SteemPower Investments - Updates galore!!
Hello everyone, seems like a good day to do a SteemPower Investment update post. These are fun to do cause it's a freestyle off the top. Thinking out loud, i could talk about dlease, off market leases, spinvest-leo delegation offer, the current fiat to SPI group buy and how i see things planning out for spinvest between now and 75,000 SPI tokens issued. So there you go, we have plenty to talk about.
![image.png](https://steemitimages.com/640x0/https://files.steempeak.com/file/steempeak/spinvest/aX4iLZzw-image.png)
Steem powered investments @spinvest has been set up to offer an investment fund based on funding from STEEM POWER. Investments are funded through extracting value out of STEEM POWER and taking advantage of STEEM's high inflation rate. The aim is not to get rich quick; the aim is to build a safe portfolio of investments that will stand the test of time while insuring all investors starting capital is not at risk. Full details can be found here
Dlease update
We currently have 23,391SP leased out on dlease filling requests and earning us a 100% passive income of 13.77 STEEM per day. It has been like this for a while, a few weeks and it's coming very close to the time when some of these lease's are ending. Before HF21, this was not a problem as the SP was just reused after the 5 day cool down period. Pre HF21, the avg rate of earning was 20-21% which was our target and all good but after HF21, the rate has dropped to 17-18% on avg. This is still very good i think as you can fill a request for 26 weeks and then you've got a true passive income for 6 months. You could use time on other ways to earn from SP and earn alot less, so 18% for no work is very good.
Going forward, the plan would be to keep the focus on off market leases which are leases that will remain in place for years (i hope). Dlease is still part of the plan but i think as earning potential has took a small dip, we should just be more selective with which requests we fill. Something like 2000SP+ and at least 16 weeks is worth 18%.
Off market leases update
Things have slowed right down on this and there has been no increase for either 1 are 2 weeks. The last increase was on a Friday but was it last week? are the week before? Anyways, the last lease was to @steemleo which is now maxed. He might want more in future but for now we now have 20,000SP delegated over to the best STEEM frontend and it's being used for curating posts, everyone wins. Ohh, it pays us 80 STEEM a week as well.
Now that steemleo is currently maxed out, who's next? We are currently leasing 7,500SP to @steemcryptosicko(CSB) and it'll be needing some more SP as it's been building curation rewards and is ready to do a bigger powerdown to pay for it. I think CSB could take another 12,500SP at the same rate of 20.8%. After that, Mr SP Invest get's down to work with a few offers on an open table (community bots) for the taking. And after that, make a new plan.
@spinvest-leo delegate LEO and get SPI
Pretty simple and easy to do. For each 500 LEO delegated to @spinvest-leo, you will earn 1 SPI token. There is no limit to the amount you can delegate and you receive your SPI tokens each calendar month from the date you start your delegation. Payouts are based on blocks of 500 LEO. So if you delegate between 500-999, you earn 1 SPI token, 1000-1499 earns 2 tokens, ect,ect. Im not sure if this was made clear in the beginning are not. If you decide you up your delegation after some time to earn more SPI tokens, your payment date will remain the same to keep everything consistent.
October's fiat to SPI group buy
There are still a few days left to get involved in this months group buy were i host a free service to convert fiat money into SPI tokens. Not everybody has a big STEEM wallet but would like to invest regularly and this group buy offers anybody to chance to by using paypal. It's super easy for anyone to convert $20, £50 are 100 euro into SPI tokens which are basically liquid STEEM POWER that earns 20% per year. Click HERE to view the post and get involved in this months buy. STEEM is only 14 cents, our money goes goes a long way.
Saving regularly is what SteemPower Investments and it's club is all about. We are all about long term growth, getting rich slow, super slow. Well not that slow as we are on target to earn 25-30%. Saving a little something from each pay pocket can do wonders over a few years. Alot of people have it tight for money but if you remove 5-10% of the net take home pay and invest it into something that is not a simple 123 to get back into fiat. I personally stack silver and gold bullion and buy BTC weekly. It was hard at the start but i got used to it and now i have something worth something. Im selling you SPI tokens today but the idea is to learn people to invest are save toward a pension are just for a rainy day. When you remove money from your spending account as soon as you get your pay, you'll not miss it as much as you think you will. You will adopt and get by with what you have. Learning this can literary help to change a person's future. Save $20 a week for a year and this time next year, you'll be $1000 richer. Take that $1000 and put it somewhere to earn you 10% for 1 year while to continue save $20 a week. By the end of year 2 you'll have $2100, take your money and put it into something that earns 10% and continue to save $20 a week. You see were im going? First think back to 5 years ago and what you were doing? It prob does not seem like a long time for most of us so if you were to do this. If you started this week after 5 years you would have saved $6,349 which is a decent chunk of chance. After 10 years, you'd have $16,575 and after 20 years and you'd have $59,566. All from saving $20 a week and never adjusting for inflation. Learn how to save and make a game of it.
Mr SP Invest's thoughts for 50-75,000 issued tokens
This could 1 of 2 ways, we could continue on the path we are on and issue a few thousand new SPI tokens every week are things might slow down and getting to 75,000 might take a while, like 4-6 months are more. This is something i have worrying about and knew it would happen but @spinvest has hit a wall with alot of investors having hit their target, getting to 50,000 tokens issued before sales have slowed is a blessing. We need new blood and to be 100% honest, i have no idea how SteemPower Investments is viewed by newsteem which makes its hard to try some things as im unaware if @spinvest is newsteem safe are not. We do get a few downvotes already but nothing currently to worry about, i think it just a few haters that have skimmed through a post and downvoted without really understanding the concept of SPI and it's club.
