LBI is coming up on it's first full year

Hello, LBIer's. We are coming up on completing our first year for LBI. It's been a fun year in the world of crypto and we've got off to a great start. We've done most things we said we would 1 year ago and we've had great support from the LEO community and LBI token holders throughout. We've not had any problems and I think everyone that has invested in the LBI token is happy with how things are going. Most token holders I assume/hope are holding from launch so got in at the price of 1 LEO per token. I dont know exactly what the price is right now but it's probably closer to 1.5+ LEO per token today. I'll open excel and update whatever to get today's LBI price later in the post.

It's not only been a hell of a year for LBI, LEO has been on a rollercoaster itself going from 20-25 cents to $1.10+ and back down to around 25-30 cents where it seems to have found some ground. This has affected the token price somewhat because we bought most of CUB holdings when LEO was peaking out at over 80 cents, I've not added anything to CUBfinaance for probably more than 6 months now. Dont need to add more as it's growing nicely by itself. Anyways, as the value of our CUBfinance holding increased in dollars and LEO went down in dollars, the LEO price of the LBI went up. We see this happening again last week with HIVE this time and our HP helping to boast the LBI price. Of course, when LEO has its time in the sun again, the opposite will happen and the LBI token price will go down in LEO but it'll go up in $ so it's swings and roundabouts. This is how hedging your investments work, I mean we never expected LEO to go down to 20 cents again while everything else was mooning but this is crypto and crypto is brutal.

Ok, I'll update the excel sheet now.

(jumping 6 minutes into the future)

There we go, today's LBI token price is 1.76 LEO, 76% up from launch. Unless the account is hacked and all funds were stolen, I'd say it's a safe bet and say we'll hit our 20% target for this year.

Over the past year, we've issued over 230k tokens and hard capped the token after a token holder GOV vote. We've put together 2 teams for content and governance of 3 people each and we've got a coder that can convert idea's into code. We received a nice CUB airdrop in March we were not expecting and launched our first subsidiary project with CUBlife 8-12 weeks after. FYI, CUBlife has recently added the option for staking.

Just noticed something interesting on the excel sheet. Ok, total earnings to date from content, curation and other stuff is 74,000 LEO and the token price is up 76%. That's very close and sorta makes sense but the kicker is we've been paying out 50% of earnings to investors in weekly dividends from the end of July so we're doing better than we think.

Here's something you might find interesting. This is the total amount we have earned to date from our different streams of incomes.

If we can do 80,000 in our first year, can we crack into 6 figure earnings in year 2? I think yes, we can do this unless the price of LEO explodes or tons of new users start to use the platform and curation rewards take a hit.

Here's something i have not looked at in a long time, the LEO token richlist

So we are the 2nd largest curating account on the platform, that's kinda impressive. We'll never catch onealfa even as a collective but that's not the objective, we gonna spread the love far and wide and taskmasterr4450 does that very well. I wonder how many thousands of upvotes he has rewarded people with over the past year. Same with Hetty and her content, she has to put in a few hours easy into those 2000+ word posts of her's, not forget she has to research all that stuff as well.

Here's something i've not looked at for even longer. The weekly LEO stats post that i used to wait for to be uploaded every Tuesday.

We are pretty up there. That's insane to think in under a year, we were able to create an account that is a top 3 earner on the platform, the whole freaking platform. I understand we our not a single user and some might consider LBI like leoburn as it's not owned by a single person but still, 3rd highest earner, that's surprised me a little. I knew we were featured but was thinking 6-7th.

You can see we are doing ok. Most of our earnings come from curation rewards from our 251,000 staked LEO's and with no plans to power down, I dont see these earnings dropping that much for us. The APY for curation goes up and down as more are fewer people or creating content/comments but it always stays between 16-19%, anything outside that range is normally short-lived.

For year 2, I dont know yet. There are still a few things that I think we need like a buyback, another subsidiary project and some other smaller things. The buyback is a no go at the minute because we dont have the liquidity to offer it. From my POV, the bulk of our assets are staked in LEO and we ain't powering down soo... we need to grow and grind it out to the point where we can say, ok getting our hands on 5000, 10,000 LEO in a few hours is doable without disturbing our portfolio balance too much.

Another subsidiary project would be awesome but what? I like the idea of something fun but nothing can come to mind. Lottos and stuff like this dont work because of small user numbers and a lotto require new players all the time, something different that's not been done before. Ideas are welcome in the comments below.

Big thank you to everyone so far, it looks like we will finish the year off strong and over target. These first few years are very important and can set the pace for the next 10-20 years. Im only 36 so i have the time (i hope) to keep doing this, building at it year in, year out. I have no idea how other people think but when im thinking about this stuff, im planning like 5-8 years ahead meaning the decisions/actions I make today might be to set something up for 24-36 months away from now which will be the set up for something else in 48-60 months away from now. There are levels to the game so sometimes what I do looks strange but time is a wonderful thing. The real 10-20x investments are done in the bear market and gains cashed out during the bull. Give your faith and bear witness.

Thank you for taking the time to read today's post, i hope you found it to not be a waste of your time. We are strong and still getting started so we'll keep growing and spreading our reach over time. Slow and steady does it nice and easy.

Have a great day :)

Posted Using LeoFinance ^Beta