Hello SPIers, here we are on week 8 of the XV token sale with only 2 weeks remaining. Let's have a look and see how things are going so far.
What is the TOP 15 token? (XV)
XV is a 2-year HODL token. All HIVE collected from issuing XV tokens are converted into a basket of 15 cryptos ranked within the top 50 on coingecko. The token sale lasts for 10 weeks with 6 weeks remaining and each token is sold for 1 HIVE each.
After SPinvest stops issuing XV tokens, the remaining will be burnt and we wait 2 years. During this time, we HODL the basket, it gets rebalanced and as we enter into the next bullrun it should grow in value. After 2 years have passed, I sell the basket and convert it into HIVE. I work out the HIVE value per XV token and buy the tokens back on hive-engine to wind the project down.
SPI takes a 5% cut of the profits for actively managing the project for 2 years, rebalancing the assets, updating posts for investors, etc.
Buy low - HODL - Sell high
XV Token sale Update - Week 8 of 10
This past week, we did ok and were able to sell 1082. Thats cool but more would be awesome. This weeks HIVE collected from selling tokens converted into $443 which was used to top up our crypto basket.
XV token Basket allocations
First off we look at the Binance rebalancer that contains the top 10 crypto in our basket. Ideally, all 15 would be in this but it has a 10 crypto limit.
It's been a crappy week for crypto and for the first time, we've seen the dollar value drop. This week, the rebalance bot did 2 sell orders and 1 buy order. Selling BNB and BTC and buying DOGE.
Next is our remaining 5 crypto that are held in my spot wallet and being manually rebalanced.
I last rebalanced these about 12 hours ago and it looks like ARB is off running again. LINK performed well this week with the other 3 going with the flow of the market.
Current XV token price
Let's have a quick look and see how the XV is currently valued in HIVE. I dont have high hopes because were down a little bit in dollars but if HIVE is down more, we will have a gain.
Rebalancer = $3489.58
Manual Balance = $585.92
XV tokens issued = 9841.11
HIVE price today = $0.40
XV HIVE value is 1.04 HIVE
BUY YOUR XV TOKENS TODAY FOR 1 HIVE EACH!!
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Feel free to reblog this 😏
Your followers are not my followers 😉
$PIZZA slices delivered:
thatcryptodave tipped spinvest
@synergized(3/10) tipped @spinvest
Thanks a lot for the regular feedback
I !LUV the concept... and I've gotten my XV token total up over 30 since the last update post. I'll be grabbing another handful shortly and I'll do my best to stack up in the next few weeks. Cheers!
!hiqvote !PIZZA
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Thanks for another update. Aiming to buy what I can in the remaining time.
!BBH
!PIZZA
!MEME
@spinvest! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @synergized. (1/20)
Credit: drpanayiothss
Earn Crypto for your Memes @ HiveMe.me!
I'm curious to see what will happen in the last two weeks. I'm continuing to accumulate the XV tokens with winnings from the games here.
Cool update, I must make another shill post.
I so thought there would have been a far greater uptake than there has been.
!ALIVE
!hivebits
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@spinvest! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @tengolotodo. (5/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Thank you for the update. Hoping to gather more tokens in the last 2 weeks. 🙂
i'd guess it will sky rocket to 10k XV sold on last week
we will see ^^
Hive price is helping now
Grabbed a bad of 250 XV!!! Awesome project. I have been rebalancing my own portfolio but still worth allocating some to funds that manage themselves as it saves me a headache. Good luck!!
Imagine my surprise when I went to buy my daily XV tokens and the price had jumped to 10 Hive each. Is this a mistake in the listing?
The XV token finished?
Currently I only see 9 Hive for each XV