Hive Power Up Day - 1 March 2022
Why Power Up?
I'm sorry that the world is in such a sorry state as we're taking part in this HivePUD. I'm glad we have something like Hive that can get messages and crypto where they are needed. I hope that humanity prevails and this mess and all the others around the world are sorted out. For me, those messes and the destruction of people's lives presses home, all the more, the reason to grow your stake in Hive.
For anyone who is interested in alternative ways of organising, I posted a fundraiser for a new book about anarchism and how it applies today.
Portfolio
I have a small portfolio of tokens selected against the following:
- the model for the token: what is the long-term project? is there a plan? is it viable?
- the team behind the token: what is their reputation and experience, how accessible are they?
- what risks are involved and how are they being managed? is the project sustainable?
- how transparent and accountable is the project? is there regular reporting?
- how does the token fit with my own values and plans and attitude to risk?
Hive, Hive Power and HBD
After investing in Steem, the predecessor to Hive, for about a year, I went to what was then SteemFest, in Krakow, Poland. I went to check out, in person, what was involved in Hive - witnesses and developers, project leaders and the community. Since then, I've been to several meetups in the UK: it is always good to meet people (and fun), and I get a much better feel about what I am investing in. I believe Warren Buffet says the same: know the company blockchain 😁.
My primary target now is building towards 100,000 Hive Power by the end of December 2024. I had a small windfall recently which I used to increase my investment in Hive and HBD.
SPI (growth token)
Disclaimer: I hold approximately 11% of the SPI fund and I am part of the leadership team.
SPI comes from a great idea - pool the resources of all the investors and use it to earn income which is then re-invested and continue to grow the pool. It is run under UK Investment Club rules and the early days were very exciting: we'd save the income and when we had enough we had a group vote about what to invest in. The most exciting one for me was when we saved for the silver we hold. It's one of the smallest assets now, but it was the first time I had invested in precious metals!
The fund has grown from a starting place of $13,000 dollars and currently has a value of $280,300 approximately 30 months later. Having made initial investments and secured a wide portfolio of assets, the fund continues to grow. The value is consistently increasing and decreasing, depending on the value of Hive and other holdings, but the fund has the following benefits:
- every token is fully asset backed.
- a skilled asset manager and a small team of dedicated active token-holders.
- it reports every week with full transparency and accountability.
SPI is a long-term investment - three to five years is a sensible amount of time to HODL. The fund pays approximately 8% dividends to fund holders every Sunday, at the same time as the token value continues to grow. Dividends are paid in SPI, and from 20 March 2022 will be paid in Hive. Later, there will be a token split, separating the growth element from the income element.
I loved the opportunity to become involved in investing first-hand with a comparatively small stake: SPI offers a much lower barrier to entry than other forms of (off-chain) investing. I can be as involved or detached as an investor as I want to be: I don't have the time to investigate pools and farming and I'm delighted that other people are managing that for me. At the same time, I know who the people are and can ask questions at any time.
It has always felt to me that SPI is a continuation of other collaborative ideas to build wealth and follows on from the long tradition of credit unions, pardnas and co-operatives. I have invested as part of my retirement (passive) income.
EDS (income token)
Disclaimer: I hold approximately 10% of the EDS circulating and I run the Saturday Savers Club.
EDS has to be my favourite token. It follows a similar principle to SPI in that resources are pooled and used to create a Hive income, currently about 22%, which is then distributed to token holders each Monday. This token is fully asset-backed with Hive: post and curation rewards are powered up, all second layer tokens are sold for Hive and also powered up.
EDS are available to buy, however, the main route to EDS now is through purchasing a miner. The current miners, EDSM, cost 10 Hive and have a 20% return each year. There is a long-term plan for EDS, including a second miner when the current one has sold out. The project is run by the SPI team and benefits from the same fund manager. Both SPI and EDS have contingency plans in place.
Again, EDS forms part of my plans for a passive retirement income. I have always thought, though, that EDS is a great token for grandparents who want to set up a savings fund for grandchildren. It is so straightforward and a great way to help children and young people get the savings and money managing habit. The income could be used to reinvest in more EDS tokens and over 18 or 21 years would grow to a significant amount - just right for a contribution to college or housing expenses.
Summary
| Token | January 2022 | March 2022 | Value | Notes and Plans |
|---|---|---|---|---|
| Hive Power | 60,000 | 61,100 | $57,218 | target: 100,000 |
| LEO | 3,293 | 3,742 | $755 | target: 5,000 (delegated to @meowcurator) |
| Hive | 500 | 1840 | $1,740 | target: 1,200 savings |
| HBD | 170 | 508 | $502 | organic savings |
| SPI | 10,227 | 10,336 | $30,801 | growth token Hive dividends from Sunday 20 March 2022 (@spinvest) |
| EDS | 2,184 | 2,312 | $1,952 | income token Hive income on Mondays (@eddie-earner) |
| LBI | 5,000 | 5,000 | $1,876 | growth token Leo dividends Saturday (@lbi-token) |
| EDSM | 25 | 30 | $281 | Miner 20% return |
| CL | 1001 | 1001 | $362 | income token Leo income Friday |
| STEMM | 20 | 20 | $431 | Miner |
| UTOPIS | 100 | 100 | $76 | Hive income Monday |
Notes
SPI - Starting fund $13,000; Value 27/02/2022 $280,304; Assets: 39% Hive; 15% BTC; 6% ETH; 25 other income streams.
