Everything is going to plan....
Welcome to the INCOME Synergy Fund. I firmly believe that nobody else on HIVE does what we do, the great solid way we do it, and has such potential for the future. But today I want to start from the beginning and go over it all. A definitive post about INCOME token and the Synergy Fund, and what are our "value propositions", all 3 (+1) of them!
So strap in because 2025 is going to be a banger.
INCOME Synergy Fund: Synergistic Membership Fund backed by high-quality projects on HIVE
What is Synergy?
Synergy is a strategy that I began to develop and put in practice 7 years ago. It defines our investment philosophy and encapsulates our internal dialogue. Read this post and especially see the final bonus section for more context clues.
On to the measurable stuff!
1. Growth Token measured in Net Asset Value (NAV) / Asset Backed Value (ABV)
INCOME started indexed at 1 HIVE per token, with 10k tokens in circulation. We have grown to ~150k HIVE Assets under Management, with ~12800 tokens in circulations. This doesn't happen by accident. Asset Backed Value (or net asset value) needs to be baked into the model from the beginning. Or you end up upside down and underwater in the only moments that matter.
When you hold INCOME token, you are getting exposure to my extraordinary skills in squeezing juice. Over the years I have developed and improved my valuation methodology; and I have even made people uncomfortable with the ruthless way I execute my valuation determinations.
But, the results speak for themselves. Although I have thought about it a lot, I still never feel bad for "providing liquidity", no matter how other people interpret it. I never sell what I consider to be underpriced.
Many people might not have understood why we were focused on increasing our "hard HIVE backing" over the last 2 years. I wonder if they are still thinking about it?
Not including hive-engine positions or other "alt-protocol" shitcoins, each INCOME token has at least 10.6 "hard HIVE" backing. I don't mind buying them undervalued either.
2. Solid and growing divs
If part 1 celebrates @ecoinstant's talents, here we surely must celebrate @thecrazygm's. There is no one better and more trustworthy, and he handles all our automations and surprise issues. We will change the world, but don't forget we already did it by building the best token on HIVE.
INCOME token very rarely misses its daily divs, and also occasionally provides extra dividends by accident or to celebrate the holidays.
Last year we increased the divs 3 times if memory serves, and according to my calculator, at current pool price INCOME is paying 11% apr in dividends. It reminds me of what @silverstackeruk once said: "And we got INCOME at 5". There is no other token like this!
Wait wait... how are you paying so much divs and growing?
Okay let's stop here and explain. I debated whether to include this section but let's lay it out, maybe SOMEONE could learn something, today or in 100 years.
HIVE power can earn 10+%, but really not much above 13% apr. The math isn't mathing if most of our assets are in HIVE, we are paying out most of that in daily liquid divs at almost the same rate, and somehow we are growing?
This is an easy two-step, can you see the wisdom?
1. I don't pay myself divs.
2. I own almost 70% of this fund
Yup! It's leverage at work again! Working for you my dear friend and member.
Is this worth it to me? The short answer is yes but that's a break down for a longer post. If you'd like to read about it, mention it in the comments.
3. Membership benefits
And oh yes, we are not done! Members recieve additional benefits besides growth and dividends, and those are member benefits as featured in our daily Fresh Post Curation.
Holders can get their own posts featured or REBLOG their friends and favorite projects, the trail is nearing $2 - and we have once again upped the numbers to 24 fresh posts per day.
I use this tool to find posts and keep up with my member's lives and projects. It comes out at 9am my time and each post is guaranteed to have AT LEAST 2 hours viable curation time from that point. It makes me happy knowing no matter how active I am able or unable to be, the synergy fund continues supporting our members rain or shine.
NO OTHER PROJECT allows reblogs.
Maybe this is not as big a deal as I think. To me this is incredibly innovative. @melinda010100 has used it to great effect to support her community and various contests and as such has earned a place in my heart, something beyond membership. I can't curate shadow pictures, but I sure as heck can support Melinda doing it!
She has nearly a two dollar vote trail to share around as she sees fit.
There is no token like INCOME token!
You work for me, finding me valuable fresh posts. I make it worth your while.
One lucky curator each day also gets a HIVE SBI unit. This is a luck based draw and designed to not favor whales but actually be rando. Our program also grows by 1 unit per day in this way. Each unit has a cost basis of 0.5 HIVE, but if you click the link above you will see that they are overcollateralized to the tune of 0.91 HIVE per 0.5 HIVE unit.
HIVE SBI is a good example of a member project. We use them, we love them, we encourage others to use them. They don't currently hold INCOME token, but they are a larger member of the fund than most projects, mostly because they were one of the first, and time has great power.
If its starting to rhyme, there is no project on HIVE that does what HIVE SBI proposes to do with more care and consideration.
Bonus Value Proposition: Liquidity!
Well, here we are at the end. I think we can agree its a great token, right? Like, at worst, its great. Its probably the best, objectively.
But no one said that the universe worked in a linear way! This is something that I often ponder on when chatting with respected member @rycharde.
What a great token, let me sell it a bit.
Discard human emotions from your mind! They are only a distraction in this environment let me tell you. But today I want to end with a personal story, of a member of the INCOME Synergy Fund, @powerpaul of the Crypto Company CEO game.
A year ago or maybe a little more, I met with Paul. I did a deep dive into his project and what it was trying to do, testing for viability and capability. I even helped deliver a few things that seemed to be important at that time. Big vision projects often struggle with "next steps", and I mentioned that. After much talk we arranged a small swap of SQM for INCOME token.
HIVE is pumping, I know it and you know it. Paul, bless his heart, knows that friendship is worth more than money. So he came to me. He thinks he has an opportunity somewhere else, but is worried about how it would look, if it would hurt me.
Words mean things and as someone who takes some effort to attempt to say what he means, I know that I can come off as an asshole in discord sometimes; and maybe that could be translated to sarcasm at the worst possible time. But I wanted to make it clear for Paul.
With pumping HIVE overheating RSI, I would dump his token if there were liquidity. But as it stands, I consider it undervalued. And I don't sell things undervalued.
I hope Paul does get back into INCOME token, not for me but for him and his project. A project that holds INCOME token is more likely to be successful that one who doesn't, and I designed it that way.
But the point is - INCOME token is collateral, very good collateral.
And here is the bank with up to the second lending rates.
This seemingly complex interpretation of "dumping" has at its heart a unique trick - INCOME is indexed to HIVE. HIVE USD price does not matter to INCOME, internally at least.
That means no matter what HIVE is doing, I can be sure that I know when INCOME is under or over valued. My users are free to watch USD and speculate on the HIVE price - even use their INCOME as collateral - to make as much money as possible.
I will happily and confidently take the other side of the trade and cheer you on. I will be the bank of INCOME for you.
Paul is happy. I am happy.
Wait you are happy someone dumped your token?
Yes!
Think about it; I take no risk - I, along with other accounts, was able to buy all his INCOME at below the Net Asset Value. I provide the liquidity in the LP, and so made a swap fee both ways. He takes the risk that HIVE keeps pumping, although I think his timing was good. Probably he will make money, buy more of my token, and love me forever.
By building the best token on HIVE, there is no one who wins more than me.
