Hello, SPIer's. Today is Sunday and we end the SPI week with our weekly dividend payment this evening and every Sunday at 21.00 GMT.
What is SPI?
SPI tokens are growth investment tokens that pay a weekly dividend. They have been circulating for over 2 years, on STEEMHIVE. Mostly sold for 1 HIVE, each token today is worth over 4 times its HIVE issue value and 12x its dollar value. On top of that, token holders receive roughly 8% more SPI's every year from weekly dividends. We raised $13k from issuing SPI tokens for the first year which has been used to grow a diverse portfolio of investments, many of which provide streams of passive incomes. SPI tokens are part ownership of all SPinvest tokens/accounts, assets and income. The price of each SPI token is its liquidation value as SPI tokens are 100% backed by holdings. Handcapped to roughly 94,000, no more can be minted are issued. Adding, hold and compounding has us on the road to major growth and these tokens are still growing in value.
SPI tokens are part ownership in an actively managed fund. We have our hands in over 20 investments with the lion share being HIVE, BTC & ETH. We dont FOMO are chase pipe dreams. Tried and tested works best and is safest. Our motto is "Get rich slowly" and compounding down on sound investments is our game. You should invest in SPI tokens with the mindset of not selling for 3-5 years minimum. Let's have a look at this week's on-chain HIVE earnings.
Pretty average earnings this week. Leasing HP is our next earner hands down and each week we consistently earn between 190-195 HIVE. @jk6276 who runs a defi wallet for us through the spinvest-leo account has also been very consistent with sending 100 HIVE each week since he started back at the end of 2022.
I am struggling to find of things that can passively make us HIVE without going off chain. We can invest heavily into a bunch of HE tokens that produce a HIVE yield through dividends but they offer no liquidity and buying and selling large amounts is expensive and time-consuming. Delegtating HP to yield some token offers the same problems when it comes time to sell the token into HIVE. leo.voter works a treat and LEO is very liquid but apart from that, i struggle to find much else.
Our gaming account is growing but during the bear market its yields shrink with the rest of the market. Im sure everything reading that is involved with defi farming will have seen earning during the bull run being 10x more than they are today and gaming is the same. If we were earning $500 back then, we might be earning $50 a week now. It'll come back around and in terms of NFT, lands and presale packs, an NTF worth 5 HIVE is still worth 5 HIVE whether HIVE is $0.50 or $10. Gaming I hope will be a big part of weekly incomes within the next few years. We could take money out now but why take pennies when we can wait take dollars. Get rich slow and all that.
Earning are what they are, if more content went out they would be better, if more people were involved and running small sub projects like JK does with defi, shitsignals does with gaming or Shanibeer does with EDS, they would be better. JK and Shitsignals take 20% of whatever they send back to spinvest. JK sends 100 HIVE each week and gets 20 back in return. Because he has already repaid back seed money, he could wind up his wallet and collect 20% of its total value. If you join the SPI team, you grow your own nestegg and you have plenty of incentive through part ownership of whatever your managing and weekly SPI token rewards for more ownership over SPI as well.
Anyways, 450 HIVE is about normal these days, dividends will have already gone out as this report is being uploaded later than normal.
HIVE balance are doing there thing. They grow a little each week from content rewards and HP inflation. Our HBD balance is now over 10k and we collected this month interest payment this week. Over 10k in HBD is quite an achievement for us and means each SPI token is backed by a little over 0.1 HBD.
The HP balance shown as 148k is 2 parts. 1 part (80k) is the balance spinvest holds and the other part (68k) in SPI's profit in EDS. We hold around 1k HP between other accounts under the SPinvest umbrella.
Not much happening with hive-engine tokens, we have a few more LGN compared to last week as it's still doing its year-long airdrop. Put from that, not much change. I plan to buy back some SPI's to top up the team reward balance but there are about 3-4 months already in reserve so there is no great rush.
This week i removed the last of our HDB/BUSD LPs and plan to buy up a few things. Im having problems converting HBD into BUSD and im limited to a few hundred a day to beable to keep slippage at under 2%. Even 2% annoyes me but it is what it is.
