SEED Holdings Report #23 - Codename: “Equilibrium” Type: “Structure”

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''is that time of the week again?
Yeah, it seems is that time of the week again.''

Jesus, time flies. Have the feeling to be monitoring dozens of things at once and I'm not even noticing how fast the days come and go. As it's usual, let's try to make a recap for you, fellow readers & SEED holders. This week I'll be talking about the following:

  • Equilibrium point reached. +30000 HBD in Savings + HBD/SEED Pool paying a 'constant' +12% APR
  • DAO Analysis, Both Fundamental & Technical
  • Brief analysis of SEED Supply.
  • Comment on my recently deployed witness (@empo.witness).

First is the typical colored chart and a few comments on that:

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  • We reached for the second time the psychological milestone of 30K HBD in Savings. Moreover, @seed-treasury owns +5K HBD (plus the counterpart in SEED) allocated into the Diesel Pool from Hive-Engine.

  • In addition, the pool is paying +12% APR for pooling SEED+HBD. Rewards are paid in HBD and are non-inflationary for SEED.
    The Pool rewards long-term holders by applying a 1% bonus daily for 50 days. That means that If you pool SEED+HBD today and wait for 50 days, on day 51 you'll be receiving a +50% bonus Vs someone who just entered the pool.

  • We hold 2100 BUSD for new token presales, which have been a bit slow lately to come in lately (more on this later).

  • 'Locked Value' Portfolio is being obliterated Since most projects there still have an unhealthy token distribution. I'm selling the new batches of tokens as soon as I'm allowed to. We're unlocking 6000$ worth of tokens in the next ~10 days from the NUM presale which is by far our biggest jackpot.

  • 'Locked' Positions of less than 1500$ worth of tokens are being aggregated into the 'others' category to keep sections clean. Currently 13 projects & their respective shitcoins.

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Let's make a brief $DAO analysis, Both Fundamental and Technical.

In the last weeks (10 weeks to be more precise) our main token in the portfolio, DAO, has been falling off a cliff. From the highs of 6 dollars in early December, down to 2$ at the time of writing. Since I'm just merely watching from the sidelines (as It's one of my favorite long-term holds and I don't want to lose pending vested tokens) I've been observing carefully what happened (apart from market conditions that affect every other token) and won't hide that I'm loving so much what I'm seeing with DAO Maker. More on that.

DAO (the token, not the company) is merely 1 year old. Had its token sale where Private & Public buyers had the opportunity to buy up the 25% of the token supply at 0,1$ the piece (x20 at current prices; x60 at ATH). The remaining was distributed as follows and has long time vesting periods:

  • Public & private Investors (25%)
  • Team & advisory (25%)
  • DAO & Foundation (17%)
  • Mergers, Customer Incentives & Ecosystem Growth (33%)

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In the past year, DAO Maker had a few problems with hacks and they faced a profound restructuration from the roots to keep being competitive. One thing that they did and I liked a lot was assuming their part of the guilt.

They fired responsible people from their security departments and a few advisors. Therefore burned their proportional part of the pie.

From the max possible theoretical supply of 312.000 DAO tokens, DAO Maker burned ~34 million tokens from team members and advisors (this represents ~10% of the total supply). Loved the fact that as a company they're not allowing time for child's play.

Private buyers always going to dump

This is an unavoidable truth. And especially after insane multiples like x10 or more in no time. The good news is that regarding DAO, these tokens are fully unlocked. And I'm suspecting that this fact alone is very responsible for the hard dump of DAO from the highs.

From now on its clear skies since the remaining supply will be gradually unlocked in 4 years representing a diminishing 1,5%/monthly increase in the supply which is perfectly manageable by the crypto market volatility. Also, note that except for the part of the 'team' the rest is used to favor 'everyone' (what I mean is that no one single entity is receiving a big bunch of tokens at once).

Ps. What do you think about these charts?! Pure Madness from an investor standpoint to get this kind of data.

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Not only that, big amounts of DAO tokens are being burnt by the Venture Yield Program and another big chunk is being staked daily for long periods of time. Currently, ~50% of the circulating supply is staked for 550 days on average.

The unlocked funds from the above categories seem that be being used to expand DAO's reach. This last month alone DAO has been listed on Bithumb & Coinbase Custody (and you what this means next...)

On the technical side, all my alarms are screaming 'BULLISH!'. Sitting at Long-term support, plus MACD crossover + RSI oversold + Confluence.

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Side notes on the DAO model and our current SEED supply distribution.

I always admired the way in which DAO Maker is transferring value from their incubated projects to its main token. I try to do the same for my own venture; SEED and I won't stop researching/learning new ways of doing this (which is work done on an ongoing basis).

We're still very pegged to DAO in that sense (since the lion's share of SEED is allocated into DAO), but this will change over time as we consolidate other revenue sources (atm the second-best is HBD Savings).

I'm very excited to see how the project evolves in that sense and how SEED will potentially evolve into a transparent money-making machine for its holders (remember, we're a profit venture). It's still very early to begin our transition to a more decentralized structure (if that ever happens, which is still to be seen). But I find it interesting to check how we're currently distributed.

Currently, our whole supply stands as follows:

seedsupplyoverview.png

The current HBD in savings could satisfy almost 50% of the Public holdings (assuming everyone selling NOW at 1,9$ SEED). There is still a long way to go but we are doing well. If our DAO holdings pump hard we'll need to keep selling for stables (which isn't a bad problem to have IMHO).

I'm now a Witness!

