Q4 Analysis of the INCOME Synergy Fund Performance + Divvies increase
We have had quite a year here at the INCOME Synergy Fund. I think we are managing the transition quite nicely, and everything is going quite according to plan, as I will try to lay out for you all in today's post.
Thank you to all of the INCOME token holders, who have come along to be entertained by what we are building. Please let me know in what way you are entertained by holding INCOME tokens in the comments below to earn an upvote!
Q3 2022 Update
INCOME token stronger than ever - NEW ABV calculations
Update to Linear Divvies
Fund Portfolio Update March 10, 2022
PsyberX Fund position Update
Fund automation projects and New Roadmap
Fund Portfolio Update October 6, 2021
Fund Reorg, final swaps from STEEM
Updated Divvies! So Entertaining!
We have updated once again our daily post - check out the new format: Here. We have deprecated the faucet. If anyone has any ideas on how to filter a comment based faucet to work with RC delegations, I am all ears. I think this will be a project for 2023 for the INCOME Synergy Fund. A new roadmap is forming!
So we were able to take that 1 HIVE per day and dedicate it to the Divvies! Now we are at 6 HIVE in divvies per day, lets see how that is doing for our members:
We must always remember that APR and Price are inversely related. If the price of the token goes up in HIVE terms, that drives down the 'APR' on HIVE divvies. Let's take @spinvest as an example. @silverstackeruk wisely bought some INCOME tokens from me at 5.5 when I was pitching in the Dragon's Den. With the updated divvies, they are receiving 0.359 HIVE per day.
0.359 * 365 = 131,035 / 1100 = 11.91 % APR
But of course the market price to buy some INCOME token has risen to 6.7 HIVE. At this price the 200 of @spinvest is worth 1340 HIVE, so the calculation would be:
0.359 * 365 = 131,035 / 1340 = 9.77 % APR
So here you can see the inverse relationship between price and APR. Right now we are about to gap up on the market to 6.9 HIVE, I will let the market decide and work to stabilize the divvies slightly higher, I think we can go to 7 HIVE per day divvies sometime soon but I am not in a rush, let's see how it all plays out.
The fund continues to power up HIVE as well as manage its diverse Hive-Engine portfolio. We are happy to consolidate in HIVE during this period so we can speculate a bit harder when HIVE is very expensive.
Our HIVE hardened backbone of HP + liquid HIVE + SBI units nears ever closer to 60k, or 6 HIVE per token - This is our next goal to break, as we stand at about 58.13k right now.
I currently have 66.12% ownership of the total 10,000 tokens. I am comfortable at this level and have thus listed the next tranche of 1000 tokens at 8.5 HIVE on the market, slightly above the ABV price.
This means what happens on the market is now up to you - the holders of the INCOME tokens. I will of course do my part to play in the market liquidity space, and I hope in this upcoming phase of the project we can look to increase the standing amount of liquidity in the market on the buy side.
We are also preparing for a future HIVE pump, possibly in 2023, and you can be sure we will be well positioned to continue to ride the ups and downs of these cyclical waves.
I think this is a really cool development we have come up with. We are searching through the posts by INCOME token holders, top down - so there is an advantage to having more tokens. The first seven holders that have a post within the last 24 hours get featured - in a random order.
The author of the post that is randomly selected to come out on top wins an HSBI unit! This is an extra special bonus that will increase the benefit of being in the program - plus the account gets a unit as well so we continue to grow our stack.
Since the posts are less than 24 hours old, you can reliably use @ecoinstats Synergy Fund posts to find posts to vote on (as long as you act quickly!).
Do you have any questions? Let me know!