LBI issuing price increase - 1 LBI = 1.20 LEO

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Hello, LBI'ers. LeoFinance has been good to us for the past few months, CUB has been a blessing to us and it's time to change the issuing price of LBI tokens as we cant keep issuing them at a discount. LBI tokens have been priced at 1.10 LEO for the past 2 months and it's time to increase that.

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I am aware there is currently a vote going on that will decide if LBI tokens are to be hard-capped are not but even if YES wins and the token is hard-capped, this will not happen overnight and we set a date to the hard cap, be it 3-6 weeks after the actual vote.

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Today's LBI tokens price

Total LBI token issued - 220,347.37
All holdings - 249,558 LEO

Each LBI token - 1.132 LEO

New LBI token price 1.20 LEO

We could go to 1.15 LEO but I feel it would be weeks before the real token value surpassed 1.15 LEO and we'd need to increase it again. By setting the price to 1.20, we can be sure it will remain there for at least 6+ weeks. I found from past experience, changing the price of something too often is confusing and harder to track for some people.

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Things to clear up

Is LBI a dividend/income token?
No, LBI is a growth token, you HODL it and the price goes up. I have seen in many comments that some people are concerned about dividends and also why CUB earnings are not included they claim that they are losing money from curation etc, airdrops, etc.

While let's have a look at that and see what your missing out on

  • Person A bought 1000 LBI on launch day for 1000 LEO and forgets about it (HODL's it)
  • Person B staked 1000 LEO on LeoFinance on the same day
  • Person B used their VP perfectly to curate every day for the past 4 months
  • Person B received 4.8 CUB 23 days ago
  • Person B staked their CUB and compounded it every day

Result

  • Person A checks the weekly LBI report and see's their 1000 LEO investment is now worth 1,132 LEO
  • Person B makes 4 months worth of LEO curating worth 54 LEO
  • Person B now holds 5.76 CUB based on 300% @23days w/nofees worth 25.17 LEO
  • Person B has LEO and CUB worth 1079 LEO

Looks like Person B did a lot more work for 40% less of a return. Kinda funny that people think they are losing out by holding LBI tokens and complaining about it instead of crushing a few numbers.

Person A did nothing and their 1000 LEO earned 40% more

Im not mad, im used to people attacking and saying things before actually learning what they are talking about. Im aware most people dont track things as well as I do so it's water off ducks back to me by now. They fail to think that all the earnings from the @lbi-token account and CUB holdings go into the LBI token price growth. LBI is a backed token, which means it needs assets to increase its value. If you have bought LBI thinking they are dividend/income tokens, you have got your wires crossed somewhere.

Why will CUB earnings not included in dividends?
To put it simply, If we gave away all the earnings we made, growth would be impossible because we would be giving away all our income. No off-platform investment will be included in dividend payments ever because we need those to produce growth.

The LBI token is up 13% in 4 months. If anyone can show me how to I can make 39% ROI with staked LEO, please share your secret, I'll pay you 5000 LEO (no shit). When dividends start, they will be 50% of LEO earnings as stated over 4 months ago in the terms and conditions post that was released before token went on sale. I hate this acronym but really, DYOR. So important.

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That's all for today

So there you have it the price of the LBI token has increased to 1.20 LEO, give it a little time and 1.20 LEO will be a memory as we continue to build, compound and grow our wallets.

Thank you for taking the time to read this post today

Posted Using LeoFinance Beta



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34 comments
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During the last 2 weeks I send You leo 3 times and receive LBI only once. I should have receive around 0.2 to 0.3 LBI, could you take a look ?

If I did things well and this comes from you, I don't mind if you send me LBI with the new price. I just hope I did not send Leo to someone else and just lost it 😅

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Nice! This is fair I feel (not that anyone cares how I feel--lol ). If it's going to stay uncapped, then the buy-in price should definitely be at a premium. If you can get it cheaper on the market, great. There needs to be a way for people to get out. If it's more expensive, then paying the 1.2 to get in will increase the value for everyone even if the amount of tokens issued goes up as well. By the way, I still want to add to my stake so I'm not just saying this because I'm done buying...

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Great post highlighting what many of us see as obvious. 40% ROI is big and anybody not happy with that is nuts. I am happy just parking mine off and letting it be doing it's thing. We will have project blanc still coming plus who knows what Cub will do price wise over the coming months along with anything else that gets added. You are doing a marvelous job and is appreciated by us who just sit back.

