Remember when we had the "royalty token?" Basically it was a token that was worth 100 SPI tokens. The point of the token had something to do with selling it back, and it taking longer to do the 95% buyback which would give the team time to find the best asset to sell to pay the token holder its money.
My issue with this proposal is the buy back. SPI offers to buy back the token at any given time and will pay 95% of the token value. If we open it up again and we get a bunch of new investors it means that there are more people available who want to sell the token back.
Most of us who HODL these tokens see the value in them and are not apt to sell the token back anytime soon - so we CAN HODL Bitcoin for long stretches of time. Will the new investors have DIAMOND hands as well?
Perhaps SPI2 aka HPI, a new fund that basically works the same, is sold at ONE HIVE. That way we know we have the OG investors who HODL long term, and we can use the original fund to buy Bitcoin and long term assets. Then we wether the new investors' and see if they HODL like the OG's do, or sell willy nilly.
The royalty token yielded 1 SPI per month to holders, nothing to do with buybacks from what I can remember. Buying back tokens has never been an issue for SPI.
Releasing a new fund would not increase the fund value of SPI and I'd end up running 2 funds exactly the same. My suggestion would be to keep SPI as it is and release more like a SPIL (SPI lite) token that is pegged to 1/5th of SPI tokens. It would be like EDSM (10 hive) and EDSMM(1 hive), both are the same token just at different prices.
It would be fairly easy to do, the main problem I have when I think about it is, it's a 1 way decision.
OK - I remember HODLing the royalty token and remembering that sell backs were locked in for a certain amount of time - but we're both going off memory here so who knows what really was.
I'm still concerned about the buybacks - I remember being in discord for a few conversations where I would read comments like: "I hope no one tries to sell back anytime soon." We knew the money was there if anyone wanted to buy back - but we didn't want to undue some of the buys we had just made.
At the end of the day though, more money to play with is more money for us to grow rich with... slowly, as a group. It also gives the administrators the same amount of percentage in payment, but since its more money it pays them more, which keeps them likely to keep doing the work for relatively cheap.
Concerned about buybacks or not, I'm ready to buy more SPI, OG or light.
But also, I'd like the idea of investing more with this team. I'd probably buy a couple hundreds dollars worth, if not more, depending on how long the sale went on for.