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.
Earnings this week are up on last week which is always good. I sold off a few tokens that have been building on hive-engine to the turn of 69 HIVE, mostly a mixture of SPS, BXT and a few other tokens I've been unstaking. The LEO to HIVE ratio has increased a tiny bit so this helps with LEO earnings. I noticed that easydefi has not paid out for 2 weeks so I'll need to check that. easydefi is a project that pays out weekly LEO divs gained from CUBfinance investing and harvesting. It's not worth that much but still... Overall, a good week.
This week I added in our HIVE/SWAP.BUSD LP token we have on Beeswap. I have been thinking about converting some BTC to a stable if it passes $40k. The amount I was thinking was 0.06 BTC which is the interest we've earned. I have no idea if the market is gonna turn bull again are if we are already in a bear market. We will only know in 3-4 months' time for sure.
The SPI HIVE price is up this week, up to 3.2 which is nice. I see a few people snapped up some cheap SPI from the hive-engine market.
Overall it's been a very good week for us as the price of most of our holdings or up on last week.
FYI, SPI dividends will swap over from SPI token to HIVE on the 20th of March. I've DM'd Gerber and he's given the green light to having time to do it. This week we see us introduce rewards for those that produce content or manage accounts/wallets for us. These rewards will be paid out in SPI tokens for the foreseeable future. See this post from last month for more details.
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.