Hello SPIer's, let take a look and see how token sales and fund allocation are going for our newest token Top 15 (XV)
What is TOP 15 (XV)
XV is a 2-year HODL token. All HIVE collected from issuing XV tokens are converted into a basket of 15 cryptos ranked within the top 50 on coingecko. The token sale lasts for 10 weeks with 6 weeks remaining and each token is sold for 1 HIVE each.
After SPinvest stops issuing XV tokens, the remaining will be burnt and we wait 2 years. During this time, we HODL the basket, it gets rebalanced and as we enter into the next bullrun it should grow in value. After 2 years have passed, I sell the basket and convert it into HIVE. I work out the HIVE value per XV token and buy the tokens back on hive-engine to wind the project down.
SPI takes a 5% cut of the profits for actively managing the project for 2 years, rebalancing the assets, update posts for investors, etc.
Buy low - HODL - Sell high
Click HERE to buy XV from hive-engine
XV Token sale Update - Week 6 of 10
This week tokens were not good but not great, we were able to issue just under 1000 tokens. That brings a total of around 8000 sold in the past 6 week which is ok, i had higher hopes of maybe hitting 20,000 sold by the end of the public sale. Fingers crossed we can a bunch of people investing late as the clock runs out.
Below is how we are doing so far after 6 weeks. The number above 1,2,3,4,5 and 6 are the amount XV tokens sold that week. The dollar amount is after i convert the HIVE from token sale into USDT to buy the basket.
XV Basket allocation Update
The 15 crypto above are being held in 2 wallets currently. The top 10 cryptos are being held in an automatic rebalancer on Binanace and the bottom 5 are being held in a Binance spot wallet that I manually rebalance each week as new funds are added. When the public sale finishes in 4 weeks, all cryptos will be sent to some sort of cold storage, either a desktop wallet or the SPI ledger and then rebalanced either manually or automatically depending on if I can find a good rebalance bot.
Lets have a look at the Binanace Rebalancer bot first and see how things have been going this week.
This week this the bot has been selling BTC as its price has smashed $30k and buying into mainly DOGE by the looks of it as it underperforms this week after it mooned 25% in 1 day last week.
Im actually really enjoying this this feature on Binance. There a minamin invest of $1000 and you can only pick up to 10 cryptos but it seems to work really well. You can also top it up too which i have been doing each week, theres seems to be no minamums on topping up.
A few exchanges now offer rebalancer bots but there are not many options that are decentralized. There are few and that's what i'll be looking into for the 2 year HODL
Thats have a looks at our bottom 5 cryptos being held in the spot wallet.
I last rebalanced these around 14 hours ago and we can see already that STX is way off. If we go to coingecko, and click on the "24hr" option 2 times, STX is top of the list for the biggest loser in the top 100 at -7.3% for the past 24 hours. Bummer as STX had a really good run a few weeks back but this has dropped it to 46th in the rankings.
The other 4 have had a mostly sideways week with not too many happenings. These holdings are currently balanced 1 time per week. If one of these tokens moons, we can let it ride for a day are 2 and it might perform better for us. These small market cap tokens have a better chance to go 30-50% in a week compared to the cryptos being held in the rebalancer bot.
Looking quickly at the current XV TOKEN price
Total basket valued in $ is 3449.15
Total backet valued in HIVE is 8231.86
Total Tokens in circulation is 7936.03
Estamated value per XV Token is 1.04 HIVE
Only 4 weeks left to BUY XV for cheap at only 1 HIVE each!
XV Tokens are a once-per-cycle chance!
The timing of when XV was launched when the token sale ends and when the project is due to wind down has been timed. I have been sitting on this idea since pre-COVID and I'll explain quickly why it's all about timing.
We've all heard the saying, time in the market will beta timing the market every time. It's true but this statement was crypto and for the past decade crypto as an asset class has been moving to the drum of BTC having events which is around 4 years. This year 2023 is comparable to 2019 and 2015 in the 4 year crypto cycle.
If you bought crypto in 2015 and held it for 2 years, you'd have made alot of money in 2017.
If you bought crypto is 2019 and held it for 2 years, you'd have made alot of money in 2021.
If we buy alot of crypto this year and hold it for 2 years until 2025, do we think we'll make alot of money?
I think the answer is yes otherwise XV tokens would never have been released. Based on the past 2 crypto market cycles, BTCs top comes in around 58-62 weeks after its halving event. If this is when XV is planned to wind down. I can never hit it perfectly but if XV winds down at around BTC next ATH, I will be able to buy back everyone's XV for HIVE around the same time ALT season kicks off properly.
In a perfect world
- You give me 500 HIVE today for 500 XV tokens.
- I put your money into a basket of high market cap cryptos
- These outperform HIVE for the next 2 years heading into next bullrun
(BTC sets the pace, ETH and high-cap ALT's follow after a few weeks, midcap crypto follows next and low-cap tokens follow after that) - BTC is hitting ATH and we wind down the XV project
- I buy back your 500 XV tokens for 1500+ HIVE
- You hold your HIVE and wait 4-6 months for HIVE which is smallcap token to catch up
- You sell youR 1500 HIVE when HIVE moons to over $2 and collect 3000 HBD tokens. You save and compound interest for 2 years and then when HIVE drops back to $1 during the next bear market in 2027, you buy back 4200 HIVE.
XV relaunches in 2027 and you buy in for 8x more tokens.
Of course this is all in a perfect world were everything goes to plan. I am sure that we will have a few bumps to jump over along the way a but we all know that 2025 will be the next huge bullrun year for crypto. The ratio between HIVE and BTC swing massively and when we can put all these things together and stick to a plan, the result should be amazing. I dont mean like 50x amazing but investing 15 of the top 50 ranked cryptos at market cap size is as safe as you can get into crypto.
As requested by 5-6 people, i will tag current token holders to these update posts.
Click HERE to buy XV for only 1 HIVE
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