Hello, SPIers. 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 testing 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.
Earnings this week are decent at 500 HIVE. We had a nice boast of 120 HIVE from the SPK airdrop but never received any HIVE from the gaming account which has been 50 a week for the past 4-5 weeks, maybe SS is just running late and we'll see it marked as 100 next week 😁 Leasing is working out well for us and you can see APY of 16.44%, not many people can earn 16.5% with HP but you gotta know where to go. WOO is working out great and we are up to full payout each week after unstaking for the past 4 weeks. Its APY has been slowly dropping but it's currently still over 20% which is a win in my books and worth the 5-day cooldown period where the HP is not earning.
I have added in a new DEFI section as most of JK's earnings come from defi and at a later date, SPI might join in. This DEFI section has replaced SPS which was funny enough moved over to the BSC chain and is now part of our defi holdings.
Decent earnings, would be happy with this each week.
We have had a small boast in HP thanks for EDS which sold out of EDSMM miner tokens this week and added over 3k HIVE to its wallet. Its current APY paid out in HIVE is over 31% which i think i can say is the best on HIVE. We currently have bought back over 750. They earn us a 31% HIVE income and we can provide a buyback wall at 1 HIVE. Some of this balance is marked for Royalty reward airdrops coming soon, within the next 2 weeks.
Our HBD is doing very well as a hedge against the declining market. We also picked up this month's interest payments this week for a cool 145 HBD so awesome. Still offloading LISTNERDS as and when the unstakes come in, the token is really worthless but there is a buy wall and im guessing it'll not last forever so use and abuse it until we're out. I'd guess we've still got 5ish weeks until the last one unstake comes in. As for UTOPIS, I give up, it's unsellable and at the prices it's at today, its APY is actually over 100% so on paper we should hold. On paper, we should buy more but im not that stupid and think it'll fade away to nothing. We hold it until it's dead in a nutshell whether that be in 6 months or 6 years.
Hmmm, not much change within our crypto or defi holdings this week. Because most of our holdings are in the 4belt LP and most of the rewards from that are auto compounded not much action. We did earn $30 worth of CUB but there seems to be a glitch with something because the transaction is requesting 0.80 BNB as a fee and warning it might not go through. The same happened when I tested to withdraw the LP as well. This worries me a little because this money in 4belt is parked money that is earmarked to become ETH someday when the $ price is right, $1050 to be more exact. Im, not that worried now but if ETH were floating around the $1150-1200 mark I might be. I hope they see this bug and get it sorted. Just noticing that around 20% of the total fund is in stable tokens right now. I hoping tha in the next 12-18 months, this will be zero percent and we'll be fully locked and loaded for the next bull market.
What we invest into, i do not know yet. We have 1 BTC (almost) and we'll get back the better part of 20 ETH when i convert our 4belt LP. What we invest into might not even be released yet, we'll have just over $10k play money. Some could go into HIVE, some into an ICO of the next ETH killer, shit we could even get ourselves a small bag of DOGE should it drop to under 1 cent cause we know that gonna pop off again next bull run and there's a decent chance for a 20x for 1 penny to 20 cent. Anyways, new cryptos are introduced all the time and it's hard to say what we'll invest into in 18 months' time.
We grind on with the plan week by week and watch it all unfold over months and years. Right now, im basically waiting for ETH to drop. After that, I'll prob put more focus into increasing HIVE income to increase dividends, HP and non-HIVE investing into defi while it's cheap and we're earning more HIVE.
Not a bad week all in all. The HIVE value has increased while the dollar value decreased. The whole market over the past week has declined with HIVE dropping around 2 cents. 2 cents might sound like alot but that's worth $3k to SPI with it's holdings of near 148k HIVE. For every cent up are down, SPI gains or loses $1500ish. Crazy?
I expect bad times for the next while so get used to me trying to put a positive spin on things. By bad times, I mean bad times if you hold and good times to buy bargains. I'd like to go back to its roots and to what SPI did last bear market when it launched and that was to produce lots of content but it's hard to find the time. Maybe an incentive like a 50% split on post rewards would be appealing to some, im not sure. Just make SPI team rewards for people that run accounts for us. This would also make the SPI stack on HE last longer as well. Just thinking out loud at this point. Anyways, moving on....
I received the last of the stuff I needed to put together the SPI/HIVE merch packs. They are all done, I did them about 4 hours ago and now I have 25 boxes piled up in 3 stacks of 8. Your thinking, but that that only 24, there 1 missing. Well....i never stacked my own merch pack intothe postage pile 😏 but the rest are ready to be shipped out. There are currently 15 token holders with more than 1000 SPI excluding @spinvest and @null so there are 9 boxes left over after I reserved 1 for our coder. I'll probally raffle them off to Queen and Jacks that agree to pay shipping. I will release a post this week all about that, there will be no snapshot date, it'll just be whoever is on the list on the day i write the post. I'll update the list monthly so if you holding close to either 250,500 or 1000 SPI's, would be a good time to top up. Im looking forward to this, to sending out merch packs and being done with them, starting up the SPI lotto and doing airdrops from time to time with tokens we acquire cheaply or receive from an airdrop. Looking forward to this, post with all details coming witht he next week.
Let's about all for this week, I hope you have a great one and I'll be back next Sunday with another report.
Thank you for taking the time to read through this week's SPI earnings and holding report. We post every Sunday to keep our investors up to date so please follow the account if you want to track our progress.