Hello SPIer's, let's take a look and see how token sales and fund allocation are going for our newest token Top 15 (XV)
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
Click HERE to buy XV from hive-engine
XV Token sale Update - Week 7 of 10
The 7th week of the public offering is complete and we issued out 823 XV tokens this week that converted into £382. You can see below how the $382 is split up between 15 cryptos. With only 3 weeks left to buy in, im looking forward see how many tokens we can issue.
XV Basket allocation Update
Binance Rebalancer
Let's have a look at the Binance Rebalancer bot first and see how things have been going this week. Below is the top 10 cryptos in the XV basket. These are in an auto rebalancer on Binance that balances when any crypto increases more than 1% out of its set allocation.
This week, there were only 3 transactions and all on the same day. 2 sell orders for ETH and ADA and a buy order for BTC.
The profits already are very nice, more than 10% up and this bot was started on week 3 after a problem with Binance forced a restart. Since than this has been working really well and i think after the XV sale ends and the basket is relocated, i'll use this balancer for my personal stack.
Manual Rebalancing
That's have a look at our bottom 5 cryptos being held in the spot wallet. I manually rebalance those 1 time per week back into the allocated percentage. Its fairly easy, quick and cheap to do with an excel sheet.
This week, ARB mooned 36% and STX dumped 12% (biggest loser of the week in the top 100) and the other 3 followed the market and increased a few percent.
ARB mooned so much, i still had to sell some even after allocating this weeks split of XV token sales. STX had a great pump a few weeks back but has fallen hard and currently sits on the 50th ranked crypto.
Only 3 weeks left to BUY XV for cheap at only 1 HIVE each!
Click HERE to buy XV for only 1 HIVE
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