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 were better than i guessed they would have been but we got boasted from the monthly SPK airdrop that arrived early this morning to the tune of 115 HIVE. Content rewards are down because i took 2 weeks off and we have only been uploading once instead of 3 times like normal. Shanibeer has been working hard and starting to recruit content writers so fingers crossed we will start to see new content coming from the SPinvest account.
Dividend tokens are starting to add up nicely, still small but we have to start somewhere. JK's earnings marked as defi have been 100 for the past few weeks which has been awesome to see and im not sure whats happenings with gaming rewards. I might need to hit up SS and ask to see whats going on.
Earning overall this week have been good, any week over 500 HIVE is a win for us.
HIVE wallets are doing great. Our liquid HIVE balance is about floating break even and seems to hover between 500 and 1000 each week. Our HIVE power balance has increased by around 5-7k HP in the past few weeks from EDS. Our HBD balance is growing by a few HBD each week from content rewards and around 190 HBD a month in interest payments. I have been adding 20 BUSD worth of HIVE to the HIVE saving wallet to start and build a pot for the Royal Lotto that will start this coming Wednesday.
Not too much change to our hive-engine token listings. I got time to update the table above so it now shows our new income tokens, income, defi, lgn and labfund. So now at least you can see better would we hold. These were marked as "other" until now.
It has not been a great few weeks for HIVE with today's price sitting at $0.26. We have been luckyish because about 20% of the total fund is sitting in stable tokens which have saved us a lot of value of the past 5-6 months as HIVE has declined from $0.70-$0.80.
2023 will be a year for stacking and buying up bargains. I'll start off getting 0.03 BTC to top us back up to 1 full BTC and then I'll start to DCA into ETH for a year are so i guess. Im likely to snap up some DOGE if it drops to 3 cent as well, it would be a gamble but DOGE is the BTC of meme tokens and increase during a bullrun. We stacked USD hard in 2022, in 2023, we'll get it back into crypto.
The SPI token price has shot up to 4.70 HIVE each since the price of HIVE dropped. In terms of dollars, it's been holding steady at around $1.25 for the past few weeks.
We have actually for the first time this year gone into HIVE profit with the fund having grown 4.08% in HIVE from year start. In terms of dollars, the fund is down 44.52% which looks bad but when we consider that HIVE has dropped 74% in the same amount of time, it's not so bad. We are valued in HIVE and we hold our stables and another crypto as a hedge during bear markets.
Lost bear market, we could have converted 1 BTC for 430k HIVE while HIVE was bottoming out but during the HIVE top, 1 BTC got closer to 24k HIVE. Today, you need 64k HIVE for 1 BTC so if history repeats we could see this increase to over 300k easily over the coming months as we head further into crypto winter.
Last bear market, SPI peaked out with a price of 7 HIVE and we are much stronger then time round so i would not be surprised to see SPI valued at over 10 HIVE each in 9-12 months time from now. The total fund could even peak out at over 1 million HIVE, in fact i would be surprised if we did not hit this milestone and it'll come at the peak of the bear market when HIVE is at its lowest.
In other news, we launched SPI Royalty Rewards this week with airdrops going out to 35 members. I will be sending out digital rewards within the next few weeks to Queens and higher and starting this Wednesday all members (jacks and higher) is the new SPI Royalty Lotto. It's not easy to win but when you do win, you will win a decent amount. Currently, the pot is at 445 HIVE with a Jackpot of 378 HIVE for matching 3 numbers and matching 2 numbers wins 23 HIVE. This pot grows by around 70-80 HIVE per week and we'll still have a 4-figure HIVE jackpot. Looking forward to this one.
Thats the update for this week. Happy New year everyone, i think 2023 is going to be a tough year for a lot of people but SPI will continue to do it's best by reacting to what is happening within the crypto market during this phase of its market cycle. I don't see us finishing the year with such a large stable token holdings, maybe 2-3% instead of 20% as we need to snap up bargains 😏🤑
Thanks for taking for the time to show continued support,
Thank you for taking the time to read through this week's 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.
Wow doing good on the earning all over actually. Cool to see the spreading, as I also enjoy the spreading here and there to not go for the 1 horse. Its what we do
Lots of profits wished to you for the upcoming year!