Delegate LEO tokens for FREE SPI tokens



Hello Steemleo, who wants free SPI token's?

SteemPower Investments and it's club is offering an incentive to the Leo community by offering up a mining reward for delegating Leo tokens to @spinvest-leo. The delegated Leo tokens will be used toward steemleo curation trails and to build spinvest's Leo token holdings. This incentive was announced a few hours ago in the weekly update post from @spinvest-leo. You can view the post by clicking here and see all the details. We are excited to have launched this having been thinking about about being able to offer something back to the steemleo tribe that has helped @spinvest grow over the past 3 months.

Steem powered investments @spinvest has been set up to offer an investment fund based on funding from STEEM POWER. Investments are funded through extracting value out of STEEM POWER and taking advantage of STEEM's high inflation rate. The aim is not to get rich quick; the aim is to build a safe portfolio of investments that will stand the test of time while insuring all investors starting capital is not at risk.

In a nutshell

- For each 500 LEO tokens delegated to @spinvest-leo, you will earn 1 SPI token per calendar month starting from the day you start your delegation
- spinvest-leo will use the delegated staked Leo's toward steemleo curation trails feeding it back into the tribe

At today's prices 1 SPI token is worth 6.3 Leo tokens. Over 1 year you earn 75.6 Leo which works out to be 15% per year. This does not factor in the fact that SPI tokens rise in price over time as more is earned by the investment club. This is an excellent way to earn SPI tokens for free that will only increase in value (in terms of STEEM) the longer you hold them.

SPI tokens are sent directly to your steem-engine wallet monthly


image.png
Below are steemconnect hotlinks that allow investor's to buy SPI tokens directly from @spinvest. Each token is currently priced at 1.15 STEEM and beside each link is the true STEEM cost to reduce confusion. You can also send any amount directly to @spinvest and i will issue you SPI tokens to 2 decimal places for the value of STEEM to send. All tokens bought directly will be sent to investors SE wallets within 24 hours but most likely much sooner.

10 SPI tokens - 11.5 STEEM
25 SPI tokens - 28.75 STEEM
50 SPI tokens- 57.50 STEEM
100 SPI tokens - 115 STEEM
200 SPI tokens - 230 STEEM
500 SPI tokens - 575 STEEM
1000 SPI tokens - 1150 STEEM
2500 SPI tokens - 2875 STEEM

image.png

|Information | URL Link |
|-|-|
| SteemPower Investments Introduction Post | Click HERE |
| SteemPower Investments Club Partnership Agreement | Click HERE |
| How to become a club member | Click HERE |
| How to convert SE tokens into SPI tokens | Click HERE |
| Join the SPI club Discord server | Click HERE |
| Join the SPI curation trail | Click HERE |
| What's best for the SPI Club? Centralized vs Decentralized | Click HERE |
| SPI tokens 95% buy back guarantee | Click HERE |
| SPI Club monthly Fiat to SPI token group buy | Click HERE |
| | |
| | |
image.png
All questions are welcome, please ask in the comments below


Comments 9


Thank you for posting from the https://steemleo.com interface 🦁

01.10.2019 02:47
0

Love the collaborative efforts, bringing two tribes together, and integrating the features of two quickly growing accounts. I think I’ll certainly have some leo to delegate, always looking to grow my SPI holdings !!

Keep up the solid work 💪🏻

Posted using Partiko iOS

01.10.2019 03:43
0

Glad you like it, once it all stabilises, then we will look at more options

02.10.2019 06:08
0

Wow, that's very exciting and all while I was asleep 😴
Can I just check:

  • the SPI rewards for delegating LEO are funded through SP inflation.
  • At the moment, this is about 100 SP per month and could support delegations up to 50,000 LEO.
  • Is there a cap on LEO delegations?
01.10.2019 06:56
0

Its indirect funding. The new tokens will be issued for free. The mention of SP inflation is to show that this shouldn't dilute the SP per unit, if that makes sense. A cap wasn't discussed, but we can look at that if this plan grows too fast.

We think that this is a much better solution than an occasional upvote.

02.10.2019 06:04
1

I think it's a great idea and, as a LEO delegator, definitely more attractive than an upvote once a week (that's roughly how often I post in steemleo). I also think it's a great way to bring new people to Steem Power Investments.
However, I want to be clear what we're doing.
Fundamental to @spinvest is that each token is backed by Steem. Here the fund is giving away tokens, so the Steem to back them must come from somewhere - either from the return on investment or from growth through the inflation pool.

If we say that inflation currently brings 100 Steem a month or 86.95 SPI at current value:
If those tokens are distributed to delegators, what will that do to the value of the SPI token?
What income are we expecting from the 42,500 delegated LEO against the 85 SPI tokens a month and will that cover the value of the SPI tokens that are given away and maintain the value of the SPI token overall?
What is the effect of fluctuations in the value of LEO?
Over what timescale are we expecting things to happen and where is the breakeven point?

I have no problem about trying this and seeing how it works, but because tokens have to be backed by Steem, it is an investment of club assets.

02.10.2019 07:34
0

This is all developing quickly and I appreciate the points you raise. How would you feel about capping the new tokens issued at around 2/3 of the SP inflations, and adjusting it each month? That leaves some inflation in @spinvest for the primary goal. For October that would mean a cap of 56 new tokens. Delegations above this

Thanks for getting us to think through the details, I'll tag @silverstackeruk for any extra comments.

02.10.2019 15:54
0

Hi there, thanks for all the work you are doing on this :)
I'm just going to work through the figures, please let me know if any of your assumptions are different:
In the second weekly update report for @spinvest-leo:
Week 1 earnings were worth 53 STEEM (46 SPI).
Week 2 earnngs were worth 65 STEEM (56 SPI).
My understanding was that the difference between the two reports was due to better curation and an increased LEO value, and that LEO values could reverse.
The total LEO delegations for each week were 8,765 and 11,515. In week two, 2,500 of the delegations were only there for one day, so I've used net delegations of 9,015.
Over a month, of the 9,015 delegations, 8,500 LEO delegations would be eligible for 17 SPI payouts or 19.6 STEEM, approximately 8.3% of potential LEO earnings over 4 weeks (236 STEEM) or 7.7% over a calender month (256 STEEM).
From this, assumptions are:

  • the LEO account is earning sufficient income to cover the rewards for delegating and growing the fund.
  • in the short-term, there would need to be a significant drop in LEO value for this to change.
  • the above would continue to be the case, even when the SPI token is revalued.
  • at current values, each additional 500 LEO delegated has the potential to grow the fund by 15 STEEM per calender month, while costs to the fund would be 1.15/1.17 STEEM.

What I would like to see is that, at the end of each month, the amount of LEOs required to meet rewards to delegators is traded for STEEM which is transferred to the @spinvest account (or the LEOs are transferred to @spinvest and then traded) to purchase the equivalent SPIs for distribution to delegators. I appreciate that this adds the 0.02% Steem-Engine transaction fees to the process, but I think the @spinvest-leo account can bear it :)

That way, the @spinvest-leo account is entirely self-financing and the @spinvest account continues to have every SPI token issued backed by Steem without using either income or inflation assets.

03.10.2019 07:51
0

@shanibeer, your numbers are broadly similar to what I came up with. Your suggestion that the Leo account sells a few tokens to buy the SPI tokens was exactly my first suggestion to the boss man. Maybe have to tag him on discord to jump in here, or hold a member vote. I'm happy either way and would be happy to trade a few leo to buy the SPI rewards. Your right unless LEO tanks, the curation is alot more than the SPI cost would be.

03.10.2019 09:45
0