SPinvest updates - Steemit communities, SE exchange, possible token split and more

in spinvest •  2 months ago 


Hello everybody and welcome to Saturday's post. Today i will be mostly talking about a few updates and new things that are in the pipeworks. There is a club vote that needs to be done within the next week, steemit communities have been released (then took down), i have canceled the SPI token sell order on SE exchange and a few other things. So grab a coffee and pull up a chair.

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Steem powered investments @spinvest 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 ensuring all investors starting capital is not at risk. Full details can be found here


Steemit Communities

For those that are unaware, steemit has released a beta version of steem communities on the website. www.beta.steemit.com. Steemit communities have been talked about for years and i am very happy to finally see them arrive. The beta website was launched 24-48 hours ago but has been taking offline for some reason over the past 2 hours. I was speaking to a witness friend and he told me everything was ok and they were just doing some work which is good news because i spent an hour this morning setting up the SPinvest community. I could try to explain it but it'll be back up again soon and you can see it for yourself :)

Here's a link to the SPinvest community
Remember at the time of posting it's offline but its might be a few hours are a few days
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Having this set up can replace discord in a lot of ways for us and will help SPinvest's investment club to have more of a community vibe around it. Anyways, all confirmed club members are members of the SPinvest community, all sub-accounts and @spinvest are mods and silverstackeruk is the admin. After it is back up and running, i will write another more detailed post about this and explain a few things with screenshots. Exciting stuff!!


Possible SPI token split?

I have said on and off that in an effort to kill 2 birds with 1 stone, a token split would be something that will come up. The true value of the SPI token is nearing 1.20 quickly but we are still a long way from having issued 75,000 tokens. This means the real value will be more than the sale price which would open the doors to arbitrage trading on the SE exchange.

Idea
The idea would be to bring the SPI token sale price back down to 1 STEEM by splitting the token. Right now each SPI token is issued for 1.20 STEEM meaning from launch tokens are up 20% so we issue 1/5th more tokens. This means if you own 100 SPI tokens worth 1.2 STEEM each before the split, after the split, you will own 120 SPI tokens worth 1 STEEM each. Why? i here you ask, let me explain.

  • Bird 1
    Issuing 1 million tokens is a monster task and with sales slowing way down and the real value about to overtake the sale price its a perfect time to do it if we are going to do it. A split today would add around 12,000 new SPI tokens into circulation and push us just past the 75,000 issued mark and on our way to the to the 100,000 issued target.

  • Bird 2
    Bringing the token sale price back down to 1 STEEM might encourage more users to invest. I honestly think that we will issue more tokens by selling them for 1 STEEM. Current investors that bought in for 1 STEEM can take profits and reset their investment having already locked in 20% profit for 6 months.
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Steem-engine exchange sales

The spinvest account is only doing a few STEEM in token sales a week on the steem-engine exchange. The volume is still about the same at around 500-1000 STEEM per week but instead of that 500-1000 STEEM going into new tokens being issued, it goes to the seller that buys SPI tokens for 1.20 STEEM and then sells them on the exchange for 1.21999 STEEMP. I understand a big sell-off are a one-time thing but it's consistent. For this reason, i have canceled the sell order on the SE exchange and new tokens can only be bought directly from @spinvest. If we are not issuing new tokens, we are not providing a support wall and it'll be interesting to see how the SPI tokens fairs in an open market for a few weeks.
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Beneficiaries are coming 2020

This is currently at the stage of still being thought with no action taken yet. When set up, it will allow anyone to make SPinvest a beneficiary to receive a percentage of their post payouts in SPI tokens. I have given it some thought and think that we could aim for launching this by next month. Ideally, i will create a new account that is used only for receiving beneficiary payments. Having a dedicated account will help with tracking and will result in less missed transactions. It'll not be hard to set up and payouts would be issued weekly. I'll be leaving more updates about this as we get closer to launching it.


SPinvest great Treasure HUNT

The first SPinvest treasure hunt post ended with 47 RESTEEMS which was only 3 away from our target of 50, not too bad, not too bad at all. The second challenge has been released and can found by clicking here, all you have to do this week is tell Caption Mr. SP Invest a belly-busting joke to get this weeks letter.
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Side Note

Our voting admin @conradsupreb is taking some time off to go traveling over the holidays so i will be running @spinvest-votes for the next few weeks. I think he will wrap the vote he started last week for the Steem Monsters investment and then I'll release the next.
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for a few weeks anyways.

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Below are steemconnect hotlinks that allow investor's to buy SPI tokens directly from @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 @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


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InformationURL Link
SteemPower Investments Introduction PostClick HERE
SteemPower Investments Club Partnership AgreementClick HERE
How to become a club memberClick HERE
How to convert SE tokens into SPI tokensClick HERE
Join the SPI club Discord serverClick HERE
Join the SPI curation trailClick HERE
What's best for the SPI Club? Centralized vs DecentralizedClick HERE
SPI tokens 95% buy back guaranteeClick HERE
SPI Club monthly Fiat to SPI token group buyClick HERE

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All questions are welcome, please ask in the comments below

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I like the idea of a split.

Splits are often profitable and more tokens seems better.