Portfolio: @susie-saver
| Token | January 2022 | March 2022 | Value | Notes and Plans |
|---|---|---|---|---|
| Hive | 0.1 | 16.53 | $15.50 | 2022 Saturday Savers Club savings |
| Hive Power | 1,215 | 479 | $449 | powering down to transfer to @shanibeer |
| HBD | 0 | 0 | 0 | transferred to @shanibeer |
Notes
Alt account to deposit weekly Hive savings as part of 365 day challenge on @eddie-earner account.
Portfolio: @shani.jahming
| Token | January 2022 | March 2022 | Value | Notes and Plans |
|---|---|---|---|---|
| JAHM | 397,434 | 406,440 | $166 | wild card! |
Three things newbies should do in their first week and, for most things, forever afterwards!
Hi @shanibeer,
Thank you for participating in the #teamuk curated tag. We have upvoted your quality content.
For more information visit our discord https://discord.gg/8CVx2Am
😍
Congratulations @shanibeer! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
Yay! And did you see? I've passed 70 rep! 😁
Yes, Nice @shanibeer 😄 We're happy to see how fast you've reached your goals! We wish you to continue like this 😊👍
Have a nice day.
It's hive power up day. I have done it a few times. I still not sure what the benefits are. I try and power up anyway, have few hive that I can use. My hive power is very low, just over 100 !
The direct benefits are that you are a part-owner of Hive - you have a stake in something you are building for the future. With a bigger stake, you'll have increased influence in Hive, you'll be able to give away more benefits to others that you choose by voting on their posts, you'll earn more in curation.
The wider benefits depend on your bigger plans - what you want for yourself from life, the friends you can build through Hive, and the fun you can have here. 😍
Have a small power-up gift from me to help you on your way 😍.
Thank you. You are right, part of hive and community !
!PIZZA
Looks like you have a good spread of investments that are doing well. I am assessing mine a bit more, but I'm doing pretty well anyway. Hive is being good to us and great things may come in time.
!LUV
Yes, there's lots going on and lots of opportunities 😀
You gave me an idea how to make chart of the tokens one is accumulating.
Happy to participate in PUD. This is my first time.
That's great and good to have you here 😍
Thanks!
Ran out of tips. Let me try this one. I hope it works. !hivebits
😍
Hivebits blends Hive's blockchain and Bitcoin's ethos. Your effort = your reward. Mine HBIT simply with ! hivebits (no space), 1-per-day.
Success! You just mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. You can receive 100% of the HBIT by replying to one of your own posts or comments. Or, support Hivebits at official HBIT mine | your wallet | market | tools | connect | <><
Confirmation replies are currently on, but they'll go off when Resource Credits (RCs) get low. Your hivebits command will still go through and you'll get your HBIT.
I think this is the second time I've read in a post from you about EDS. And if there is one thing I should look at in my plan for the future on Hive it is tokens, which I haven't paid attention to so far.
Good luck with your investments and congrats on the PUD day!
😍
Congratulations @shanibeer! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
Congratulations @shanibeer! You received a personal badge!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
By the end of December 2024, I should probably own 60k HP, along the line I could even make some huge purchases of my other investments pays off, who knows, maybe 65k.
Your 100K HP is a solid goal. I mean, there's nothing as exciting as building power up goals.
That sounds great 😍.
Would you like to join the Saturday Savers Club? We have a lot of fun there, supporting each other to achieve our goals.
great post. i wonder do you target % for the tokens? hive, leo etc or just absolute numbers.
Do you mean % of tokens in circulation, or % of my portfolio?
When I started I was aiming each time to reach the next level of investment - whatever HIVE power I needed to reach Minnow, Dolphin, Orca etc. When SPI arrived, I had a goal of owning 10% of the fund, which was very ambitious and very romantic at the time. As it has turned out, I now own about 11% of it, but that was more by accident 😂.
Generally, though, I am working on absolute numbers.
Those absolute goals make sense and I see what you mean now. I meant % value of your portfolio.
I guess using absolute values and having targets is also easier because then we stay in the crypto realm instead of talking about $ or fiat values. It also gives us something to aim for.
That's interesting because I have been thinking about % values - sort of what % value do I put on this token as part of my portfolio - and that is reflected in the absolute numbers I've chosen, but it's not an exact science 🙂 and I agree: fiat values will go up and down and make it messily complex to follow 😜.
@onw - hello 😍 here's a bit about the tokens we were talking a bit.
also Saturday Savers Club.