Genius are brain fart?
Hello and welcome to this SPinvest post
SPinvest is a tokenized investment fund/club for all users of social blockchains. Everyone is welcome! The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. This lets SPinvest offer an ROI of 20% per year on SPI tokens. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from @spinvest are through the steem-engine are dex.steemleo exchanges.
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Just throwing this idea out there
SPinvest's last STEEM power down will come next week and we'll have some money to invest. Ive not put much thought into this but what about the idea of a token backed by exchange tokens?
There are lots to pick from and i personally think that a lot of exchange tokens are undervalued considering they are all actually have working services and not a pipedream. There is Binance, Huobi, Kyber network, Kucoin, Bitshares, Bancor, 0X and more than that.
We could pick the top 3-5 tokens, basket them together to create a $1 token are something. Sell, sell, sell and stake all the exchange tokens that we buy to back the new token. Boom!!!, passive income :)
Thoughts?
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SPinvest's content is contributed by @silverstackeruk, @underground, @no-advice, @metzli and @taskmaster4450.
Today's post comes to you from @silverstackeruk
I believe it can be a good idea!
I decided to start to invest in your idea, bought 2 SPI this morning. :)
Cool, welcome :)
How you distribute the profit?
Welcome :)
sounds like a very good idea. I am in 😊
Cool, might make this happen
I have bnb and kucoin both doing well.
Have a look at bnb then putting it in the lending apr is low but for long term not bad.
Recently bought probits own token seems to be on a nice steady upward rise.
They list steem and hive so easy enough to do
Yeah, i think BNB is the gold for exchange tokens. The staking rewards will be the icing on the cake
Good idea in the long term I think ...
Could be worth a go and not alot of work to set up
I'm in. I thought you were looking to ease your workload.🤔 Would be a nice diversification for Spinvest to hold a stake in this.
What sort of roi is on offer from these exchange tokens?
Just a little bit of tracking. Sell them at a 5% premium and then offer a 95% buyback for 1 weekend every month are something. And then whatever staking rewards we get as well.
The excitement in the comments leads me to believe that this is a good idea, but the honesty in my brain tells me that I do not understand exactly what you are proposing here.
Are these interest earning platforms? If yes, are they like HIVES where we earn a percentage of the inflation or are they interest bearing by lending money?
How exactly do these work.
I am excited about this as this was one of the original reasons for joining the club, to learn about new (to me) investments like these.
You're honestly sometimes makes me lol. That's a good thing :D
Each token would be backed by 4-5 exchange tokens. There's no dividends for token holders, the purpose of the token is simply to offer people a chance to own some exchange tokens.
Im writing today's post about it so check that out as well if you get time.