XV Tokens, What Exactly Are They?
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Note: This is my attempt to dissect XV tokens based on my own understanding so DYOR.😉
What are XV Tokens?
You may have read that literally as it sounds in the alphabet, XV (I did that the first time, lol) but it's actually read as 15, X being 10 and V as 5. Simply put, XV is "Top 15."
XV is an investment token issued by the SPInvest team which 'represents' a basket of 15 cryptocurrencies. They are a token of ownership where you (investors) buy, HODL for 2 years and sell them back to SPInvest.
The token sale started on the 1st of March and runs until 10th of May 2023 for the price of 1 HIVE per XV token. Any unsold XV at the end of the sale period will be burnt. Here are other facts about the token:
- Mintage: 1 Billion
- Price: 1 HIVE per XV token
- Buy XV, hold it for 2 years with no dividends or whatsoever then on June 2025, you cash out.
How is that?
SPInvest team will convert the HIVE proceeds from the sale of XV tokens and invest them into 15 cryptocurrencies handpicked by Silverstackeruk from the top 50 ranked on Coingecko (except Tron and Stablecoins), manage them for the next two years, rebalancing will be done every 3-6 months. We, the XV token holders will just let our XV sit in our Hive Engine wallets and wait until June 2025 to cash out (SPI will buy back our XV holdings, the price of which will be determined by the sale of the crypto investments less 5% which will go to SPI Fund).
The process goes like this:
And here are the allocation of the cryptos in the XV investment basket:
- Top 1-3 - (BTC ETH ADA) - 40%
- Top 4-6 - (XRP BNB DOGE) - 25%
- Top 7-10 - (MATIC SOL SHIB LTC) - 25%
- Top 11-15 - (DOT FTM AVAX STX LINK) - 10%
Is there a 100% guarantee of our XV tokens being worth more than 1 HIVE each after 2 years?
None. The buy back price will be based on how the investment basket will perform at the end of 2 years. There are risks associated with it and opportunity costs. So our initial HIVE investment will either multiply or not at all.
Do note however, that the SPInvest team has 4 years of excellent record here on Hive and they run 4 successful projects, re: LBI, CL, SPI, EDS (EDSM, EDSMM). XV is their 5th investment project. So I believe they will act accordingly when the market behaves otherwise.
Check more details and answers to some other FAQs on this post by SPInvest. Better yet, join the SPInvest in Discord.
Personal Conclusion
Me being clumsy when it comes to investing, I reckon XV is going to be a perfect chance for me to co-own top 15 cryptos without the need of personally having to manage them so I'm banking on the experience and record of the SPInvest team. I also like the fact that XV has a set (expected) cash out date (June 2025) so I will be allocating HIVE for this token, buy and forget them for the next two years and hopefully will have a big smile on my face comes June 2025.
XV in my opinion, is good for those who have patience and can HODL long term without getting stressed out.
Opinions expressed on this publication are based on my own understanding so do your own due diligence.
Images courtesy of SPInvest. No copyright infringement intended. 23032023/11:04ph
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Thank you lots!
There's no dividend on it madam? like you bought 100 XV then after 2 years, you can get the same amount but on different currency? it looks like a bank with no interest rate.
Yes, no dividends. But let's say the basket yields x 10 in earnings, then the buy back price of XV token will be higher. At least that's how I understand it.
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Ohhh so it depends on how many people invest on it? but what will happen if market go down, do store XV will also get affected?
Yes. It's dependent on the prices of the 15 tokens in the basket (BTC etc). So let's say after May 10th, 2023 the total XV tokens sold amount to 50k HIVE. SPInvest will convert those HIVE and buy 15 different cryptos (BTC, ADA, ETH etc).
Then on 2025, they will sell all those cryptos and buy HIVE.
Example: the 50k worth became 500k in 2025, they will use that 500k to buy HIVE and use it to buy back all XV tokens from the holders.
My reply earlier seems erroneous so I'm editing it😅
The idea is to buy the crypto when the market is at a low point (happening during this period) and time the sale of the crypto when we expect the market to be higher - probably about two years from now.
You will buy using HIVE and then get HIVE when you sell in two years time.
I have read about them, been in their discord server as well, unfortunately, I don't think I will have spare cash to invest in them at the moment. I hold EDS and EDSMM from them at the moment tough.
But yeah, it is a very good investment for long term I think as they will for sure do a very good due diligent for the coin that they will put into the basket.
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Glad you did, Eka. It's understandable and yes, only invest what we can afford to lose, they say. It's good you have EDS and EDSMM. They are great income tokens.
I feel the same way😉
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I wonder if the some of the coins in the top 15 will stay as it is. Andami pwede mangyari.
Yes, that's the risk. That's why they plan to rebalance the portfolio every 3-6 months.
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This sounds like a risk worth taking for those who can hodl and wait. Besides 2025 is just around the corner.
That's true sis, time passes by quickly. Hopefully, everything goes well :)
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I quite like the rebalancing function, and I also like the fact that I dont have to choose and manage main-stream crypto - thats taken care off.
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Glad you see it that way too :)
Every investment comes with it risk, but I think they are good to bank on since they have being around for 4 years and they have being doing well too, though things can change, but of all their is no error in trying
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That's very true, and since we are taking risks every day not only in our investments but in most things we do, I think this is something worth it :)
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That's an interesting concept... It looks like an "index" token of Top15 cryptocurrencies... I suppose that as SPI reports are coming out, there will be people who will speculate on the price as the H-E market will be active...
Good luck!
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Indeed. It will be interesting how it will go after the sale and in the next two years. Thank you and I appreciate you :)
This is for risk-takers talaga hehe
Yes, Cherry :) D pwede sa nerbyoso hehe.
It was fun to find this in my feed 😍
Just one small correction: the 5% surplus will go to the SPI fund, not to SSUK.
Thank you for spreading the word about XV 🙂
Oh thank you lots and got that corrected right away, my apologies 🤩
😍
Thanks for the analysis, @ifarmgirl! I like getting residual dividends every week. Not sure I'd want to wait two years with no guarantee of getting anything. I have to look at it a bit more before I say yay or nay though.
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Thank you too, Lisa for reading. And yes, no guarantee so one must really think about it before jumping aboard to avoid any stress :) Two years is very long in crypto years. All the best to you :)
You're welcome, @ifarmgirl! You shared the opportunity but it is up to the readers to do their own research. And you presented very well.
Have a great day and weekend ahead.
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Thank you for your research and explanation @ifarmgirl! I appreciate it! 😁 🙏 💚 ✨ 🤙
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I was not aware of the XV token.
Thanks for the information, @ifarmgirl
This is probably a good time to buy and hold XV, as over the next two years, crypto should be going back up.
I will defiantly give this one some thought, but I am intrigued.
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You're very welcome, John.
And yes, that's the idea behind the project, to invest in 15 cryptos while the prices are in the cheap and cash out when the bull run comes.
All the best to you as you think it out :)
Excellent post, you've nailed it and i think you've got more comments then i did, haha. Im having fun reading through them
Oh, thank you. I was worried I may have written something else😅 Well, I did. Thanks to Shani for correcting it.
Thanks for your info on the new XV token ifarmgirl
Barb 😊
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Thanks for your information on the IV token @ifarmgirl
Keep us posted on how you are doing with XV token!
Good luck!
Barb 😊👍
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Pleasure Barb. Will see how much I can buy until the sale closes :)
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OK ifarmgirl that will be cool. Keep us posted!
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