Hello SPIer's, let's take a look and see how token sales and fund allocation are going for our newest token Top 15 (XV)
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
Click HERE to buy XV from hive-engine
XV Token sale Update - Week 7 of 10
The 7th week of the public offering is complete and we issued out 823 XV tokens this week that converted into £382. You can see below how the $382 is split up between 15 cryptos. With only 3 weeks left to buy in, im looking forward see how many tokens we can issue.
XV Basket allocation Update
Binance Rebalancer
Let's have a look at the Binance Rebalancer bot first and see how things have been going this week. Below is the top 10 cryptos in the XV basket. These are in an auto rebalancer on Binance that balances when any crypto increases more than 1% out of its set allocation.
This week, there were only 3 transactions and all on the same day. 2 sell orders for ETH and ADA and a buy order for BTC.
The profits already are very nice, more than 10% up and this bot was started on week 3 after a problem with Binance forced a restart. Since than this has been working really well and i think after the XV sale ends and the basket is relocated, i'll use this balancer for my personal stack.
Manual Rebalancing
That's have a look at our bottom 5 cryptos being held in the spot wallet. I manually rebalance those 1 time per week back into the allocated percentage. Its fairly easy, quick and cheap to do with an excel sheet.
This week, ARB mooned 36% and STX dumped 12% (biggest loser of the week in the top 100) and the other 3 followed the market and increased a few percent.
ARB mooned so much, i still had to sell some even after allocating this weeks split of XV token sales. STX had a great pump a few weeks back but has fallen hard and currently sits on the 50th ranked crypto.
Only 3 weeks left to BUY XV for cheap at only 1 HIVE each!
Click HERE to buy XV for only 1 HIVE
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Feel free to reblog this 😏
Your followers are not my followers 😉
$PIZZA slices delivered:
@synergized(3/10) tipped @spinvest
Gotta get me a few more of these before sale ends!
Only a few weeks left and its nice that HIVE is going up in value as well
Not so nice if I have to buy it from my hbd 🙈 Wouldn’t mind a little dip 😉
Haha got one for .8 hive in my buy order, with 10% profit already that's a 30% difference. Guess I'll be growing my buy orders and use what doesn't fill to buy at 1 at the end.
Thanks for the updates, love this project and how it will protect us from insane hype fomo in 2 years, when this is done I hope we all get a wake up call it's probably time to at least start that DCA profit taking
I wonder who sold that for 0.8?
Anyways, you might beable to get some cheap from HE during the 2 year wait if people need to exit for whatever reason. Depends really, we'd need to sell alot more between now and 3 weeks.
Thanks for the comment and feedback.
woooow! already 13% profit!
i have 190 HIVE ready for it, so i will hit 400 XV for now
lets see if i can find the other 600 XV i want
keep it up
I was thinking aim for 500 on your 2nd line and by the end of your 3rd, i was like, Now your talking!!
hahaha
390 mine already ^^ top 8 it looks like
shame shanibeer went all in with 2500 or i'd try to be top score
Shanibeer always backs me, she buys more of my tokens than i do, lol.
Keep stacking and you'll get there, as long as you always have a a target to toward
Have to save upp so I can get some of this 👍
They will cost 1 HIVE for the next 3 weeks and then most of the unsold will be burned off. Thanks for checking out the preject
Hmm I think I need to get some before it runs out. The dilemma of needing so many different things! Lol
Posted Using LeoFinance Beta
HAHA, yes. Im the same as well. Its like there nothing for a long time and than 3-5 things all at once, lol
Great update
Thanks for keeping us informed.
!CTP
!ALIVE
@spinvest! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @beststart. (3/10)
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,
will be back next week with another one :)
!BBH
!PIZZA
!MEME
@spinvest! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @synergized. (2/20)
Credit: martinni
Earn Crypto for your Memes @ HiveMe.me!
The pounds got me for a moment.
I did see STX but not had a chance to see why they lost so much.
Cool update, time is running out.
Have to see if I can do some shilling of XV and eds-vote on my Talk Time with Tengo discord show.
!ALIVE
@spinvest! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @tengolotodo. (4/10)
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.
ohh, haha. I see i did one $ and the other £, lol
Not looked into STX either, i still think its a good project. Its sitting on the 50th rank. If is slips to under 60, i'll problem need to swap it over for something else.