RE: Changes I must address before payout
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I am interested in potentially delegating a chunk of NEOXAG for receiving the payouts. Do you still take them and what's the best way to do it? What is the return per 1000 NEOXAG?
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Hello, Mr. Goliath
Back when neoxag was running $0.0035 or so, we were getting good returns (steem) for a month. SPI was equal to one steem too. But 2 things have happened, SPI has more than doubled and NeoxAG is down, so payouts are down but not as bad as it looks on the surface, because EARNINGS are way up from that point as well. Let me run a current figure for you and try to put it in context of ll the various prices (higher SPI, lower Neo) In fact, the last batch of SPI I bought, it was over 2 steem cuz I got 31.61 SPI for 74 Steem. 2.34 Steem per SPI, so SPI was running right near 40 cents when those were bought.
We are on track to blast through 30,000 neoxag earned, on 701, 000 delegated. Plus I have to add another 26,000 my self, I buy the neoxag for a fair market price instead of 'taking whatever the buy orders are' and also that way I do not crash the market price of the token.
35,000 on 700,000 is 5% returns, and we are darn close to that rate... 5% a month is an awesome rate of return! I'd say we are going to be above 4% for sure this month. CLoser to 5 but we'll see!
Do I have to have SPI as well as delegating NEOXAG?
Or just delegating will get me NEOXAG earned?
Is it paid out weekly and does it get sent to our accounts?
Monthly Payouts, you only need to delegate neoxag, and spinvest tokens (SPI) are the rewards. Sent directly to your Steem Engine Wallets.
Everyone gets the same 'rate of return', if you have 1,000 DELI or 100,000 DELI. But of course, the 100,000 will make more due to the bigger investment.
Sweet! Will look at delegating sometime soon and looking forward to the NEOXAG being on Hive Engine as well.