Spinvest-Leo Update 10 - steady week, @spinvest-neo excitement, more delegators.

in #steemleolast year

We have made steady progress here this week for @spinvest-leo. The report is for 6 days, due to last weeks post being delayed Despite being down a day, we have still grown and built the asset base for another week.


spinvest logo.png

The biggest news for the LEO account this week is that we have added 10 new delegators to the list, making a total of 30 LEO token delegators mining SPI now. This is hugely exciting for me, despite the slight increase in admin as a result. Please check your wallet as the token payments are a manual process. I think almost all of the new delegators are also new to SPI, having never owned this token before today. I believe most of these new arrivals have found us as a result of the launch of the @spinvest-neo account and the backing and support of the founder, Mr @neoxian, as well as the awesome show of faith by neoxag dragons - most noteably @raymondspeaks.

Welcome aboard to all first time SPI hodlers - feel free to join our discord server and say hello.

This weeks income:

We received 146 LEO from @spinvest, earned 201.926 from post and curation and sold 280.318 to buy SPI and NEOXAG. Overall the account grew by a STEEM value of 30.384 to be worth 565.637 STEEM currently. Remember, that is for a 6 day week this week, not 7.

spinvest-leo update 10.JPG

This weeks Delegation payouts:

spinvest-leo delegators - 191119.JPG

Wait a second... Why buy NEOXAG? I thought this was the LEO account?

Yes, this is the LEO account, but we are aiming to add value long term. I am planning on building as a second asset base a holding in NEOXAG gradually. These Neoxag tokens will be powered up, and delegated to @spinvest-neo. The SPI tokens this account earns from that delegation will reduce how many tokens I will have to sell in the future to reward delegators. This will mean we can grow faster in the future, and/or improve further the mining return. I will adopt this method for future tribes that get a @spinvest-whatevertribe program launched.

Thanks to everyone supporting this program, especially the delegators:

@jk6276.leo, @shanibeer, @bucipuci, @oldmans, @preparedwombat, @underground, @silverstackeruk, @tbnfl4sun, @qam2112, @melinda010100, @no-advice, @welshstacker, @crypticat, @ronaldoavelino, @conradsuperb, @sames, @metzli, @davedickeyyall, @mytechtrail, @elbrava, @lammbock, @ecoinstant, @silvertop, @elizabethbit, @banjocat, @cochiti, @coreyb, @cottonlion, @wapitielk, @steemitcuration

New delegations, or increased delegations always welcomed. You can delegate any amount, however 10 LEO would be the minimum to receive a weekly payout. If these are you first SPI tokens, feel free to ask any questions and check out @spinvest for more information.

Supporting the following accounts will support the Spinvest tokens growth:

Cheers,

JK - aka @jk6276, @jk6276.leo and other similarly named accounts :)

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Blimey, we're compounding the compounding?!
Great to see an influx of delegators, welcome everyone.
Good job, JK (and all your alter-egos) :)

Yeah, I have an account for each personality...😜🙃

Compounding the compounding and then adding more compounding on top.

Hope you are on the mend.

Jk.

Posted using Partiko Android

Once you get some track record on the NEO/LEO setup I will do it too, I'm just not comprehending it yet and NEO has earned no LEO yet either 🤣🤣🤣 I do see a partial benefit of getting the twin votes from both communities...

It'll make sense over time. If I sell LEO, buy SPI send to delegators, it's a straight expense. On the other hand, if I sell LEO, buy NEO, delegate to you, earn SPI, I have still got an asset (the delegated NEO) and I use the SPI you send to me to pay (in part at least) my LEO delegators.

Dunno if that makes sense, I've been told my explanations need some work. It works in my head. 🤔🤯

Playing a long game with this move.

Jk.

Posted using Partiko Android

I believe it will work, and now we just need SPINVEST to do it as well?

🤩

Keep it up! I plan on continuing to slowly laddering into LEO thanks to this unique program!

Great to have you onboard. Unique, definitely. You are investing in a dynamic, growing tribe, and then using that stake to build a second, growing, asset.

Posted using Partiko Android

Delegated my NEOXAG over today.....I hope it helps to build value for the account and SPInvest.

It's going to be fun to watch the neo branch grow. The tribe have certainly embraced the concept.

Posted using Partiko Android

The NEO participation seems to be very good, and quick. By some metrics we are gaining on Leo quickly, but by token value I think we need to have about 10:1 delegation levels to be "equal" in the monetary arena. 🤔 Maybe more like 8:1 if these prices keep raising? I took some snapshot readings of Leo, Neo, Steem and SPI relative values. Right before I bought about 16k NEO in fact 🤑
I'd rather see both tokens appreciate in fact, like you I am in big for both 👍

I can feel the excitement growing!!!
So excited to be here and part of a growing community, !!!🤗

Successes. They are doing a good job.

I have a question : Is SBI working with backscratcher?