A few minor updates for LBI token holders
Hello, LBIers. I dont have everything, in particular, to talk about today so I guess I give a few mini updates of what's been happening with LBI.
- Cakepop IDO
I looked into this, well as much i could with the information on offer. I waited till it's launched and watched people take part and decided to let this go. I thought the IDO would be funded by CUB, not BUSD/CUB which we dont hold. I look and see CUB/BUSD paying out an APY of 120% and think, will cakepop by paying out the same 6 months after launch? Im not hating on it, i am just very wary.
If it moons, we'll watch from the sidelines. It's not a Leofinance project and we dont know the people behind it. They raised a 1/4 million $ with a 1-page site that looks like a pack of melted crayons. Nooice
- CubFinance
Sticking to CUB, lets have a quick look at our holding over there as it's been a while since i last did an update. I dont like to do full posts about our CUBfinance holding because it think some people will get it mixed up with the CUBlife report. So, here our holdings
You can see we have been building up our BTC/BNB kingdom holding. Last week I held back around 180 CUB for the IDO and we have around 180 more to harvest so we might see this kingdom at over $2000 on the next report in 2 days time. The total wallet is worth 45,200 LEO or $12,500, not or, both. We continue to stake, harvest and invest into kingdoms to build holding in other cryptos.
- LBI dividends
Over at SPI, the weekly dividends are paid out in SPI tokens. For the first few months, div's were issued in HIVE but it was voted in by token holders around a year back to issue div's in SPI's. I was wondering if people in LBI like that idea are not? To be honest, I dont see it happening and i think most people like getting weekly LBI dividends in the form of LEO.
I thought I would ask as it's becoming about a topic over at SPI and I would like to know what LBIer's think of it. Im sure some people would like that idea and others will not.
- noloselottery
I have decided that I will buy a few tickets in this lottery for us as i've been testing it on another account it's working out ok. The idea is, you buy a ticket for 1 LEO and you have that number until you sell it back for 1 LEO. The guy uses that money to invest in CUBfinance, harvests once per week, converts to bLEO, unwraps, pulls some random numbers to pick winners and boom, massive ROI if you buy lots of tickets and bully. It's not really bullying, the odds are the odds and same for everyone.
- LBI Discord
So this is dead, it's not really worthwhile to have this, to be honest. I rarely check it and when I do, nothing new. I was thinking to maybe just scrape it and the current SPI one and create a new all under 1 server for SPinvest instead where each project under SPinvest would have its own channel instead of the server. So 1 for LBI, 1 for SPI, 1 for EDS and 1 for CL. I know alot of LBI token holders are SPI tokens holders and most LBI holders have some CL cause we airdropped some. These servers are not active enough to be solo but all under 1 server could be better and easier for investors to find out everything in 1 place. There's not alot of work involved to set up a new discord server
- Investing
Since we started to issue dividends, cash flow has been a little tighter but we were able to bag 500 UTOPIS before its price increase to 5 HIVE. i would like to get between 200 and 500 lottery tickets from the noloselottery. After that, we will have some results from our LEO leasing experiment and we'll know weather it's worth it to pay for leases of LEO power are not.
As for off-platform, we only currently have our CUBfinance wallets and that is covered above. That's 100% reinvested into more holdings. It's boring but compounding and adding little and often works wonders and 1 year,2, 3 years pass by pretty fast. That $1800 of BTC/BNB LP we have is for free. We've collected that up over the past maybe 8 weeks max, think if we continued to add to this every week for 2 years. I can't tell you how much we'd hold but it would be a much bigger number than we hold today.
Thats' about all I can think of at the minute. There have been no updates im aware of on the pLEO are pCUB front so nothing to update there. There's not alot of happening around LeoFinace the past few weeks with all the focus on Cubfinance so not much else to report are new things to chat around. I do know that LeoFinanace just released Leofi.com and it's leasing market but that was 2 weeks ago already, whats "LEND" gonna be and how do we make $ from it?
Thanks for taking the time to read through today's post, i hope you have a great day.
Posted Using LeoFinance Beta