You can see above that we now hold some Cardano and Dogecoins. I spent $500 on each with plans to buy in for the same amount on each token 2 more times for a $1500 investment each. I am 95% sure i will add another $800-1200 into the SP500 and then finally allocate some towards converting to HIVE to use for buying back some SPI tokens. After all that, we'll have no money left, it'll be all gone!! Everything will be in something and our earnings from defi will drop to almost zero earning just enough to sustain grow for the weekly Royalty lotto. We'll hold BTC and take the 4-5x gains in 2 years, not need to split it and have exposure to defi to earn a 20-50% APY. We'll just hold on the SPI ledger and wait for the moon. Get rich slow and all of that good stuff.
Defi holding are shrinking with the main SPI account only holding a stake in ETH/EMP. The rest of the LP above are held by @jk6276. The wallet peaked at just over $100k for us and im sure sure day we will surpass this amount but it nots the right time in the cycle for us to be involved heavily into defi. Not saying being in defi is bad, its just not the best time for SPI to be in defi. Which limited resources, we need to maximax returns and right now, that can done by buys and HOLDing solid cryptos with no risk to IL through holding an LP token.
It's been a good week for SPI in terms of both HIVE and $ value. We are on week 44 and sitting on a 16.8% HIVE profit from year start which is so close to the SPI yealy target of 20%. It gets harder each year to grow by 20% but we have been valued at higher HIVE prices during 2020 so in my mind doing 20% should be acheveiable. To be honest, at this point, it has alot to do with HIVE's ratio against our other holdings. If HIVE remains stable and BTC moons, the HIVE price of SPI increases. If BTC drops and HIVE remains stable, the SPI token price decreases in HIVE value. We hold 15 investments with no connection to HIVE and around 30 within the HIVE ecosystem that are not pegged to HIVE and they are all moving up and down each day. The 20% growth target at this point is not so much in my hands, i mean it is but im at the mercy of the HIVE ratio gods.
I notice a few small bugs above that need fixed but im working on the SPI year 4 sheet and been having fun with that. Each year, the reports need an upgrade and more stats and information is shown. If you go back and good at the weekly reports during year 1 and compare them to today, its black and white. With that said, we had no proper investments in the first year, haha.
As said above, the plan over the next few weeks will be to buy us some more ADA, DOGE, SP500 and buy back some SPI tokens from the market. We should be pumping out lots of content and using those funds to invest during this stage of the cycle but we don't have the people and we do ok.
Ohhh, don't forget our new token, XV token. I have already converted HIVE from token sales into a basket of 15 cryptos. During this funding stage, I am holding the top 10 tokens in a Binance rebalance and holding the bottom 5 tokens in the spot wallet. The balancer bot has a max of 10. When the funding stage is over, I will reallocate all 15 tokens into an automatic rebalancer. This can be been by using 3rd party software that connects to the exchange wallet and performs the rebalance transactions based on whatever setting i input (1% +/-)
$1000 has been invested into a the Binance rebalance bot has yield 58 USDT so far and has made 1 transaction since starting a week back. You can compare the "initial Postion" with "Current Postion" and see the different. The 1 transaction the bot has made so far was selling a fraction of BTC into USDT. I guess when something drops, this USDT is used to buy.
I put $30 into each of these 5 below and 2 days ago and i had to convert a few STX into LINK tokens but it looks like its up again as i brought it down to $34 so it gone up $4 in 2 days. These 5 will be manually balanced until he funding stage is over.
Full XV report and token sales post will go out this week so keep an eye out for that.
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS mini miners | @eddie-earner | EDSM |
| EDS micro miners | @eddie-earner | EDSMM |
| CUBlife | @lbi-token | CL |
Stay up to date with investments, fund stats and find out more about SPinvest in our discord server
Thank you for taking the time to read through this weeks SPI earnings and holding report. We post every Sunday to keep our investors up to date so please follow the account if you would like to track our progress.
It's looking good, I like the XV tokens, they offer a way to be involved in crypto where risk is minimised (given it's crypto 😂) and all the work of managing the basket is done.
Second-layer tokens will grow when we have more people here, Several token founders have spoken about the challenges of liquidity and token prices with such a small daily user base. There are loads of brilliant ideas within the tokens, and it is about waiting, certainly two years, maybe longer.