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RE: Leo Talk 3/14/2021 -Come Join Our Chat

in LeoFinance5 years ago

No according to HE, it is already at max token issued. So I was just commenting that they must be buying SPI off the market to pay the dividends. I do agree that if SPI price goes too high, they can just change to HIVE payouts.

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Oh okay I didn't realize that at all . I knew they had hardcapped SPI long ago but I never realized they are buying SPI to pay dividends ( or maybe they have a lot of SPI already in their account ) and giving them out.

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They arent. SPInvest bought those tokens off someone and is now using them as dividends while putting the weekly earnings to work.

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Oh okay got it , @silverstackeruk actually told me about the guy who sold all of his SPI for ETH but I didn't know that was the reason they started paying in SPI again .

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Yeah had to reload on the liquid crypto so used SPI to pay dividends.

Effectively a dividend freeze of sorts.

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