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Most of you already noticed, but I recently deployed a witness node on the mainchain & Hive-Engine.

My intention at the moment (if possible) it's to generate enough to cover the hosting expenses (currently 85$/month for both witnesses). But I don't want to sell any HIVE coming as block producer rewards.

Instead, I'm transferring & powering up to an alt account (@powercompound) for the time being. The long-term plan is to use this account as a curation trail & to support SEED, but I wonder if it ever will get enough size to matter.

Anyway! Big things started being small. Your vote would be very appreciated for the time being:

Witness account: @empo.witness

Hive (main chain) witness vote - https://vote.hive.uno/@empo.witness
Hive Engine vote - https://tribaldex.com/witnesses

Current SEED Stats:

Circulating Supply: 100.000 tokens (full released)
@seed-treasury owned: 2475 (2,47%).

AUM Value (All assets): 190.000$

SEED TOTAL Value: 190000/100000 = 1,9$ /SEED

190/7 = 27,1% MoM profit

We keep on building. Happy Sunday!

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100% of blogging rewards paid to @seed-treasury.

Remember you can follow the portfolio in real-time here:

https://cointracking.info/portfolio/seedtreasury

You can join us on Telegram and follow me on Twitter.

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38 comments
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Not bad at all, imo!
I'm sure when the current bear is over, DAO will show its power (and its shitcoins will pump too)! :)

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I tend to think that our current 'vulnerability' (If we can call our situation as that) will drastically improve as some months pass and more funds of the 'locked value' section flow to the liquid one (40K$ at time of writing).

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This is a great explanation of what is taking place with DAO. I appreciate your research and understanding of things that will allow us all to benefit. That is the great thing about cryptocurrency, we can get into funds that are exclusive in the traditional financial realm.

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Although I appreciate a lot this response from you (& the overall community), I don't believe we're talking about ''funds exclusive to the traditional finance realm''.

My overall return as a crypto trader is pretty decent, but this is because I'm (somewhat) able to filter and notice good opportunities early. I believe I'm also pretty good at balancing 'opportunity risks' (If you have your funds locked somewhere, you can't do another thing with that same funds at that concrete time).

All the best bud :)

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Thanks for the overview of what is happening with DAO. So the plan with the pre-sale hasn't changed and you have mentioned quite a few good catalysts for it's price.

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Oh yes, although a bit slow lately, they keep coming in :)

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It's interesting to read what's going on every time you are posting a report. Your work is highly appreciated.

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This:

This is a great explanation of what is taking place with DAO. I appreciate your research and understanding of things that will allow us all to benefit. That is the great thing about cryptocurrency, we can get into funds that are exclusive in the traditional financial realm.

And this:

Thanks for the overview of what is happening with DAO.

I appreciate your efforts. I can’t invest in all the investments.

Most of you already noticed, but I recently deployed a witness node on the mainchain & Hive-Engine.

You have my vote.

Good luck snd thank you.

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Thank you so much shortsegments for the long-time support.

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No worries as I know you are a smart cookie and will make the e right calls. Everything has taken a hit right now and sticking in DAO is the right call as it gives you so much more than the investment. This opens up the ICO's which only a select few get so that is the key and nothing has changed.

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50K DAO is the magic number, after that it's a game of resilience 🙃

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Yes and was looking at the price of DAO today. Definitely worth looking at now as having DAO is the key to unlock these launches.

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6468DAC90920480285D35B0D721BC3ED.jpeg

This is really a good meme for running a project. It’s a labor of love, but like the dishes or laundry it is surprising how often you have to do them, and how fast it’s laundry time or dish washing time again.

😂

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Picked up some seed the other day. Most likely will pick up some more as everything continues to build and grow. Good breakdown of what's going on.

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Naice!
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Remember that there's always much better to buy through our pool at beeswap/tribaldex (hbd/SEED) rather than on the normal orderbooks!

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:) How u doin? looking good there.. 12% apy is awesome! I agree with you on the charts. I would probably hold off until I saw the MACD cross up, but I tend to be overly cautious like that. :P

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:)

Crazy to see avg 500 days lock-ups in DAO, special in the fast crypto world.

Why not top 20 witness now? OMG can Empo please do something?

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After a couple weeks of chasing people in the most respectfully way possible, I can say that I at least flipped jerry. Hey! that's something. He once was a reference (in terms of account value) when I first joined. But that paid bots... oh jesus. 'Bad' old days.

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i Remember the shower and all the other bullshit :D

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Thanks for reminding again, I finally voted the witness today.

I won't stop researching/learning new ways of doing this (which is work done on an ongoing basis).

That make me hold tight my seed more.

When $10?

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I have to deliver... 10$ soon, 5$ soonish.

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The Pool rewards long-term holders by applying a 1% bonus daily for 50 days. That means that If you pool SEED+HBD today and wait for 50 days, on day 51 you'll be receiving a +50% bonus Vs someone who just entered the pool

I thought I unpooled it when I needed some HBD but I'm happy to see I did not and I have a 41% bonus !! !PIZZA

Witnesses voted ✔

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Thanks for the update.

Regarding the witness, let it produce blocks, remind people that you exist and let it compound.

I run a witness, on the former chain, with hardware servers in our locations. It did quite well, and we did not sell a SteemHive. We decided to take it out, due to other reasons, not because it was not profitable.

Will probably buy some DAO also, as your analysis is good, but need to read a little more.

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Underrated comment! thank you!

My intention is the same, but the server costs are forefront and let the HIVE grow up over time. My first experience doing something like that and for now it's being very gratificant.

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