A New(er) Project on STEEM Worth Checking Out - @spinvest

I came across a post the other day authored by @taskmaster4450 where he discusses a recent initiative called SPInvest. The read is very interesting and can be found here if interested in more specific details about the project. Task does a lot of research and mostly posts about futuristic technologies that will change the future, and also tends to follow those who "do the research." His page is worth a look.

The idea behind SPInvest is not some happy-go-lucky get rich quick scheme. This project directly illustrates the purpose of powering up STEEM to SP with a long-term vision in mind. Depending upon your own STEEM goals, this project may or may not align with your guiding principles. I do know however, that it certainly aligns with mine.

Image derived from Pixabay

@spinvest is an investment club for the entire community and ecosystem which is funded through the account's direct utilization of SP MVESTs, earning SP simply by having it staked. The fund looks to utilize SP through the long-term holding technique and by also taking advantage of STEEM’s high inflation rate, which is currently around 8.59%. By this method, spinvest is currently building a safe investment portfolio using time to its full advantage while also ensuring investors’ original capital is not at risk.

Basically, all the STEEM that is sent to @spinvest will be powered up and used to fill lease requests or vote sold to receive an interest payout of roughly 20% each year. The STEEM that is sent will be compensated for in SPI token. The current rate will get you 1 SPI for every 1.12 STEEM. This ratio is only going to become less and less favorable for investors as more and more SPI tokens are distributed. At first, the ratio was 1:1, but after just a few short months the ratio has since become slightly less favorable.

Image derived from Pixabay

SPI tokens can also be purchased directly through steem-engine. You will find the price of one SPI currently hovering around $0.20 (just the other day when I drafted this up, the price of 1 SPI was $0.18). Since spinvest fund is such a quality and ingenious idea serving the purpose of staking and powering up STEEM, the price is set to soar as more and more people catch wind of this trend. If you take a look at spinvest’s wallet, you will see the account has grown rather quickly to more than 20,000 SP. The account was only started 2 short months ago by @silverstackeruk

This project is still in its beginning stages, but many steemians are stacking and staking SPI for reasons beyond creating wealth. If you have not heard about this investment opportunity, then make your way over to @spinvest’s page and have a look for yourself.

Disclosure: none of the above information is intended as financial or investment advice. Invest wisely, and do not invest more than you can afford to lose.