Good day everyone, i have good news/bad news. Today i will be mostly talking about the SPI token distribution rewards for hitting targets on issuing certain amounts of tokens. We smashed through 10,000 in just under 1 month and we could hit the 25,000 tokens issued target sooner than i had guessed if things keep going the way they have been. SPI is starting to pick up some pace and the price of STEEM is only 17 cents so a few people have been making smart investments not only into STEEM but into SPI. Im gonna try and keep this one short and to the point, so let's get into the post
Steem powered investments
has been set up to offer an investment fund based on funding from STEEM POWER. Investments are funded through extracting value out of STEEM POWER and taking advantage of STEEM's high inflation rate. The aim is not to get rich quick; the aim is to build a safe portfolio of investments that will stand the test of time while insuring all investors starting capital is not at risk. Full details can be found here
Whats the news?
The news is SPI tokens have been flying out, token sales in the past week have been over 3000 which makes my head spin when i think about it. When i first thought about token distribution, i had no pie in the sky visions. I know im trying to push 1 million tokens which is a big number in STEEM, 0.29% of all STEEM out there to be exact but i thought most tokens would have ended up either airdropped, paid in dividends to investors are something like that. I honestly thought that it would have taken 6 months to issue 10,000 and a year to issue 25,000 and there would have been money already earned to pay for these rewards. Problem is the idea has been accepted by more people than i thought and i expected lots of small sales but it's not been like that at all. People seem to really like the idea and they are investing decent amounts. When i see someone buying 3 are 4 digits amounts of SPI tokens, im happy for 2 reasons. 1, More STEEM POWER to earn money from and 2/ I feel validated that people dont think im trying to pull a scam somehow. I guess they see the value in the token and like what im doing. SPI currently has 4 investors holding more than 1000 tokens and 18 holding over 100 tokens. It's not a bad problem to have and selling tokens faster than we can build up enough reserves to pay out a reward is 100% a good thing for the future and SPI in general. However the rewards will need to be adjusted as paying out a juicy dividend in 4-8 weeks time could cripple the true value of each token. When i hosted the 200 SPI giveaway on issuing 10,000,
To sum to up really
Good News
SPI tokens are selling much faster i thought so we'll growing fast
Bad News
Gotta cut token issue target rewards
Its up to you what we do
I have been thinking about this the past few days and to be honest i cant really think what is best to do. I would like to issue some sort of reward but a 2-5% dividend might be to much before SPI has built up any decent holdings.
I am going to host the 1st investor's vote were token holders get to decide on our fate. Rules are pretty simple. There are 3 selections to pick one, each one is a comment below. You can cast your vote by upvoting and leaving a reply to your selection, any upvote % and comment will do. Dont be shy with the upvote either, trying to make some money here, lol.
- You must own at least 25 SPI tokens to vote
- You must upvote any amount and reply to your selection below
- Votes will be counted when this post pays out
- Vote's are weighted depending on SPI tokens owned (see below)
- New SPI token distribution structure will be released within 48 hours of results
The voting system is weighted
This might seem a little harsh but i think that someone who has more win are lose should have a bigger say in how things are ran. Weighted community voting is fairly common in crypto.
25-99 SPI's will earn a vote equal to 1
100-499 SPI's will earn a vote equal to 2
500-999 SPI will earn a vote equal to 3
1000-2499 SPI's will earn a vote equal to 4
2500+ SPI's will earn a vote equal to 5
Have your say in the next reward and get your vote in, feel free to drop your 2 cents on the subject as well, all feedback is always welcome.
How to buy SPI tokens
Below are the new steemconnect hotlinks that allow investor's to buy directly from
Convert other steem-engine tokens to SPI tokens
Most of us by now earn a few different tokens through other steem front ends are have been airdropped tokens during launch ect. I have wrote a step by step post that shows anyone how to convert other steem-engine tokens into SPI tokens. You can learn how by clicking here
Get in contact
Discord Invite - Click Here -
I go by silverstackeruk#3236 if you would like to DM me
And the cherry on the cake
What do you have to lose? What token has a operator with so much faith they offer a 92% buy back
Resteeming is a wonderful way to spread the word and get as many eyes as possible on this. Let's get a buzz going
