Hello SPIers. Just remembered I have not out a post this week for SPinvest. I dont have much to say but I like to always get a post upload midweek. Anyways, this week has been making myself busy doing almost nothing.
I have been chatting with Ray from Brofund about a possible collaboration for the past 4-5 days. Ray is looking to create some sort of exchange on HIVE and im looking to create peg tokens. We came up with plans to create a financial hub on HIVE. Think of exchange on its own sidechain where operators can create investment tokens with the option of adding things like dividends, miners, distribution, etc during token creation. These tokens could be created to be like SPI, BRO, DEFI, LBI, CARTEL, INDEX, INCOME and EDS straight out of the box. The exchange would be categorized into different asset classes. 1/Tokens ran my HIVE project operators, 2/pegged tokenized stocks and indexes, 3/pegged tokenized commodities and 4/pegged tokenized Cryptos. We manage the peg tokens and provide 100% liquidity. It's just an idea that is likely to turn into nothing but we look into 50 things to go with one.
Ray has built up a good team of devs and coders and if he's looking to do a collab, we (SPI) should take full advantage and try to create something special. It would be alot of work but if it works and we can do decent volumes, my time could suddenly be freed up. Anyways, first and foremost, we gotta figure out how much it would cost and then guess what out possible earning potential would be.
For under $10k, we could piggyback off hive-engine and have our own website with keychain wallet connection. Users could create new tokens using our options (smart contracts) and we could display tokens already on hive-engine.
For $20-30k, we could create our own sidechain not connected to hive-engine with keychain wallet connection. This would mean tokens like SPI, BRO, DEFI, SEED, and LBI would all need to relocate from the hive engine to our exchange. On our exchange, they would be offered way more exposure and added to a flagship exchange index token. Would be like a stock getting added to the SP500 for something which means lots more volume for tokens (in theory).
For $100k+, we could build out BSC. Both SPI and BRO are going up in the world and both have connections to source devs and partner with at least 3 different other yield farming projects. We make it on BSC but peg to exchanges currency to HIVE. This would be big boy stuff and I dont think we are there yet plus and this is the big plus, we could never fund this. With that said, I believe that with something like this, we could get a $5 million + locked value through partnering with other projects. Sadly its a dream for now or until we get SMT's. lol.
Anyways, I was supposed to only write 6-8 lines about that. I just get excited when planning stuff, researching and seeing things are looking good. Im sure we'll hit some bump in the road we can't get over. I also worry about the legality of it all, SPI is one thing but hosting pegs of stocks, gold, oil and stuff is another. Anyways, just an idea we were playing with. We will have an SPI and BRO collab someday, I hope its this but we'll see how the works out.
Oh, I just remembered that I have created an SPI badge. Well, I have done everything and im waiting to get it approved and done. So hopefully over the next few days, you'll see when on either peaked or Leofinanace that you have a new badge in your profile. The process was actually pretty easy using this post here.
In other news, still waiting for the price of ETH to drop more. It's been floating around $1300 for the past week are so which was expected after a big drop. Im waiting for $1050, I believe it'll go lower at some point over the next 24 months but $1050 gets us 20 ETH and that would be fantastic.
I im waiting for 1 more thing to arrive before I will start to ship out SPI merch packs to people that hold over 1000 SPI tokens. I have got enough stuff to make 25 packs and we have 16 people that hold over 1000 SPI so there will be some leftovers and we could lotto style them off to SPI tokens holders that hold between 250-999 SPI tokens and agree to pay for shipping. I know alot see this as a waste of money but we'll see if the ongoing incentives will add to SPI's rep and maybe bring in new people. Most of our biggest token holders have been here from the start and without their seed money back then, we would not be in the position to offer such things today. Im looking forward to seeing a few unboxing posts, its easy content :)
