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.
Earning this up is up on last week which is awesome because last week we were gifted our monthly SPK airdrop. The content for some reason is higher than normal but I'm liking it. We must have got a whale vote are something. Gaming brought in 100 HIVE this week so that's great even earnings from leasing HP to get WOO increased this week as well. Pretty much everything is up except for "other" so it's been a good week overall.
Liquid HIVE balance is up a little this week, we added a few HBD to saving and HP is up 50-100 HIVE, pretty standard week.
I bought back a few SPI a few days back and eat up the sell wall. It's strange that SPI's sell for under true value but whats even stranger is that nobody sells them. I bought the entire sell wall for under 300 HIVE which is under 100 tokens. So nobody sells them but they still sell for undervaluing. Jesus, people must really not like SPI tokens 🤣 Why? ❓
This week I did a short loan for 1000 BUSD to be paid back weekly. You can track this in the hive-engine wallet 2nd from a bottom listing. We are earning a small APY and I see it as a way of converting 1000 BUSD into HIVE as the price of HIVE declines, it's sorta like weekly DCA mixed with shorting HIVE to get more. LISTNERDS this week has tanked more, we'll be lucky to get back 1 month's worth of fees at this point. UTOPIS is still away to the dogs as the promised dividend was not made. At its current price, not even worth selling. Everything else is established and performing well for us.
Not much change in our non-HIVE holdings this week to be honest. Im having problem with interacting with CUB kingdoms so i cant claim pending rewards which are worth near $50 atm. I have created a ticket on the LEO server and they are looking into it now so fingers crossed all will be fixed soon. JK is still compounding down on his wallet and growing the assets so we're cruising on steady waters.
Everything is going well, or as well as it can. The markets are trending sideways, I'm still watching the price of ETH and seeing it bounce around $1300 for the past 2 weeks already. Things are a little boring, to be honest, this is the hard part of long-term investing, it's fighting the boredom and sticking to the plan of not chasing high APYs in the knowledge that what you do hold will generate greater returns in the future. With BTC, we could split it into an LP token and earn 30%+ APY in defi with risk or we can simply hold BTC on a ledger and watch it 5x (500%) in 3-4 years with no risk to asset. Defi is cool but it's not passive and it costs money in fees, more than you think. Cefi is another route but with Celsius going busto, I'm wary. Just HODL is SPI's plan.
With that said, we have built up a nice stack of HBD tokens, these will mostly be converted to HIVE when I think we are somewhere near the bottom of the market with the hope to convert them back into much more HBD when HIVE hits $1 during the next bull market. If HBD is still paying out 20%, we'll be ballers 😎
That's about all i have for this week folks, its been a decent week and we continue on. Thanks for checking the report out, have a great week.
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.