A Quick @spinvest-leo update

over 4 years ago

@spinvest-leo has been set up as a new branch of the @spinvest program aimed at building and growing a stake primarily in the STEEMLEO token. Our Launch post was a week ago, so I figured it was a good time for a little update. The regular weekly updates will be posted on Tuesdays each week.

Curation payouts have begun, and we have received the payout from the launch post. A couple more delegators have generously added to the LEO Power we have to utilise. Also, the LEO held by the @spinvest account has been transfered over and staked. This was 160 LEO, and since launch from curation and post payout, we have added another 48.577 LEO, along with 2.1 PAL and 8.2 NEOXAG. These other 2 tribe tokens will be staked also, and any other random tokens that come along will be sold to buy more LEO. Also, the liquid payouts of STEEM form the update posts will be used to buy more LEO.

So current value of the account is:

Asset	Number	STEEM Price	STEEM Value
LEO	208.577	0.100004	20.858
NEOXAG	8.21780228	0.03699	1.043
PAL	2.108	0.11530001	0.243
STEEM Power	0.856	1	0.856
TOTAL			23

So, after 1 week, the total account value is 23 STEEM. It will be fun to watch this grow over time and add to the @spinvest asset base. If you would like to delegate any of the above tokens to the account, please feel free. There is no reward for this, beyond knowing you are helping out the club. Here are the delegators so far:

Thank you very much to those supporting this initiative to get off the ground and add to the growth of the SPINVEST club.

Much appreciated,

@jk6276 on behalf of @spinvest-leo

spinvest - growth.png

steemleo palnet neoxian spi spinvest tokens leo

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19 comments

@steemitboard 66

over 4 years ago

Congratulations @spinvest-leo! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

	You got your First payout

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

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@taskmaster4450 85

over 4 years ago

Another idea could be to take a percentage of the STEEMP paid for SPI tokens and convert them immediately to LEO.

This would save the 1% fee given given to Steem Engine since the currency stays on the platform.

Maybe like 5% of the STEEMP converted to LEO..something like that.

Would help it holding grow quicker while also helping out that platform since it is a supporter of SPInvest.

One hand washing the other.

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@jk6276 72

over 4 years ago

I like that idea, but it'd probably need a vote. @silverstackeruk, what do you think? Diversifies the assets, multiple token flow, reduces reliance on delegation, but a small deviation from the original plan over powering up all STEEM from token sales.

Thanks for the suggestion, will tag on discord for more opinions.

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@shanibeer 72

over 4 years ago (Edited)

@taskmaster4450, @jk6276, it's an interesting idea and I'd like to see a proposal with some forecasts comparing investing in steemleo or moving steemp out of steem-engine into leasing, and what we know about steemleo and where it's going. Have we got any sense of projections about future earnings with steemleo? What value/volume of SPI tokens are being bought through steem-engine?

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@spinvest 75

over 4 years ago (Edited)

Guys, all monies from SPI token sales has to be powered up. That's how we back the token

What about using STEEM from the @spinvest saving wallet instead? as it's an investment.

@shanibeer - Token sales on the exchange are feast are famine

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@shanibeer 72

over 4 years ago (Edited)

Yeah, using equivalent monies from the savings wallet could wotk.
Still want to see a proposal, though.

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@jk6276 72

over 4 years ago

@shanibeer, @taskmaster4450, @spinvest.

My original idea was to just build this up steadily from 0 without really asking for any funds, beyong the spinvest leo earnings, and whatever delegations people offer.

I think we should run a few weeks as is, and assess the potential earnings from the results. I'm more keen for @spinvest's earnings to go to off-steem assets personally, but if there is a groundswell of requests to upgrade the @spinvest-leo account with extra investments, I'll look at putting together a proposal for consideration.

Thanks everyone for the great feedback, always delighted to kick around ideas and suggestions.

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@qam2112 63

over 4 years ago

Totally agree. Stick to the original idea. We shouldn't be investing in tribes. Else we should be investing in pal. Better still sct as thats holding better than these 2 put together.