It'll help get 1 million issued quicker, a few splits and hey, bobs your uncle

I think you're confusing him with Jose...

  ·  2 months ago (edited)

I think removing token sales from SE could make things worse, not better. No sell wall from spinvest might result in more arbitrage. Nothing stopping the trader from selling at 1.23 or even higher.

My suggestion would be to decrease the gap between the direct sale price and S.E. price. The difference is to cover the fee for withdrawing steemp right? Withdraw via LEOdex instead = smaller fee = smaller gap in price = smaller profit for trader = fairly priced SPI for those wanting to buy from SE or LEOdex.

Token split I'm not really sold on. I get it, but I like the psychological benefit of regular price increases. Encourages s sense of urgency to get tokens before the next rise. Going back to 1 STEEM feels like a backward step. I know in reality it isn't, but it feels like it. Also, wouldn't a split mean you have even more tokens to sell? 20% more, or 1.2mill? Or am I missing something?

Just my 2c worth, interested to see what other investors think.

Cheers,

JK.

Hey man.

I'll relist the tokens on the exchange in a few days at 1.20 STEEM to cut it completely but I'd like to just see what does happen to the price out of interest. There's no harm caused and it'll let us see if it goes up are down.

For the token split, we would be going down to 1 STEEM and then rebuilding, 1.05, 1.10, etc just as now.
It's a million total supply and that would not increase, splitting is a way to get us to a million issued quicker and it helps current investors to retain a higher percentage of the fund.

I was thinking more tokens and more price increases 😂
I really don't mind owning a bigger proportion of the fund 😍

I maintain that wall at 1.21999999 because it is profitable. Instead of paying 1% to enter into steemp, I gain by running it through SPI. As more people realize this, the margins should narrow. I don't think you are doing the program any favors by removing your wall, and if I stop it would only lead to someone else stepping in because its profitable. Even now I am loathe to disclose my trick, but you just made a post about it so I don't want you to feel like the program is threatened.

Why are you worried about the Asset backed value rising above the token price? That in an of itself is an arbitrage opportunity. I personally have been watching the gap narrow (and even asking you questions about token issuance) because I can nearly span the gab and arbitrage my steemp sales even higher by making a big buy.

All this to say - I take your program and actions into consideration when I do what I do. If you want to change things, we can vote, but I will change up everything I do in response (and so will everyone else naturally). Profits will be sought.

I have been getting .25 tokens from steemleo. Those tokens were specifically to play on the market with.

It's a market. Let's play with it.

As long as the token has a "true value" and a true place where you can buy it for 1.2 (or whatever the price would be), and sell back to Mr. Spinvest (at whatever quoted price he has) then the market is just a market.

I should be able to choose to buy and see at after market prices if I wish.

I hadn't thought about doing that, how clever!

SPI to the moon!
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Heh. What looks like a massive move is because somebody accidentally bought 0.01 SPI for 0.24 STEEMP. 😅

I saw that this morning too! I was like, what? Then I was like, LOL.

Typical movement in tokens wanting exposure for free or manipulating price. This and the proposed split look to be in the same direction.

I 've handed in my notice to work!!!

Hehe 😂

All good stuff coming along. This is why I was so high on this from the start. Utilizing the resources of different individuals involved plus the power of the hivemind that well, collectively, have, lots of wonderful ideas coming forward.

The split is an interesting idea. I am not sure if it will make a huge difference but it is worth a try.

The beneficiary is also a great idea.

SPInvest, over time, is going to be a very powerful clubs and I think all involved will be happy.

It's all going to plan. The split is something i think could work during the ICO stage, it not much now but if repeated every 6-12 months could be the quickest and best way to get 1 million issued, The whole process would still take years to complete but would provide light at the end of the tunnel.

Beneficiaries are gonna be fun and it'll be interesting to see how we do it. Maybe limiting it to confirmed members on a trial basis to test the waters and get a good set up in place before opening it up to everyone.

I expect things to be slow this month with people being busy with real-life stuff and the holidays so we'll start next month strong and come out firing, lol

Thanks for checking out the post man

Effectively, a 6-for-5 split. But would it affect all tokens, as a stock split would, increasing the float to 1.2 million? Or would the split affect all holders except @spinvest meaning that @spinvest’s holdings would drop while everyone else’s would increase by 20%?

We should also consider the effect on outstanding bids and asks on the Steem-Engine exchange. Would a split effectively screw over anyone having outstanding bids by letting sellers basically take advantage of them?

Okay, catching up 😎 just watched today's video and came back to read this post.
I like the token splitting idea, I like having 20% more tokens that will grow in their turn, but I wonder if splitting the token is the correct term to use (although I guess it's splitting the price)? As I understand it, @spinvest won't be creating more tokens, just distributing a proportion from the @spinvest account to all the current investors?
I like the back to 1 steem price as well, it feels like we are saying to new investors: you have a chance to get into this too. At the same time, I feel it is a fine reward for current investors, especially the early birds, and a really good incentive for investing. I would rather see this as an incentive than free giveaways to tempt new investors.
I've read the other comments about arbitage and potential implications of splitting - I guess @spinvest just has to make sure all those bases have been covered.