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 week have been pretty consistent with we have been earning the 6-8 weeks so we are cruising. I added SPS into income because we get it every week and it's worth a few HIVE so it should be included. This week's SPS payout is double so expect to see this half next week. If we are headed into a full-on bear market, we might see HIVE earnings increase as the ratios between HIVE and other HE tokens we receive get closer to 1-1.
This weeks dividend is 260 HIVE, this represents a 4% APY which is not huge but SPI's main focus is token value growth 🚀
Starting out strong just over 100,000 HP over 2 accounts and over 5000 HBD in the saving wallets ready to earn us over 1000 HBD in rewards over the coming year.
No changes in the above other than adding around $600 of stable tokens earned from EMP farming Eshare rewards. Below, not much change, the prices of everything last week is pretty much thte same as they are today with a dip and rise during the week. We continue to hold our BTC on CUBfinance for now but i will be moving it soon. Im not sure how certain cefi lending/saving platforms will play out during the bear market as i guess thousands of loans are going to go into liquidation as the prices of cryptos fall. At this rate, im starting to think offline wallet, it'll not earn anything but it'll be safe as houses.
That's week 1 of year 3, pretty uneventful. The overall markets look to have slowed down and stabilized before they do whatever they are going to do next. A few weeks of sideways action will be nice and give us time to decide how to go forward. HIVE is up around 2 cents (4%) from last week's report so it's actually done better compared to our BTC and ETH holdings which are both down around 3-4% from last weeks report.
The total fund value is just over 330,000 HIVE giving each of the 93,000 SPI tokens in circulation a value of 3.42 HIVE. This number is based on the fund's liquidation value.
Going into year 3, I can't really predict what is going o happen to the markets are how SPI will be affected. This is the first time SPI is entering a bear market so it's a new experience and I'll be moving cautiously, stacking stables when I can and trying to prepare best to get bargains sometime during the coming crypto winter. I have personally been through 2 complete market cycles but this time is different because there's a war in Ukraine, banks are increasing rates, inflation is increasing and the property market still needs to pop. There is talk of a recession coming and that would normally mean, bad times are coming because they'll talk about it for 6-12 months before we start to see the actual effects of it in the public. High inflation = less spending power = bad times. Crypto's lately have been moving like stocks so we'll see if that continues are they break away over the next year.
As with every year, we're gonna have alot of fun and stick to the same plan of just getting it done and trying not losing money.
Have a great week everyone
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.