SPinvest's dividends or changing from HIVE to SPI - All token holders please read

in #leofiniance15 days ago

Hello and welcome to this SPinvest post
SPinvest is a tokenized investment fund/club for all users of social blockchains. Everyone is welcome! The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. This lets SPinvest offer an ROI of 20% per year on SPI tokens. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from @spinvest are through the hive-engine

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IMPORTANT ANNOUNCEMENT

(Please also see the 2nd announcement at the bottom of the post)
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SPinvest's weekly dividend payments are changing this Sunday from HIVE to SPI tokens

This will be awesome news for some and maybe bad news for others as not everyone can be pleased. Sorry for the bombshell, i've been planning this for weeks but never got round to posting about it. Some might remember a post we voted on to decide this. Here is a link. The results were not a landslide but they fell 5 for HIVE, 13 for SPI tokens and 3 happy with both.

Here's the run down

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  • SPinvest currently holds around 8700 SPI tokens
  • We pay SPI dividends until the balance is 0 which should take 9-12 months
  • Payments are worked out the same way as always, 50% of HIVE earnings
  • SPI token price used for conversion will be the 5-day avg price
  • Payments will remain Sunday's at 10 PM UTC

Step by step example

Using the figures from last weeks earning report, I will show how the process will work for token holders.

Last week SPinvest earned 862 HIVE, half of that is used to pay dividends. So last Sundays dividend pool was 431 HIVE. This worked out to be for every 100 SPI tokens you held, you would receive roughly 0.39 HIVE.

In the same report, the 5 day avg price for SPI token was 2.26 HIVE.

To work out how many SPI tokens you will receive, we divide 431 HIVE by 2.26 to get 186 SPI tokens. This would work out to be roughly for every 100 SPI tokens to hold, you would receive 0.17 SPI which is worth 0.39.

Pretty simple conversion is all it is
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What happens when SPinvest runs out of SPI tokens?

Who knows? That is months away but I have a few ideas. A few silly ideas, a few boring ideas but all focused on SPinvest growth and widening the audience and token distribution. After SPI tokens run out, we don't have to return to using HIVE for paying dividends. What about something else? something better? what about another backed investment token that is only obtainable from SPI token dividends?

As I said, it's a long time off but the thought has rolled through my mind, what's next? Here's a few idea's to give you a ballpark of what im thinking at the minute.
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  • Payout dividends in EDS which earn a HIVE dividend themselves
  • Payout dividends in new backed token distributed exclusively from SPI dividends
  • Create a backed stable token and use that (depending on if HMT's happen before then)
  • What about a backed token that receives backed another token? Do it inception style and create layers on layers.
  • GO back to HIVE, simple, boring and same as everyone else.

Im sure lots will happen between now and then so no idea really. Just guessing.


Other important news

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The SPinvest new partnership agreement has been wrote and is currently being reviewed by @shanibeer. Below is a list of main changes happening. The club aspect of SPInvest has been a failure and I think it's best we open up the governance of SPinvest to all token holders so that anyone with 10 is more SPI tokens can have a vote.

  • Make all SPI holders with at least 10 tokens a club member
  • Have a team dedicated toward SPinvest's growth
  • Remove the old token holder dividend tier of 70%
  • Club member tier will receive 80% which is a 10% increase
  • Team member tier will receive 20% which is a 10% increase
  • Governance voting weights to be edited in favour of smaller token holders

You know what, here's a post I wrote all about it click here if you'd like more detail and see the feedback from club members

As it stands, here's what SPinvest looks like. I will write another post about this in greater detail but here's who is doing what. If your name is below, you will be added to the team member dividend pool for this weeks payout to receive a little extra or your contributions to SPinvest. Currently, 4 content producers and auditor have been working hard for a few months unrewarded so it's about time they were. It's not that much, more of a gesture than anything.

Head Slave - @silverstackeruk
Leo tribe Operations Director - @jk6276
Neo tribe Operations Director - @underground
Gaming Executive - @shitsignals
Content Chief's, @metzli, @taskmaster4450, @no-advice
Contract Auditor (Boo!!) - @shanibeer

The group of names above are people that play an active role for SPinvest and contribute directly to its growth, earnings and future success. It would be awesome to add more names to this list as each new name pretty means more income and higher dividends and faster growth but not everyone has 30 minutes a week to write a quick post, are 90 seconds a day to collect rewards from HIVE games, people are busy and that's cool.
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So, to wrap up the new Partnership Agreement will be posted every soon, sorry for the delay but sometimes things end up on the back burner. This agreement will last for at least 1 year before any changes will be required again.


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SPinvest's content is contributed by @silverstackeruk, @underground, @no-advice, @metzli & @taskmaster4450

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This would work out to be roughly for every 100 SPI tokens to hold, you would receive 0.17 SPI which is worth 0.39.

Would you need to have at least 100 SPI token to get any Dividend?

No, all token holders receive a dividend same like now.

The est dividend is always shown as 100 as an example

Thank you for this post! Another idea: what about setting up a market-maker for Spinvest and actively buy back Tokens for HIVE that can be distributed as dividends? This would have positive influence on the price and all holders are profiting twice - theoretically 😉

Keep it up!

This is great news. I believe some will sell their shares, which means there will be more to buy soon.