So I see that each LBI token is worth 2.1.
I take my spinvest HIVE payout every week, and buy SPI tokens. It is pretty nice to know that I am usually buying these tokens at a discount, since Hive Engine does not always carry SPI's true value.
However, when I try to do the same thing with LBI I get confused.
I can simply take my leo and turn it into swap.hive and then buy and LBI token, but how do I know if I am getting a "good" deal.
To spell it out, I am asking for help with the math formula here.
Also, does this account do LBI buy back like @spinvest does?
seriously laughing at myself cause I thought CUB would one day be worth $50 each hahahahaha
Hey metzli,
You're getting a good deal any time that the price of LBI is close to the price of LEO itself.
With 1 LBI now worth over 2 LEO itself, if you can buy LBI for the same price as you can buy LEO, it's a good deal.
For an example walkthrough, I spoke about accumulating cheap LBI here.
Yep :)
Posted Using LeoFinance Beta
Ok I can see how I was over thinking that to the point where I feel a little silly.
But at the same time.
I know now. lol. So if the price is worth 10 LEO per LBI, than a good price would be whatever the leo price is x 10.
Thank you and I will be checking out your post now.
Posted Using LeoFinance Beta