SteemLeo has released a DEX - Let's get SPI tokens listed

Good day everyone, I have just found out the most amazing news. I can not believe that I was unaware of this for the past week. Yesterday I wrote a quick post asking everyone if it would be a good idea to maybe run a 1-week promo were we sell SPI tokens for Leo tokens. The feedback I received was good but someone left a comment asking me why I don't just the new SteemLeo DEX? My jaw hit the ground as this is perfect for what we need. I mean SteemLeo is just always on the ball, they launched maybe 2 weeks before SteemPower Investments was launched and it's been the perfect frontend so far. SPI currently leases over 25,000 SP to steemleo which is a decent chunk of our earnings and just when we start thinking about selling SPI tokens for Leo tokens, they release their exchange. The timing is perfect and it's great to grow SPI alongside the Leo tribe.

What's the story

You can click here to see the post by Hive account@steem.leo. In a nutshell, SteemLeo has launched a Leo exchange that works in the same way steem-engine does except trades are done using Leo tokens instead of STEEMP. They have added a link from the Steemleo website which integrates it in. It works both ways and anyone selling SPI tokens will have the option to sell them for STEEM are LEO tokens. How perfect is that?

Now, this is 100% percent something that we want to be part of as it's just too good to pass. Who would have thought 4 months ago that SPI tokens could be trading on 2 exchanges? This will be a great exposure for SPI and will help us secure our spot. It says in the steem.Leo post that in an effort to stop shit coins, the price to get a token listed costs a little more than steem-engine. I have visited the exchange, logged in but was not able to find how to add a token. It said in the post that we need to send LEO tokens to null to get a token listed but not seeing any options on the DEX website itself makes me hold off. I have DM'd the founder but i know he's his bedtime now and hope he replies soon.

Paying to get listed

The cost to add a token is 2000 LEO tokens which might sound a little high but I'm dollar terms, it not at all. At the time of writing 2000 LEO tokens cost 415 STEEM are $55ish. Now, i have been thinking for 5 minutes about how we pay for this. We have a few options and ways we could pay for this. Let's have a quick look

Pay from Hive account@spinvest-leo
This would take some time as a full power down would be required. Spinvest-Leo holds just over 2000 Leo tokens. I don't really like this option

Pay from STEEM saving wallet
We have around 960 STEEM in the saving wallet and by this time tomorrow, we will have over 1000 STEEM and be able to do our off-platform investment into silver bullion. We could use this STEEM and build up again, this would put the silver investment off for maybe 2 weeks max. This option is ok, its better than powering down spinvest-Leo but i think we can do better still

Pay with our Post Payouts
From around 3 months ago all earnings from the daily posts have been getting paid in SP only. The plan at the start was to send post payouts to the savings wallet for off-platform investments. Instead, they have been building in the SP balance. I have been aware of this for a while because of the way i track everything, i never said because it's not that important. But it has built up into a nice chunk, let me show you how we work out. It's pretty simple, using figures from the last "holdings" post we take away the total amount of STEEM raised from tokens sales from the accounts SP balance.

The red number is the total amount of STEEM raised from selling SPI tokens.

We can access this without having to power down. First off, we have 100 STEEMP on the steem-engine exchange which can be transferred to the Leo exchange meaning we need 300 more. We can use the STEEM from the next 260ish SPI token sales to fund the other 300 STEEM required.

What you think?

This is a great opportunity for us and our club and should only produce good results. 400 STEEM is about 1 week's worth a earnings but on the mission to keep expanding, it's a small price long term. With the cost being higher, fewer shitcoins will be offered on Steemleo's DEX compared to steem-engines. This will give much more exposure to SPI token.

Below are steemconnect hotlinks that allow investors to buy SPI tokens directly from Hive account@spinvest. Each token is currently priced at 1.20 STEEM and beside each link is the true STEEM cost to reduce confusion. You can also send any amount directly to Hive account@spinvest and i will issue you SPI tokens to 2 decimal places for the value of STEEM to send. All tokens bought directly will be sent to investors SE wallets within 24 hours but most likely much sooner.
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5 SPI tokens - 6 STEEM
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10 SPI tokens - 12 STEEM
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25 SPI tokens - 30 STEEM
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50 SPI tokens - 60 STEEM
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100 SPI tokens - 120 STEEM
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250 SPI tokens - 300 STEEM
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500 SPI tokens - 600 STEEM
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1000 SPI tokens - 1200 STEEM
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2500 SPI tokens - 3000 STEEM

All questions are welcome, please ask in the comments below