Yesterday, I saw a big fire sale in LBI and unfortunately I caught this fire sale little late where some LBI holder sold its LBI at very cheap.
When I say it is cheap because it was sold at bid price of LEO (that was .30 Hive) vs ask price of LBI at .30 Hive.
I will not go in more detail and directly refer to the LBI post where it calculated "LBI token price - 1.53 LEO"
So selling LBI at bid price of LEO means it is more then 53% discount and buying this price is no brainer because 1 LBI= 1 LEO is project launch price and you are still able to get it at that initial price.
Did I talked about dividends?
LBI is now paying dividends and it's 1.53 LEO price is after paying dividends. I remember users got option to buy LBI at par with LEO till first week of February 2021. So it still have to complete a year and asset value is already 1.5x with payment of dividends.
How good are dividends?
This is here you will really find the interesting facts about LBI and I will use my LBI stake to calculate it.
Adding my last 5 dividends (12.892+13.491+14.298+12.901+14.507) sum come as 68.089 LEO.
Dividing by 35 it will be approx. 1.95 LEO payment per day.
I own 3013 LBI in my wallet and let assume it as 3013 LEO (as in fire sale you already got 1 LBI in price of 1 LEO)
so how much curation rewards this 3013 LEO will get in 1 day?
I calculated and it look like at 100% VP 3013 LEO will generate vote of .29 LEO. Giving 10 votes in a day it makes 2.9 LEO and curation rewards will be half so you will be getting max of 1.45 LEO per day.
So LBI dividends are giving you (1.95 - 1.45)/1.45 =34.48% more return in dividends and that all passive.
Kudos to those who got LBI in sale.
Unfortunately, when this fire sale was going , I was just wondering and calculating the LBI dividends value. Once I calculated I immediately grabbed 205 LBI that was left.
By seeing so much worth in LBI, I was little double minded ,should I pass my research to everyone or keep it secret and wait to grab it when someone sell it but anyway I decided to pass it on for both the benefit of the buyer and seller.
If you still need to sell it.
I guess you should go to LEO discord first and find if some one can give you a right price. Even if I check it from curation perspective
you should not be selling your LBI below 1.3 LEO per LBI.
Hope you guys loved it, upvote, comments and reblogs are appreciated.
Posted Using LeoFinance Beta
