Hello SPIers, here we are on week 8 of the XV token sale with only 2 weeks remaining. Let's have a look and see how things are going so far.
What is the TOP 15 token? (XV)
XV is a 2-year HODL token. All HIVE collected from issuing XV tokens are converted into a basket of 15 cryptos ranked within the top 50 on coingecko. The token sale lasts for 10 weeks with 6 weeks remaining and each token is sold for 1 HIVE each.
After SPinvest stops issuing XV tokens, the remaining will be burnt and we wait 2 years. During this time, we HODL the basket, it gets rebalanced and as we enter into the next bullrun it should grow in value. After 2 years have passed, I sell the basket and convert it into HIVE. I work out the HIVE value per XV token and buy the tokens back on hive-engine to wind the project down.
SPI takes a 5% cut of the profits for actively managing the project for 2 years, rebalancing the assets, updating posts for investors, etc.
Buy low - HODL - Sell high
XV Token sale Update - Week 8 of 10
This past week, we did ok and were able to sell 1082. Thats cool but more would be awesome. This weeks HIVE collected from selling tokens converted into $443 which was used to top up our crypto basket.
XV token Basket allocations
First off we look at the Binance rebalancer that contains the top 10 crypto in our basket. Ideally, all 15 would be in this but it has a 10 crypto limit.
It's been a crappy week for crypto and for the first time, we've seen the dollar value drop. This week, the rebalance bot did 2 sell orders and 1 buy order. Selling BNB and BTC and buying DOGE.
Next is our remaining 5 crypto that are held in my spot wallet and being manually rebalanced.
I last rebalanced these about 12 hours ago and it looks like ARB is off running again. LINK performed well this week with the other 3 going with the flow of the market.
Current XV token price
Let's have a quick look and see how the XV is currently valued in HIVE. I dont have high hopes because were down a little bit in dollars but if HIVE is down more, we will have a gain.
Rebalancer = $3489.58
Manual Balance = $585.92
XV tokens issued = 9841.11
HIVE price today = $0.40
XV HIVE value is 1.04 HIVE
BUY YOUR XV TOKENS TODAY FOR 1 HIVE EACH!!
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