SPinvest Royalty Token update & who owns the hive SPinvest tokens?

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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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SPinvest Royalty Tokens

Hello everyone, i hope you are having a great day. Most SPI tokens holders and club members will be aware that the SPI token is making the move from steem-engine to hive-engine this coming Sunday but i have not put out any information about what is going to happen with SPinvest Royalty tokens so that addresses this in this post and get the information out there.

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What is a SPinvest Royalty token?

The SPinvest Royalty token is an exclusive token that is worth 100 regular SPI tokens and was issued during a 1-time sale to club members. Currently, owners of Royalty tokens receive 1 regular SPI token every 4 weeks for each Royalty token they hold. In short, if you own 1 SPinvest Royalty token and HODL for 1 year, you will be paid 13 regular SPI tokens (1 every 4 weeks) every year giving an ROI of 13% before factoring in SPI token price growth. Each Royalty token is backed by 100 SPI tokens that are held in the token owner's name by the spi-payment account so there are no worries about ensuring SPI tokens will carry over from steem-engine to hive-engine.

After we swap from steem-engine to hive-engine
After the token swap and airdrop is complete, SPinvest will still have 2000-3000 un-issued SPI tokens that will be split up and allocated to different things. One of those things will be ensuring that SPinvest Royalty tokens are funded for the next 3 years.

Currently, there are 29 Royalty tokens issued meaning SPinvest pays out 29 SPI tokens per month to holders. We can work out that 29 times 13 payments for per year times 3 years come to 1131. So, SPinvest will be reserving 1131 SPI tokens ensure royalty payments are funded for 3 years.

In addition to receiving the normal 1 SPI token per month, Royalty token holders will also receive a HIVE dividend every 4 weeks for the SPI tokens held in their name by spi-payments.

Every 4 weeks
1 SPI token per Royalty token owned plus HIVE dividend at club level

Any questions, please feel free to ask


Who owns the hive-engine SPI tokens?

@ericburgoyne

This badass won the auction to own the only hive-engine SPI token in existence (for now). He won the auction with a bid of 1.30 HIVE. If you are reading this Eric, please do not send any HIVE payment. I never wrote in the post about payment, i only asked for bids so well done my friend.
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12 comments
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Good to see the clarification and to see SPinvest making the shift over to Hive.

There is a lot of good stuff happening, so it is good for the club to branch out. A lot of ways to get a return.

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Man, I can't believe I missed out on the royalty token, you snooze and you lose!

lol, my bitmoji cracks me up!

Posted Using LeoFinance

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Someone might sell one sometime

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rofl I was just looking to send you the hive when I read this post. I was looking threw my hive engine and saw I had 1 spi so I was looking at this post again to see where to send it. Thank you very much. Happy to see we are moving the Hive block chain Again thank you very much

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Your currently own all the HE SPI tokens :)

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Looking forward to see the dividends start to flow. I only wish I had been able to buy more of these SPIR tokens when they were available.

Will the hive dividend for SPIR holders be monthly? Or will it be weekly like the normal SPI tokens? I'm a bit confused from the post - (doesn't take much lol)

Thanks for all your time spent on this @silverstackeruk, this new phase for Spinvest is exciting..

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I'll do the dividends for the SPIR tokens ever 4 weeks along with royalty payment. I'll be doing these ones manually and im lazy to do it weekly, lol

No worries man, the next phase is beginning

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I have an SPinvest Royalty token, currently in my Steem Engine Wallet. Do I need to do anything with it or can it just sit there and earn the SPI tokens and Hive dividend. I'm a bit confused by it since it's value is 0 in the wallet.

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Nah, you just HODL

The value is 0 because it's never been bought are sold on the SE exchange so it has no price

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