asked a question about airdrop but I didn't get an answer .

What happens once the airdrop happens ? Will it be given to the users based on their proportion of holdings or will it be powered up by @lbi-token itself?

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The answer is in this post.

https://leofinance.io/@lbi-token/what-you-can-do-to-help-the-lbi-project-part-2

Basically the tokens from the airdrop will be used to generate another stream of revenue to back the value of the LBI token if it is a PoB token. We still have no details about what the drop is, or what it will look like.

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Stead and continuing the growth is what I am seeing until now and getting more than $300 a week is pretty good at this stage. At some point I foress the curation rewards being greater than author rewards and at that point I think the fund would really deliver. Nevertheless as we move along probably many other opportunities will open up.

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Yes, it's opening up really nicely and things are going to plan. We can only move up from here :)

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That was the lesson from @spinvest.

Steady and consistent activity equates to growing in value. We can only control our part, the actions taken. What happens in the markets and the pricing of things is beyond our control.

Through the first few week, I think the results are terrific. We are growing at a nice pace and the numbers are getting bigger. That is all we can ask for.

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slow and steady wind the race said the tortoise to the hare ;)

i thought about getting more LBI but i am saving up liquid leo for the time being (i don't think 30 leo will a difference for anything right now)

I'm just chilling in a holding pattern for a bit until i see what we have next on the table - it is a fun learning experience.

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That is one approach.

Mine is that I keep adding as many LBI as I can to the stack. I found out the last time, ended up kicking myself for not getting more when the price was lower.

Just my 411.

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I look forward to these reports and know this is a really good investment and why I keep adding even if it is single figures. The 1000 Leo per week is outstanding for starting off and we will just make more every week as it is accumulative. Wish more people would delegate Hive though as that would help speed things up. This is a group/team effort and everyone needs to sacrifice a little surely.

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Delegate hive to who?

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lbi-token as it is in our best interest to give them a little to earn and grow faster. The project currently has around 10 000 Hive delegated to it which is a shame as I think as a group we could do better.

Last I read, @lbi-token was not asking for delegations. If they did, it would not be on a donation basis, it would be as an investment.

@silverstackeruck is LBI asking for HIVE delegations?

Thank you for answering, I delegate to @leo.voter who pays 16% daily on their delegations.

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There was a post about this a few weeks ago where it was mentioned and yes it was voluntary. You don't have to earn on everything you delegate as this should be beneficial to everyone.

I'll be sure to look into it. Thank you for bringing it on.

These reports are super important.

Great work, @lbi-token.

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Thank you, glad you enjoy them. I cant wait until we are adding more things into these reports :)

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The growth is just very visible. Being a part of the LBI project is just a great decision.

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Yep, with only a 2-3 streams of income and 2 holdings really everything is easy to see. Im glad you are happy with your investment so far :)

Thank you for the nice comment

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We're doing great, the numbers are promising. As long as there's a growth, we don't have a reason to be worried. Curation is going to go up each week and give us more revenue.

Just keep up the good work and we support you all along.

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Curation im hoping can hit 100 per day soon. It's crazy how fast it's growing.

Thank you for your comment

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Could it be that the increase in price of Leo has reduced the amount that's being issued each day which is why you're seeing less? Or maybe it's just been quiet time with the holiday season.

Having said that, I'm back at work tomorrow so my activity is sadly going tui be going down drastically after being on a commenting rampage on my time off lol!

It's still early days and the project is still growing with lbi issuance too. I guess you won't see those curation rewards kicking in until the week after you've increased your LP too.

I'm sure things will settle once the opening amount of lbi have been fully issued.

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Oh yes, when the token is capped whatever that happens, the price will increase faster as it not being sorta liquidated by underpriced new tokens being issued. Still early days is right, the LP is something to look into soon, mid Feb maybe. We'll see what this airdrop thing is about.

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Yeah for sure and as word spreads about delegating to LBI too, will be another way the token will grow hopefully so all adds to the pot - off to a great start though!

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I'm wondering how long until we get some clarity about this airdrop, it seems like a crypto year since it was announced that it would be announced. (lol) I think a thousand Leo is great for just getting started @silverstackeruk!

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I guess the whole community is waiting for clarity but no worries, I don't think we have to wait for long.

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Yes, it will be interesting to see what exactly is it plus it might be weeks/months more before anything is released.

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I'm not worried about my LBI and where the airdrop goes, it's my other staked Leo that is getting me excited. I just figured LBI would stake them mLEO's and earn some more from curating. I know It's too early to speculate!

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If it is Proof-Of-Brain, then we will do something like that.

However, we are not even sure what the token is. Governance was mentioned in the road map put out at Hivefest, perhaps it is that.

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We will let everyone know as soon as we have clarity on the airdrop.

The Leo team is quite on this front so we all have to just wait.

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January 2nd and crypto people are already impatient. LOL

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A New York minute!

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well i just stopped trading LBI as leo its dancing in the moon haha. i stopped it because i dont have time, anyways im happy because I got to introduce some hundreds more to the portfolio :). So now i will just sit down and wait patiently (like a stone)

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Yep, just HODL.

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Still waiting about LEO Airdrop that made me curious and impatient for waiting 😂

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That havent even officially announced it, only an announcement of an announcement.

It could still be months away. We have no idea.

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It'll come when it comes.

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The air drop should be interesting to see what happens there. Especially as more projects launch in 2021

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It'll add instant value to the LBI token which is always great for a 1 month old project.

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cool and rehived :-)

Great update. Keep the good times rolling!

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It is always great to see growth. 900 LEO for a week is very good, especially just starting out.

Hopefully, as the project grows and we find other avenues of to pursue, four figures becomes the norm.

In the meantime we just keep growing. Up 1.2% in a few weeks...not bad at all.

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seriously appreciate the transparency. You keep it short and still informative. There's a lot even professionals have to learn from small projects like LBI.

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I just focusing since some days ago over LBI performance on Engine, it looks strong and promising. So, I am beginning to convert LEO or HIVE to hodl more LBI... I hope to balance more percentage of LBI in coming weeks.
Should LBI follow LEO performance? Or could it take its way totally different? I am expecting in some moments it will be over LEO, but just a guessing.

LBI is being sold for 1 LEO through direct payment. After a few weeks of curating and posting, each LBI token is now worth 1.012 LEO. So there was an increase in the value of 1.2%.

The price of LEO in other currencies does not factor into anything since LBI is priced in LEO. If you want to take it a step further and figure out the amount in a fiat, then you can do that. In that instance, then yes it would actually outpace LEO.

As stated, each LBI is presently worth 1.012 LEO.

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Thank you so much for your answer!

It's very promising project, now in my radar!

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Do not miss the last post from @hivebuzz:

Feedback from the January 1st Hive Power Up Day
Happy New Year - Project Activity Update

Right, let's wait and see what this airdrop is and then make a plan.

It sure is nice, whatever the airdrop is, that our bags are already being lined.

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