Hello SPIer's, there is never a moment of peace around this place. So have you heard about this new SEED token on hive-engine. Priced at $1 each with 70,000 in general circulation, 100k hardcap and sold out in 3-4 weeks. That's pure madness and im jealous as hell because it took SPI 8 freaking months to issue around 70k tokens for only 1-1.25 HIVE each. So the SEED fund is already worth 50% of what SPI is worth and we've been grinding for over 2 years. It'll be very interesting to see what he can do with that amount of starting capital. Did I say im jealous as hell? Anyways, it's a good setup, I like the guy that's running it (@empoderat) and I dont consider it to be a punt as it's a backed fund and now it's a hard-capped token.

Having problem uploading pictures

What is SEED?

It's a backed fund token for my POV. 25% of the funds collected from issuing tokens were put into HBD savings to earn 10%. The rest of the funds have been invested into a range of defi services and 1 or 2 token presales. You can check out the launch posts. Start at this one if you are interested in reading up about it in more detail.

Your thinking, did you get any SPI before they sold out? Of course, I did and I can go 1 better, we got ours on the last day of them being issued at $1 each so insta 20% profit. The last 15ish thousand were sold at $1.20 so super lucky. Being a funny being and liking round numbers, I decided to bag us 1% of the tokens and got us 1010 SEED.

So now they are sold out, we wait for growth. There are no dividends (i like this), empoderat uploads weekly reports, which makes my job tracking it much easier (i like this) and we're getting exposure to presales, which I'd probably never do for SPI because of a lack of knowledge, (i like this). We hold a big bag of BRO because Brofund does stuff I'll not put our money into. This does not mean they invest their funds poorly, means i dont understand what they invest into all time, it's over my head but it's been working brilliantly for us. I view this SEED token as the same thing. I dont really have any interest in presales but that does not mean we should not have some exposure. Plus $1k is nothing to us these days.

Here's is a snapshot i stole from epoderat's lastest post

What do you think about this? Pretty cool, right? I mean it's basically a chart of people buying tokens and the fund seed money being collected but it looks impressive all the same. If it continues this trend for a few months, we'll be bazillionaires. Forget the chart and look at the investments.

So there you go, I thought I'd share that with you folks.

In other news

• I was able to bag us 14,000 HIVE for 2 ETH the day before HIVE jumped 45% last week which was lucky. How lucky? With HIVE dropping back down to 48 cents at the time of writing, 2 ETH at $3100 will get us 12,700 HIVE right now. We could actually convert that 14k HIVE into 2.2 ETH. We'll hold the HIVE, I have plans for it plus HIVE as a smaller ALT token should outpace ETH in a bullrun so...

• RUNE is mooning. It was trading at only $3.50 1 month ago and today, it trades for over $10 which puts us into profit on the 400 we hold. I've been looking at ways to stake RUNE but I can only find LP's and I'd rather not to be honest. Earning 20% would be nice but an impermanent loss could wipe that out easy. I think waiting for something like a RUNE den on CUBfinance would be better, not even CUBfinance just somewhere safe.

• Seen the 1st CUBfinance IDO is on the 30th so I'll need to read into more detail about that before I wreck a few peoples heads on discord asking them questions. It might not be worth it, the POLY CUBfinance launch could be more profitable for us. Im a salty bitch when it comes to defi farming, I just dont trust it and always try to find a reason to not invest. I know we need to be involved and hey it could be the best thing from sliced bread. I'll get a chat with JK and see what he thinks as he is holding the bulk of our CUBfinance investments.

• Our investment of 500 LEO in the noloselottery and 1000 LEO into easydefi are paying off nicely. We've completed our first 2 weeks in both and the noloselottery has paid out 120 LEO and easydefi 45ish LEO so far. Not bad at all says me, what you say?

That's about all I think of off the top of my head. Alot of things are happening around HIVE as we go into the bullrun and people are crypto hyped, lots of new things will come. Be wary because a lot of these new projects that will appear will be dead this time next year. Invest into people that invest in the blockchain and not only when it's a bull season. If HIVE goes over 1 HIVE, get ready to see a lot of old faces reappear from the STEEM days.

So here, before I go on a rant, I'll wish you a good day and hope you are satisfied with this update post.

Posted Using LeoFinance ^Beta