RE: Words with Mr SP Invest - Weekly SPI Token price change?
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This was an interesting watch as someone who has only recently discovered SPI. It did raise a couple of questions for me though.
Firstly, weekly price changes - could these be seen as detrimental to the market? If the price jumps too often it may turn people away, likewise if there are sometimes price drops, people may hold off buying in the hope the price goes down next week.
Secondly, you briefly mentioned a dividend. How do you foresee dividends being returned to tokenholders? In the form of Steem or additional SPI tokens or something else entirely?
Cheers
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Hello, sorry for the late reply.
I had to double and triple read the line "If the price jumps too often it may turn people away"
Never heard of anyone not liking the price go up. SPinvest is backed by SP and valued in STEEM so it's not likely that the price will decline. Think of it like having money in the bank earning interest. You'd be pretty shocked if the account balance started to go down.
Dividends are paid out as SPinvest passes through key issued tokens amounts, the next being 100,000. These are small and are paid in SPI token. After all, tokens are issued, dividends will become a regular thing but we have lots of time between we look into that proper.
What I meant there is if the price looks to be being artificially inflated, it can look sketchy, and if a potential investor has X amount of Steem to invest, and sees the amount of shares it will diminishing regularly as they pull the funds together, it may see them choose an alternative investment vehicle. Everything I have read promotes a long term strategy, so rushing the price up too frequently when the demand isn't there, may be counterproductive.
Thanks for the dividend clarity. Gaining token holding growth until all tokens are issued is good. If we need to cash in the dividend the buy back wall is there, or we can let it grow.
I know I'm asking a bunch of questions and don't want to be seen as negative, I just want to fully understand exactly what my Steem is tied up in.
I'm testing out the beneficiary feature on a couple of posts I did yesterday as well, so I'm keen to see how that works for me too.
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