I was waiting a bit for prices to correct (let's see I can avoid posting at ATH prices, though!), but whatever, I had to write this update anyway. Lots of substantial developments this week. Take a mug of coffee, and let's recap:
After a +50K$ profit in paper gains, TVL is nearing 200K$ , SEED token crosses 'backed' value of 2$ for the first time.
We won our first allocation of 3000$ on DAO Maker (this is HUGE!).
Onboarded a new Private Investor. Bought 10K SEED OTC (from me, so no new tokens minted). Details below.
About our Hive Engine holdings... (check below!).
DAO Maker related news
DAO Maker introduced a bunch of news (Venture Farming) that introduced significant improvements to the underlying token, being the most interesting buyback & distribution mechanism for hardcore DAO holders (like us). The new mechanism gives staking rewards with a virtual lock on DAO holdings, which benefits us A LOT.
As long as the number keeps going up, I won't complain that much ;)
Want to know more? check the details details there.
On other news, we won our first Presale being in the full power of 50K DAO and received a 3000$ allocation. This is pretty huge (they ran a huge Presale though), considering that previous presale allocations were around 200-750$. YUGE!
Since SEED has not much liquidity available, I provided the 3000$ from my own pocket. I'll recover them later (that's why you see a negative balance on cointracking, I'm already accounting for this 'loan' of 3K$).
Assuming the freshly released tokens do a x10 on day one, we're talking about +24K$ profits (discounting fees and other stuff). I'll tell you in a few days.
New Private Investor, more decentralization.
In the last year, I've been onboarding a decent number of people into crypto. And in some cases, a few with deep pockets. One of them wanted a share of SEED and we agreed on an OTC deal.
No new SEED has been minted and 100% of his freshly purchased comes from my own founder share. (So no dilution for anyone).
This new investor ( ) will play a necessary role in SEED as a safeguard of the
keys in case something happens to me.
As a bonus, he delegated +30K Hive Power to . Which will give us a very nice boost on curation earnings.
My Position on Hive & HE earnings
has been accumulating a nice chunk of HIVE, HBD and other Hive-Engine related tokens. My official position in that sense is that we would sell gradually the HE tokens and focus only on HIVE & HBD.
Since most (if not all) of these tokens come from community support, I've decided to change this policy, and I'm announcing that from now onwards will hold and stake LEO, POB and BEE.
Long-term well be doing do our best to help & improve the Hive-Engine ecosystem. And this is only possible by empowering the underlying communities.
What about being a HE witness? That's food for thought and something which I still have to research.
Current SEED Stats:
Circulating Supply: 86,500 tokens.
Total Supply; 100.000 tokens (13,5K unissued).
AUM Value (All assets): 192.500$
SEED TOTAL Value: 192500/86,500 = 2,22$ /SEED (+122% since the beginning).
122/3 = 40% MoM profit
Aaaand... we keep going up :)
It's Saturday. Enjoy the night and the rest of the weekend. Ah, almost forgot. , take your meme and enjoy :)
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Remember you can follow the portfolio in real-time here:
https://cointracking.info/portfolio/seedtreasury
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