Hello SPIer's, today we look into the newest SPinvest token XV and see how progress is going 3 weeks on from launch.
For full details about XV tokens and how they work please visit this link. In a nut, XV tokens are sold at 1 HIVE are 10 weeks, and all HIVE is converted into a basket of 15 cryptos ranked within the top 50 on coingecko. After 10 weeks have passed and tokens are no longer being issued, we HODL our basket of 15 cryptos for 2 years until we are back in a bullrun. After 2 years, I sell the basket of cryptos and convert everything to HIVE. From there, I work out the HIVE value per XV token and add a buy-back wall to the hive-engine.
There are 2 graphics below. The 1st one shows XV token's simple flow from buying XV to selling back XV in 2 years' time. The 2nd shows XV token prices, sell end date and XV token windup date.
Click HERE to buy XV from hive-engine
Now we have the boring stuff out the way, lets take a look and see whats been happening since launch 3 weeks ago.
Tokens sale have been ok, but only ok with selling around 2500 tokens. My hope is people will see these reports over the coming weeks and as they learn more and XV is introduced to new eyes we could do better volume toward the end of the selling cycle. As of right now, i have us marked down as sold 2521.40 XV tokens.
I have withdrawn all the HIVE onto Binance, converted it to USDT and from there it has been split into 15 different tokens.
Each week, i convert HIVE from XV token sells into USDT and this sheet tells me the dollar value of what i need to buy. I borrowed XV $242.58 from SPI to get it involved with Binances rebalancing bot. I had to borrow the money because the minamin amount the invest is $1000 and it can only balance 10 tokens so i actually needed $160ish more to cover the bottom 5 tokens. I understand that is a month full but you can see below.
The top 10 tokens in our basket by weight are currently being held in a Binance rebalancing bot. It's a shame they have a 10 crypto max because this works perfectly with many options to pick from. Options that on other reblancing platforms require a paid for membership to access. I am testing this out and im happy with it but its not for us long term because it can only support 10 cryptos and we can add a few hundred dollars to it each week, its more of a lump investment, set and forget it sort of thing.
The stats they provide are excellent. Here, have a look at the top 10 crypto we hold. These represent 85% of the XV basket and $1000 was invested into this bot.
This bot has been running for 6 days and i have it set to rebalance if any crypto moves up or down 1%. In 6 days it has made 1 transaction to sell a fraction of BTC. You can compare initial position against current position to see crypto being bought and sold. If you are wondering BTC is less and nothing else is more, this is simply because the rest have stayed within the 1% settings. The money from selling that fraction of BTC is part of a USDT balance that can be issued to top up a token that falls under 1% without having to sell another one if that makes sense. It's a very smart piece of kit.
Anyways, you can see so far that we are up $34 on this. The annualized yield is a random number, it was at 0% a few days back and at 4000% yesterday. I guess the longer the bot is active, the more accurate this becomes.
Below is snapshot of the bottom 5 cryptos. These all represent 3% each of the XV fund and these are being reblanced using a platform called Shrimpy. This platform rebalances cryptos being held in either an exchange wallet are offline wallet. The platform connects to your exchange/wallet through an API and secret key i generate and only gives permissions to convert/trade and not withdraw.
This platform will let us rebalance 15 crypos but is more limited to options for free membership. I have each token set to rebalance to 20% 1 time per day. I don't see XV being able to justify paying $14 a month for something we don't really need. The free option lets us rebalance daily which is plenty (i guess).
Looking at the XV token
Now you know what the basket looks like and how funds are allocated to each crypto, lets look at the XV numbers so far.
Total XV Issued - 2521.40
Total basket in $ - $1201.43
Total basket in HIVE - 2615.17
HIVE value per XV - 1.04 HIVE not sellable for 2 years and 7 weeks 😮
Click HERE to buy XV from hive-engine
FAQ's
Will XV tokens pay a dividend?
Nope, because HODLing does not generate an income and any yield is 100% based on the cryptos we buy increasing in value.
Can I cash out early, before June 2025?
You will be able to sell your XV tokens on the open exchange where the price will be determined by the market and pool of buyers at that time.
How can I track the progress of my XV investment?
Monthly reports will be uploaded to the @spinvest account showing the crypto we hold, their allocation to the basket, month to month and overall growth charts to be as transparent as possible.
Can investors decide which crypto to invest in?
No, the basket will be decided on by @silverstackeruk on behalf of SPinvest. I have seen from past results that public voting is not the best form of selection for investment. Im not Warren Buffet but I think I have a level enough head.
Are there any fees to pay?
SPinvest will collect a small fee of just 5% at the buyback stage in June 2025. For an actively managed fund, 5% for 2 years is decent and SPI has to get a cut🤑
Why end is June when crypto peaks at a year-end normally?
The make a long answer short. Paying out in June lets me pay out more HIVE back to investors.
Smaller market cap tokens will see their price increase harder toward the end of the bull run so BTC could 5x and HIVE might only increase by 50% in the first 9 months of a bull year. When BTC growth slows to increase say to 50% in a month in the last 3 of the bull year, HIVE might be hitting its peak momentum and could 10x.
So I'd like to pay out HIVE earlier so I can pay out more. Paying out more is what investors will remember in the future. We all know how much HIVE we have earned from this and that but we rarely remember what the $ value was at the time.
Can I take my crypto at the end of 2 years instead of HIVE?
Nope, all conversations will be done in as little numbers of transactions as possible and sending out 15 crypto to each investor that requests it would cost an arm and a leg in fees and be alot of manual work. We buy in with HIVE and we cash out with HIVE 🤑
Are XV tokens legit?
As far as the HIVE blockchain goes, SPinvest is the gold standard for investment tokens with almost 4 years of experience and 4 successful projects under our belts. Everything released under SPinvest is backed by assets and in this case, 15 top-ranked cryptos. You can take XV to the bank 🏦
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token | @spinvest | SPI |
| LBI token | @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners | @eddie-earner | EDS |
| EDS mini miners | @eddie-earner | EDSM |
| EDS micro miners | @eddie-earner | EDSMM |
| CUBlife | @lbi-token | CL |
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