At the time of writing this, the value of tokens is down 90% according to steem-engine.
My guess is that some people who don't fully understand the club are selling so that they may pull their liquid steem out, and in that way get a bigger airdrop from Hive.
Each token is backed by STEEMPOWER.
So, after the airdrop, each Spinvest token will be backed by STEEMPOWER and HIVEPOWER.
We also don't know what the value of the Hive token will be.
What we do know is that the token will retain its value of 1STEEMPOWER per token, and will gain the value of 1HIVEPOWER per token.
The airdrop will instead be given to the club. Which means you will get the airdrop, it will just be in account instead of your personal account. Remember that holding a token means you own part of that account.
If you want a say, please become a confirmed member, and please join us on discord.
For now, we will be sitting tight and seeing what happens.
Many of us, with our individual money are excited for what is to come with the fork. However, as Club Members, we are well aware that our motto is "get rich slow" which means we don't make drastic moves. All our moves are planned and voted upon by members.
And if you have been selling for less than 1 STEEM. Stop. Your token is worth more than that, no matter what the steem-engine interface says.
And with the fork, it will grow into Hive Power too.
Posted via Steemleo