RE: SPinvest updates - Steemit communities, SE exchange, possible token split and more
You are viewing a single comment's thread:
I think removing token sales from SE could make things worse, not better. No sell wall from spinvest might result in more arbitrage. Nothing stopping the trader from selling at 1.23 or even higher.
My suggestion would be to decrease the gap between the direct sale price and S.E. price. The difference is to cover the fee for withdrawing steemp right? Withdraw via LEOdex instead = smaller fee = smaller gap in price = smaller profit for trader = fairly priced SPI for those wanting to buy from SE or LEOdex.
Token split I'm not really sold on. I get it, but I like the psychological benefit of regular price increases. Encourages s sense of urgency to get tokens before the next rise. Going back to 1 STEEM feels like a backward step. I know in reality it isn't, but it feels like it. Also, wouldn't a split mean you have even more tokens to sell? 20% more, or 1.2mill? Or am I missing something?
Just my 2c worth, interested to see what other investors think.
Cheers,
JK.
Hey man.
I'll relist the tokens on the exchange in a few days at 1.20 STEEM to cut it completely but I'd like to just see what does happen to the price out of interest. There's no harm caused and it'll let us see if it goes up are down.
For the token split, we would be going down to 1 STEEM and then rebuilding, 1.05, 1.10, etc just as now.
It's a million total supply and that would not increase, splitting is a way to get us to a million issued quicker and it helps current investors to retain a higher percentage of the fund.
I was thinking more tokens and more price increases 😂
I really don't mind owning a bigger proportion of the fund 😍