Hello SPIers, It has been a long time since our last update so lets take a quick look at SPI, where we are at and what the plans are for the rest of 2026.
Ok, before we start, Im sure you are interested in some numbers so lets go over the main ones to get you up to date. Full reports will be starting again but when they do, we'll change from weekly reports as it was in the past to monthly reports as not much changes from week to week anymore.
Total Fund value = 594,255 HIVE
SPI token price = 6.39 HIVE
Total SPI fund = $57,642
SPI token price = $0.62
Lets get into it
This current cycle has not been good for us, lets made no bones about it. It sucks because we had finally got our shit together, we had a plan and we stuck to it. Sadly the market punished us for thinking we understood it. During the last cycle (2018-21), the HIVE to BTC ratio peaked at 330k-1 in 2020 then dropped all the way down to under 20k-1 when HIVE peaked at over $3 by the end of 2021. My plan 3 years back was to convert 1 BTC into 200k then exit when ALT season happened and the ratio dropped to 50k-1. It seemed like a conservative plan 3 years ago but I did not foresee Upbit getting hit by regulaters for not KYCing all thier customers and HIVE losing the Korean traders that pump its price during the bull.
Anyways, we all know that ALT season never arrived in 2025 and happened at the end of 2024. It's been downhill for everything expect BTC that went sideways for most of the year. I stuck to the plan and at the end of December, I sold out around 250k HIVE at $0.10 each. Did that hurt? YES! We bought that HIVE at $0.30 halfway through the last bear market so to have to sell it for $0.10 was painful. We lost $40k on the trade and would be currently $65k better off if we'd just held the BTC. It is what it is, we took a big risk and it did not pay off. I feel de-risking is better sooner than later when we're already in a bear market.
We could have held onto the HIVE but for what reason? Lets be honest here, what can we do with it? will the price go up in a bear market? will the curation APY ever be higher then HIVEs inflation % and I dont feel comfortable staking for 3 months. We're a project set up to grow but with HIVEs ever changing growing list of unwritten rules to adhere to its not easy to operate. My loyality is to my investors that have stood by me for near 7 years, not a crypto are a platform because these are really just tools to operate and are replaceable.
Financial projects have never got much love from the community as a whole. I get it, there are alot of scammers out there and HIVE is a social network blockchain. HIVE-engine tokens only funnel money out of HIVE, abuse the reward pool, scam people, etc, stay away from them. I get it. I understand exactly how the HIVE "higher ups" think of HE tokens including SPI and EDSI. Lets cut the fat and be honest, we're not really welcome here anymore are it at least feels like that.
The rest of 2026,
To get back to subject, we currently have around 40% of the fund sitting as USDT. I have not sold our ETH, PEPE, DOGE are ADA yet, im waiting to see if BTC will test $100k again, if nothing happens before the end of Feburary, i'll convert almost everything into USDT.
I have been on the fence between staking the USDT on Aave to earn a few percent are converting it to HBD to earn 15%. For the sake of simplicity and having instant access to funds, we'll probally go with Aave. So for the rest of 2026, we wait for the bear market to kick in and the prices of crypto to fall. Alot of things are down 80% already from last year but they can drop another 80%. Historically, the best time to buy BTC each cycle is roughly 1 year after the past bull market peak and then ALTs around 6 months after that.
The plan will be to buy as much BTC as we can when the trend flips from being bear to bull and the 6 months after that, we'll look into if it will be worth it to convert some of that BTC into any ALT's. There is talk of stock markets switching from business hours trading to 24/7 trading. If this happens, it will have a huge impact of crypto trading volumes and prices so ALT seasons might be a thing of the past. We have to wait and see what happens over the next 12-18 months.
For HIVE, there are no plans to do anything new on HIVE during 2026. Monthly reports from SPI & EDSI and maintaining the operations we already have in place will be the height of it.
BRO and DBOND/DAB Tokens
As many are aware, Ray from BRO went full wacko and nuked both BRO and LGN tokens. BDOND was a joint project with him and long story short, when he went wacko, I changed all the keys and blocked him out. He was very hands off anyways so makes no difference at all that he is gone.
The plan is currently to keep all DBOND/DAB and RUG tokens operating as is but with the price of HIVE and having to pay for bots each month in dollars, its break even at best as a project. We've maybe 5k HIVE of profit sitting in it for 3 years of operation but this is paper profit and DAB tokens holders get the benefit from it.
I had tried to think of the way to intergate DBOND with EDSI because it would be amazing to transfer 100k HP into EDSI and get it much closer to it's hardcap but it would not be clean. Both are income projects, same same but different sadly.
EDSI Tokens
We swapped its income payment pool back from a locked amount to being equal to 9% of the HP balance 6-7 weeks back. This helped with a HIVE deficit we had and we are now bringing in more HIVE than using for mint new EDSI. Barely more, maybe 10-30 HIVE per week from the 800 HIVE income. 500 EDSI minted and backed each week and 280 HIVE income pool = 780 HIVE per week required. Lucky we have a 50k+ surplus of HIVE for slow weeks.
Ideally I would like to release another token for EDSI as we still have some unallocated tokens from its 500k supply to distribute but I feel it would not be the right play in this current environment. Its a shame as I have a few great ideas.
EDSM & EDSMM = No changes, both will continue to mint around 150 EDSI each week as they have been already doing for years.
EDS-Vote = Running strong, minting lots of EDSI and doing its job. Around 5 months back, I started to follow the OCD curation trail with a 10% VP allocation but have since upped it to 20%. I did this for a few reasons, none of which I'll share in a public post. EDS-vote is currently minting 220 EDSI per week.
EDSD = Its doing ok, hanging in there. At 1 point we had almost 10k EDSD in circulation but this has dropped to 2800 over the past year as many people cashed out. Those that continue to hold are gaining more EDSI then ever as the price of HIVE declines. EDSD currently mints 40ish EDSI each week.
Thats about anything
Thats about all I think of right now. Monthly reports for SPI and EDSI will begain from next month. SPI will be the first Sunday of each month and EDSI, the first Monday.
If you have any questions please ask below and I will reply back as soon as I can.
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token |  | SPI |
| LBI token |  | LBI |
| Top XV token | | XV |
| Eddie Earners |  | EDSI |
| EDS miners | | EDSM |
| EDS mini miners | | EDSMM |
| EDS-vote |  | n/a |
| EDS DOLLAR |  | EDSD |
| DAB token |  | DAB |
| DBOND token | | DBOND |
| RUG token |  | RUG |
