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 are pretty standard at just over 400 HIVE. Our HIVE POWER is currently our biggest earner as we earn inflation and delegate most of it out to bro-fi and the rest to leo.voter. Total eanring this week from HIVE POWER is 230 HIVE. JK's account is the next biggest earner as he cashed out over 70 HIVE this week, followed by content for 3rd biggest earner.
Going forward, i would hope that LISTNERDS will become one of our biggest earners but we have around 6 more weeks before the first of the weekly unstakes become liquid and we're able to sell them off to pay for the monthly fee and the rest into earnings. Im currently earning 7000-10,000 and unstaking 4000 listnerds per week so let's pray the token price remains stable at around 5 cents.
Our liquid HIVE balance is stable at between 2000 and 2500, its nice to have some liquid for if some sort of investment pops up out of the blue. We're holding 650 on hive-engine as well so we're covered. We collected 141 HBD from this month's interest payment which was cool. That's 1700 HBD per year for nothing and gets us to over 10,000 HBD by this time next year.
Been selling off UTOPIS the past few weeks and I think I can sell the rest this week as it seems to be pumping a little. I still believe the project will be flatlining within the next 12 months so it's better to get out now while HIVE is over 50 cents. I have not been buying back much SPI recently but will resume when the balance is under 2000, these are currently bing used to reward SPI team members that produce content and run accounts. With us spending around 70-80 per week, there's over 6 months supply sitting there. These SPI are bought and paid for so they are already priced in.
Our non-HIVE holdings are doing well this week even with HIVE being up around 15%. Got some bad news on SKIPPY and i'll just say that i'll give it a few weeks to confirm it's dead before adding it to the "busto" list along with Celsius. We only invested $395 and that was during the peak so not that bad a hit, just more annoyed I've had to track it for almost a year for nothing. lol.
The DEFI holdings have had a swap up this week with JK juggling fund money around different farms on CUBfinance and polyCUB. JK is all about growth and increasing what he can send back to spinvest so he is using some of the SPS earning he gets from staking SPS and coupling it with pCUB, before he was just reinvesting harvested CUB's but now he's bring funds from HIVE so his farms will growth faster. He also started the CUB/HBD and v1 CUB/BNB LP's this week.
I changed.......nothing with my defi holdings and all mine being on EMP. We harvested over $300 this week as EMP regained peg and things are starting to pick up. The current price of ETH is helping as well 😁. We actually have 3 EMP nodes as well that earn EMP daily but these are not accounted for above because I consider this money spent. The EMP earned from the boardroom and nodes is reinvested into buying new nodes. The ESHARE earned from farming is converted to BUSD. Reinvest EMP, sell ESHARE.
The HIVE value of SPI tokens have declined a little this week with HIVE being up 15% and outpacing our nonHIVE holdings. The dollar value of SPI token or up 26 cents each so we take the bad with the good. Im just happy to see the liquidation value of SPI at over $150k again to be honest. In terms of dollars, we're only minus $2k from year start. We want the HIVE value to increase but not because HIVE is worth less.
I've just seen i need to update below to include JK's new farms. The total amount of holding are correct but we dont hold #31, 33 or 37 anymore and they are replaced with new LP tokens. Was lucky he created the same number of new farms as ones he exited, less work for me as i just change names on the excel sheet, no adding are removing.
It's been a decent week for us overall. I am still working away at listnerds each day building that up. JK is mixing things up, shitsignals converted some HBD into BUSD while the price was mooning and it think he's buying some dcrop packs with it, not bad on discount 😉 THE HIVE value of our gaming account has grown massively over the past 2-3 weeks as shitsigals got us into a lot of new projects early on. I have no idea what the timeframe is on him starting to feed income to spinvest but i know when he starts, our weekly earning and dividend will get a nice boast. He's had about 3000 HIVE of investment and has grown it to over 12,000 and paid back the 3000 HIVE seed investment so anything he cashe out from here out is pure profit. I know it says 10,500 HIVE above but he has some nonHIVE holdings that make up the rest.
Overall, it has been a good week. Nicely too much happening, the market is going up but im not sure if this will last long. It might last a few months but I still feel this is all happening within a bigger bear market. Whatever is happening, we're still holding with we have and building BUSD from nonHIVE holding waiting for the market to flatline in 6-12 months from now. This is a pure guess based on past markets cycles, this one feels different as the overall market is bigger so im trying to be cautious and staking BUSD and having some fiat is never a bad idea for fund. New investment pop up all the time and having liquid funds can turn out to be very profitable. Think of all the things you missed because your funds were tied up in other investments.
Let's hope this current mini bullrun are what the fook is it continues and pumps our bags. Dividends will be shipped out this evening folks, have a great week everyone.
Thank you for taking the time to read 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.