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@underground 68

over 4 years ago

@shanibeer, @taskmaster4450, @spinvest.
My original idea was to just build this up steadily from 0 without really asking for any funds, beyong the spinvest leo earnings, and whatever delegations people offer

Best Plan!

I only want to mention one name here, and @silverstackerUK will know what I mean... STAX. If we start mingling funds from SPI into Spin.Leo it will create problems. I see only one or 2 minor problems with the Leo-side investment, and we can deal with those in the meetings. But for now, K.I.S.S. and work through this slowly.

SO FAR the only 2 problems I see are:

No Payouts (or votes for deli-gators)
What happens when this account is HUGE? (stax!)
No offense @jk6276 and I think you have a great start, your heart is in the right place. But these potential problems will doom the project if not tweaked early on.

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@jk6276 72

over 4 years ago

Glad you like the plan. K.I.S.S. works for me. As for the potential issues, here are my thoughts:

I didn't really expect alot of delegations to be honest - I promised no rewards beyond knowing you were helping the team out. I am happy to discuss options, and can set up something straightforward (autovotes for LEO content as discussed in discord). My plan for delegations was to use them for a short time to get the account off the ground, and then grow it self-sufficiently. My 5000 LEO delegation is in place till the end of the year, and I'll review after that. Problem 1 is a good problem to have, people want to help out, but this help comes with an opportunity cost (lost curation payouts).
Another good problem. I haven't formulated the long term goals of the account yet. I would think grow for a while, stake everything, and then at a certain point, start selling some of the earned tokens each week to return STEEM profits back to @spinvest main account. Problem 2 would also be a good problem to have.

All thought, suggestions and feedback is welcome.

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@underground 68

over 4 years ago

I will step up with heavy SteemLEO DELI once we get a path forward, or at least some steps that way. I see a great potential with the platform and it would be good to catch that wind for the SPInvest parent plan and the individuals as well. With the silvergoldbotty account (stax) similar issues were not addressed up front and there was a big rift later on. spin/LEO could actually achieve numbers good enough that it causes ownership issues, and I don't want to see that. It is YOUR Account and if we structure it properly there will be no questions. Plus, the option of DELI is "if you disagree, pull the DELI" as it always was. 👍

To reiterate, I think everyone has good intentions, I'm just pointing out potential problems in advance.

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@shanibeer 72

over 4 years ago

deli-gators sounds like alli-gators ...

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@underground 68

over 4 years ago (Edited)

🐊🐊🐊

🐻Shani-🐻Bears 🐻

is their favorite game! 😱

Yup that is what goes thru my head 🤣

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@shanibeer 72

over 4 years ago

heh, heh :)~

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@underground 68

over 4 years ago

yeah it's a little cray-cray 😋

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@shanibeer 72

over 4 years ago

Hi, thanks for this update and for looking after the Club's interests in steemleo. Would it be possible for the update to have a similar format to the @spinvest reports, with each up date showing three tables:

weekly earning (plus column with last week's earnings)
holdings (plus column with last week's holdings)
delegators
Many thanks :)

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@jk6276 72

over 4 years ago

Thanks @shanibeer for supporting this initiative. Ill work on the report format for the next one on tuesday.

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@spinvest 75

over 4 years ago (Edited)

Hey bro, fantastic update post. I've had a buddy that's like the idea delegated 2000 leo's. I dont even think he owns any SPI tokens. lol. just incase you see it coming in and thinking, who's this?

I'll try and ship from the @spinvest account to the @spinvest-leo on the same day as the holding's post is released. Make it weekly thing, nice and simple and not the work :D

Also, it's looks like you have anything in control and have a grip on what your doing. Happy days, no work for me :D LMFAO.

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@jk6276 72

over 4 years ago

Hey, an extra delegation sounds good, the more the merrier. Whenever you want to send the spinvest leo earnings over is cool once a week (maybe mondays?) Works fine.

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