I was thrilled to become an Orca this week - and just a month ahead of my target of 17 July, which will be my third anniversary here.
I enjoyed taking snapshots of @arcange's posts on 17 and 18 June 2020 and was delighted to see that Orcas had increased by one!
Source Charts for 16 and 17 June 2020, courtesy of @arcange.
My 100MVs are also represented in the distribution tables as well, although with Steem power-downs coming into play, there was a lot of movement of Hive Power across the classes of account holders. I didn't even register in the top ten power ups that day!
Source Charts for 16 and 17 June 2020, courtesy of @arcange.
Even making it across the threshold into Orca class, I'm still almost the smallest one ranking at the 337th largest account in terms of Hive Power. Given that I'm an ordinary person with no prior crypto experience and I never imagined I would make it to Dolphin, I am more than happy to be sitting in the largest 500 accounts by Hive Power in the world.
I have had quite a strange experience of setting targets and, in most cases, reaching them much sooner than planned, usually a month to six weeks ahead of time. It's an interesting phenomenon that I need to apply to home improvements. Perhaps I should start blogging about that.
Other Hive Investments
I liked this post by @revisesociology about his Hive investments, gathered through the LeoFinance HiveStats tool. I decided to have a look at my own. I've benefitted quite well from airdrops, the most recent being Hustler - I'm looking forward to seeing what that's about.
My big Hive Engine investment is SPInvest (@spinvest) sitting at 8,350 tokens (8.35% of the fund - this was one target I didn't quite make, I aimed for 10%. I've still got time). The value of this varies according to demand for the token. It's currently valued on Hive Engine at $5,445. This represents the value from the weekly holdings and earnings report plus a premium for anticipated growth in the token.
In addition to HODLing or selling on Hive Engine, SPInvest offers a 95% buy back guarantee. This is based on a five day average of the value of the token's holdings and earnings which is published every day in its own discord channel. Most sellers would want to use Hive Engine, but there may be a time when an investor needs to sell a lot of tokens very quickly and SPInvest is able to help with this. Members have agreed a ceiling of 1000 Hive per day to ensure the fund remains stable and that would be adequate for most investors to withdraw funds within two or three days.
The Fund is now big enough to pay a weekly dividend to investors. This is based on earnings each week, which you can find in the weekly holdings and earnings report. This week the expected dividend is 0.28 Hive per 100 tokens held. The dividend has increased from an annual equivalent of 11.5% to 14.5% since dividends started. I expect earnings to fluctuate, so this is likely to vary from week to week, but at the moment, it is looking very pleasant.
Source Chart courtesy of @spinvest (@silverstackeruk)
SPInvest currently has a twenty-five day auction for the remaining unissued SPI tokens with 100 tokens auctioned each day. The latest post about the auction is here and you can follow @spinvest to keep up to date. It is a great way to re-invest dividends paid out through the fund.
There's a new weekly post on @spinvest by @metzli (Wednesdays, I believe) looking at other Hive Investments, starting with a review of some of the Hive Engine tokens. This has renewed my interest and I'm looking forward reading the profiles each week. At the moment, after SPInvest, my Hive Engine investments are worth about a couple of hundred dollars.
My other modest investment is Bitcoin: finally I have some! I had a target for the year which I've reached already, so again, I'm very pleased.
Very happy to be here, really appreciate the support I've had from other people to get where I am, and glad that my involvement with Steem is coming to a close and Hive can move on to other things. I've some new projects and targets and I'll be writing about them soon, but tonight I'm going to eat fish and chips and drink beer.
PS: Just noticed that at 9:19 BST 20 June 2020, I'm sitting in the top twenty in trending in LeoFinance - another first!