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Damn right and thanks,

People are forgetting about Blank from they got CUB, lol. Im most excited for the GOV tokens that will let us run nodes for the coming LEO sidechain. I think that gonna be a good for us and 100% passive makes the whole thing better.

Thanks for stopping by

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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Thanks for clearing things up there, I believe people having issues or looking for quick gains will understand things ought to work around here now.

13% in 4month is cool. Great work you guys are doing

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Thanks for clarifying the hard cap and now we know the hard cap.

I plan to get my LBI goal this month so I might just try on the open market. If people feel like selling it for cheap, I don't mind taking it.

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I'm a poet; I don't run numbers. This post clarified things considerably, so thank you.

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That really helped understanding the token better, financial education is hard when you have to be self-thought ( schools ain't gonna teach you useful stuff like that). So thank you for enlightening ignorant plebs like myself :P

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Just to make it even funnier with USD:
4 months ago 1000 LBI = 1000 LEO = 250$ (0.25$/LEO)
Today 1000 LBI = 1200 LEO = 1200$ (I'm nice I rounded LEO down to 1$)

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Interesting figures. I wasn't expecting that. 😁

I decided to hodl LEO rather than buy LBI tokens, which might have been a good move if project blank had happened as planned. Seems like CUB has well and truly taken over Leo Finance's focus. Oh well. You can't win them all. 😂

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I have shared this post hoping more people will read it and learn something from it. Numbers speak loudly and when someone (you in this case) demonstrates which investment is more profitable, you can't argue with the results.

I'm glad I have been investing in LBI, accumulating slowly and will continue as this is a goldmine.

I can't thank you enough for what you are doing. Keep it up, your work is highly appreciated!

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Thanks for a very clarifying post. But it does leave one major current issue unaddressed.

LBI is backed by 1.132 LEO at the moment, but how is this reflected in the trading?

I notice that a lot of Hive Engine tokens are trading at values well below the amount of assets that they are backed by (e.g., many miners, SPI and others). In fact, some markets are so thin that one would be selling stuff at 0 as soon as one decides to put up more than a few $10s of assets.

How do you as an investment organisation assure that token holders can actually sell at a value that is close to the true value?

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It is a legit concern, and in the hard cap voting I have voted "For" Because with a hardcapped token that liquidity problem will disappear, as the orderbook will growth in a more natural way. Currently, probably 80% of the people that want to buy LBI or DCA it just buy it directly, so there are no takers in Hive Engine. That will slowly change, keep in mind that this is just a 5 month project :-)

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Thank you team LBI. I would happily see my investments growing over time with LBI. No actual work is done by me since I left it to professionals. I am just here to sit, have fun & enjoy. ;)

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what Cub will do price wise over the coming months along with anything else that gets added. You are doing a marvelous job and is appreciated by us who just sit back.

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That's a great return you guys are generating for the holders of LBI. And we don't have to lift a finger, other than to buy and hold. Thank you!

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Increasing the LBI price was long overdue considering that it holds more LEO than initially and it continue to get curation or other LEO rewards. Great to see early investors having their assets valued more now!

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It#s the old patience thing isn't it. People want the moon and they want it now.

It was all quite clear from the get go. Slow growth is real growth!

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Congratulations @lbi-token! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 7000 upvotes.
Your next target is to reach 8000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
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Well, I'm wasting my time, and while others have already earned 20 cents from LEO I'm still here without earning anything.

How do I buy LBI?

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Good update, most of the times, this explanations are good for those that are not savvy with handling numbers. The unfortunate thing is that LEO has lost value against HIVE over the last 3 to 4 months and that has an impact as well on LBI value. However, it is important to note that users that kept a liquid LEO could have had over 5,000 LEO now if were able to take advantage of 5 HIVE to 1 LEO and now rebuy LEO with HIVE at around 1:1 (last week).

In any case, long term is better. Everything beautiful about LBI would play out better on the long run.

It's still a win-win for all.

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Great post highlighting what many of us see as obvious. 40% ROI is big and anybody not happy with that is nuts. I am happy just parking mine off and letting it be doing it's thing.

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Thanks a lot for the post, very well explained, I did change a little the way I look at LBI.
I agree about the price change and that rounding makes it look better. Onwards!

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Math done right is essential; hope that example makes it clear. I'll keep stacking those LBI until my yearly goal minimum! :)

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