Which SPi token price is right?

in spinvest •  last month 

Hello and welcome to this SPinvest post
SPinvest is a tokenized investment fund/club for all users of social blockchains. Everyone is welcome! The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. This lets SPinvest offer an ROI of 20% per year on SPI tokens. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from @spinvest are through the steem-engine are dex.steemleo exchanges.

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The SPI token price and exchange price

Im sure that some token holders will have to seen that the SPI token has had 2 prices ever since moving over to hive-engine, are at least appear to have 2 prices. Of course, the SPI token only has 1 price, the price that is posted daily in the discord server and weekly in the Profit and holding posts.

The price you on the hive-engine exchange is the price people are willing to trade it for and pretty much has nothing to do with SPinvest. The price you see on the exchange is including a premium. It's like when gold is $1500 per oz, you'll not buy a 1oz coin for $1500 cause of the premium. I guess SPI tokens now pay dividends and have multiple sources of income for growth so people look to be happy to pay an extra 20-30% to get them.


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Growth always costs more. Look at a stock like Tesla versus a GM. People laugh at the absurd "valuation" on Tesla saying that it doesnt match the sales. Of course not. People are paying up for growth.

SPI is issuing no more tokens and should only increase in price over the next few years. If we are able to achieve a growth rate of near 20% like the club set out to do, that will garner a large premium on the open market.

Posted Using LeoFinance

Im not sure we can produce 20% per year if we are paying out dividends. Off platform and STEEM earnings are not included in the HIVE dividend so we should still clear 10-15% ROI on token value every year but i feel we will enter a bull run soon, within the next 6-18 months and then we'll see real growth. Long term, i think SPinvest's growth will be something like...........

You know what i could write a post about this, I'll make today's post about SPinvest plan for long term growth by dipping in and out of crypto cycles.

Posted Using LeoFinance

I think you should rename the "price" you quote each day "net asset backing" or something like that. It's not really a price as we are not selling tokens any more. The price is whatever people are prepared to pay on the market.

Any chance of including the usd "net asset backing" value in the daily update you make? I think this would be an interesting metric to keep an eye on. If its not too much hassle.

JK.

We'll be opening up buy backs soon but i see what you mean.

I'll prob rename and try something, no harm in trying and might create a good line between the 2prices.

Thanks man

Posted Using LeoFinance