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RE: My thoughts on the future of Spinvest

in SteemLeo5 years ago

AS for selling LEO ech week and hurting the price of Leo, may you should pay out in LEO and let the delegators decide what to do with the LEO some will sell but I am sure some will not

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In theory, it's a good idea but i think the reality would be under 10% would convert the paid out Leo tokens into SPI tokens. Personally i would not be bothered with the effort, mining is passive income where you set it up and forget it. Your comment has given me an idea.

If JK has a target amount of Leo he would like the account to hold, say 10,000-20,000 Leo's, spinvest can provide the SPI tokens without spinvest-leo having to sell Leo tokens until that target amount is hit. The Leo tokens would in effect just become SPinvest's holdings. This would only fix the problem short term but the price may bounce back before that time. And, just an idea to float

Posted via Steemleo

I like this idea @silverstackeruk - in effect we would be issuing SPI in return for LEO instead of STEEM. Takes the pressure off selling but is it in keeping with the "fully STEEM backed" principles of the SPI token?

As for a target for LEO - 1,000,000,000,000,000 - hehe.

Seriously, no reason why we can't aim to be the biggest hodler of LEO. Right now that is DTrade will around 150K

Not a bad idea - it would take the pressure of selling LEO to buy SPI each week. People could choose from there. It would also reduce the impact of fluctuations in LEO price, as people could choose their own timing to sell if that is their plan rather than me having to arbitrarily sell 600 - 1000 per week.

Payout could be fixed at say 50% of income, and payed as a percentage of the total delegation.

Thanks for the input, something to consider for sure.

JK