A bit of info for new SPI holders.

in LeoFinance10 months ago

Holders of LEO tokens are receiving an airdrop of SPI tokens, courtesy of @khaleelkazi to celebrate the 1st birthday of the LeoFinance tribe. I figure that for first time SPI holders, I'd throw together a quick post with some info to help you understand your new asset.

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  • SPI discord server. Feel free to drop in and say hi, and ask any questions you may have. Any questions about the airdrop itself, we can't help with, but anything about SPI hit us up.

  • SPI is asset backed. We hold a variety of assets both on HIVE and "off-chain" to back the value of the SPI token. Currently, the asset backing over each SPI is approximately 1.96 HIVE.

  • Curiously, when the price of HIVE drops, the HIVE asset backing value increases due to the off chain asset being worth more in HIVE.

  • SPI holds more than 1 BTC, and a similar amount of Tether that we are currently deciding what to do with.

  • SPI pays dividends. Each week, half of our HIVE based earnings are payed out to token holders.

  • The weekly earnings report contains lots of details of SPI holdings and weekly profits. You can find the most recent report here

  • SPI tokens are fixed at 100,000 with no more to be issued - ever. These 100,000 are all in circulation, so supply is tight and most of our long term holders have strong hands.

  • The value of SPI assets is currently over USD $42,000

  • SPI leadership team are volunteers. The only benefit SPI admins gain is from a slightly higher dividend payout each week. As such, it's in our best interest to keep the dividend growing sustainably.

  • SPI is not an upvote bot.

In the interest of full disclosure, there is one curation project that we know of for sure that doesn't like SPI and will not curate anyone that holds SPI tokens. We don't really understand why, but it is something to consider if Curangel upvotes are important to you. On the flip side, there are many that are very supportive of the project.

If you would like more SPI, there are a few days left where we are auctioning off batches of tokens. Check the latest posts from @spinvest for more information.

If you want to sell your airdrop, the market on HIVE Engine or LEODEX is tight, with limited supply. I would simply suggest to keep in mind the fact these tokens are backed by 1.96 HIVE worth of assets each when considering a sell price if you are that way inclined.

If you have any questions, hit us up on discord, or ask me here in a comment.

Thanks to @khaleelkazi for gifting SPI to LEO holders. We hope new holders come to love SPI aas much as we do.


Admin of @spinvest-leo account.

Posted Using LeoFinance


Just 100k? Shit. We need to get it listed on a real exchange and moon the shit out of it 😂

Posted Using LeoFinance

Not too long ago, we were struggling to sell any on STEEM at 1 STEEM each, when STEEM was 10c each. A couple months, and a hardfork later, plus deciding to hard cap it at 100k and there is plenty trading at 3 HIVE each, with HIVE at 20c +. It's been a fun couple of months, the rest of the year will be interesting.

Nice to have some enthusiastic players involved now like yourself @trumpman.

SPI seems to be a HIVE project I'm yet to understand how it works. I'll dash into the Discord channel for more information. Meanwhile, is the SPI airdrops sent? I seem not to receive mine yet.

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Can't really help with airdrop details, Spinvest isn't organizing it. Any info you need, feel free to ask my friend.

Posted Using LeoFinance

I appreciate the way you maintain the SPI project. I didn't know that investments go beyond the chain. Very good!

I particularly like investments that pay dividends. I will research more about SPI and without doubt it will be another asset of mine. HODL

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Sweet I don’t even get curangel upvotes so no loss to me, bring on the SPI will the to buy some too! Love the fixed supply idea especially with so much inflation based near infinite supply tokens!

Is the SPI club looking at the de-fi space and all the staking coins giving out premium returns like AWC and BAND perhaps I’m bias but I got into them recently and making some good gains

I hadn't heard of SPI tokens before this post, curious to find out more, but I haven't noticed any airdrops to Hive-Engine wallet. Is there a minimum amount of staked LEO required?