If SPI token sales really take a nosedive, we just earn with what we have and we'll do just fine. Tokens issued does affect potential earnings. If people start dumping the SPI token on the exchange hard, @spinvest will buy them back all day long increasing the true value of each token for investors that remain. I dont think it'll come to this but my mind wondering and ponders over many scenarios.
If things continue to boom and snowball, we have no worries either. Just more earning power that brings us to a more diverse investment portfolio quicker. There are a few idea's im waiting to ask for feedback for but it's not time yet and i think incentives and new projects should be brought in over time as the project grows and gains strength.
Overall, i would like to see SPI continue to boom and get bigger, get more confirmed members and get more people involved, grow a larger network and start to lay the foundations for some sort of team are confirmed members to take certain roles. jk6276 has made @spinvest over 1250 LEO token worth over 250 STEEM in just a few weeks by stepping up. He's doing a bang on job and it's outta my hands. He does all the work and deserves all the credit. That's the beauty of being semi decentralized, he had an idea and then went and did it.
Thinking longterm when 1 million are issued, SPI will go fully decentralized and will hopefully have a team by then that do all the work and i expect @spinvest-leo to be the first branch on the @spinvest tree. I think by this time, SPI should beable to pay a small incentive to members that have committed there time unpaid during the ICO stage. It's something i dont talk about very much when trying to promote roles because it would better to have members commit without being incentived buy making money. We could branch out into many new ventures, SPI bank?, Liquid SP token?, SPI lotto? @spivotes for a club voting posts only with shared posting key are even . There are tons of ways to expand, i think the best way to get more eyes on the project is to have more accounts attached to it each having there own followers and targeted audience. Im not talking about spamming but 3-4 are 10 accounts serving it's own purpose is legit in my eyes. SBI shares has tons of accounts. Anyways, we'll just wait and see what happens.
I finished my last shift 5 hours ago and now im off for around 10 days so you can expect me to be a little more active than normal. There are a few things i need to sort out with @shanibeer about promoting SPI to new community's, me and @jk6276.leo are always trying to think up new ways to earn more LEO tokens for us and i would like to try a club activity. This will be something to earn us some free SPI tokens for doing something all together.
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Below are steemconnect hotlinks that allow investor's to buy SPI tokens directly from @spinvest. Each token is currently priced at 1.20 STEEM and beside each link is the true STEEM cost to reduce confusion. You can also send any amount directly to @spinvest and i will issue you SPI tokens to 2 decimal places for the value of STEEM to send. All tokens bought directly will be sent to investors SE wallets within 24 hours but most likely much sooner.
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5 SPI tokens - 6 STEEM
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10 SPI tokens - 12 STEEM
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25 SPI tokens - 30 STEEM
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50 SPI tokens - 60 STEEM
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100 SPI tokens - 120 STEEM
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250 SPI tokens - 300 STEEM
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500 SPI tokens - 600 STEEM
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1000 SPI tokens - 1200 STEEM
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2500 SPI tokens - 3000 STEEM
Information | URL Link |
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SteemPower Investments Introduction Post | Click HERE |
SteemPower Investments Club Partnership Agreement | Click HERE |
How to become a club member | Click HERE |
How to convert SE tokens into SPI tokens | Click HERE |
Join the SPI club Discord server | Click HERE |
Join the SPI curation trail | Click HERE |
What's best for the SPI Club? Centralized vs Decentralized | Click HERE |
SPI tokens 95% buy back guarantee | Click HERE |
SPI Club monthly Fiat to SPI token group buy | Click HERE |
All questions are welcome, please ask in the comments below
@ruckpositiv curate 100
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Nice well up to date post with what’s going on. The trick, as you said, is really branching this thing out. How do we get more investors interested, or is it just aware, of what’s going on??
I like your ideas, and thank you again, as always for all your hard work. And also to those who have accepted and are running with their roles.
Question about the leo delegation: is 500 leo delegation a minimum tier, or say, for instance, can one delegate 100 leo and be rewarded a partial SPI monthly ?
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Thanks man for checking out the post and leaving a great comment.
The LEO delegation reward is in tiers. This means that 500 LEO would the min. 500-999 delegated LEO would earn 1 SPI per calendar month, 1000-1499 would earn 2 SPI's per month. The reward goes up in blocks of 500.
Yeah buddy. And ahh, looks like I’m gonna have to scoop some leo to help the cause and to earn passive SPI... I think I only have like 130 leo or something at the moment
See you my guy
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I just learned one interesting thing. Concerns curatorial rewards.
For @curangel, all SPI holders are blacklisted because they are earning STEEM inflation.
If @curangel moderators propose an article for a curatorial reward, it is compared to a blacklist and those holding an SPI are automatically excluded from the reward option.
Most of that makes no sense to me, talk to me like im a 5 year old :)
I have heard of curangle and im not really down with it.
It is a Google translation from Czech.
SPI is said to benefit from the inflation that affects STEEM.
Here is a link to the original commentary, which is written in Czech.
This post has been included in the 200th edition of The Steem News - a compilation of the key news stories on the Steem blockchain.