I wanted to outline how this program will handle the SPI token split likely to happen in the next couple of days. If you are not aware, @spinvest will be issuing tokens to everyone that currently holds SPI (I think a 25% issue is happening, but @silverstackeruk is managing that process.) This means we will all have more SPI tokens, and be a little closer to the magical 1 million sold.
As a result of this split, the sale price of each SPI will be reset back to 1 STEEM with an asset backing just a bit lower than that. This directly affects the returns from this LEO delegation program as we pay out a fixed rate of return for delegations.
At present we pay 1 SPI per 1000 LEO delegated each week - on any size delegation rounded to 2 decimal places.
To maintain the existing payout value, I would have to change that rate to 1 SPI per 800 delegated.
There has been a fairly common thought process that this LEO account has been paying out at too high a rate. Too much of our earnings has been sold to pay for SPI rewards, and not enough profits retained to grow the asset base for the long term.
Personally, I am aiming to gradually move the account to approximately 50% of profits payed out, and 50% retained. As a guide, last week was 57% payed out, The week prior was 59%.
So, for this week (the token split will happen mid week for our purposes) and January, I will adjust the payout rate to 1 SPI per 900 LEO delegation. This should help increase our profit, which means the asset base grows faster and the SPI tokens will increase in value a little bit quicker. I am working on increasing the returns this account makes with alternative tribe tokens, without impacting the primary LEO income. I'll have more info on this initiative in a separate post soon.
I plan to review this rate at the end of January depending on how the performance tracks. If anyone has any questions or concerns, please feel free to ask here or on discord.
If you have not heard of @spinvest-leo before, what we do is accept delegations of LEO power, and pay a weekly passive return with SPI (spinvest) tokens. The return is calculated on 1 SPI per 1000 LEO delegated per week. Any amount over 10 LEO can be delegated, for a weekly payout. The main @spinvest account transfers it's LEO earnings to us for now to assist the growth of this account. The asset base we are building here from surplus earnings above the mining payouts are added to the Spinvest asset base, increasing the value of the tokens you earn.
Thanks to everyone supporting this program, especially the delegators: (please check your wallets to ensure the payouts have been made correctly, this is all processed manually and I am human :-)). Don't forget, when making a delegation, please DO NOT put the @ sign in, it leads to sinkholes appearing everywhere (or at least the delegation doesn't work).
@jk6276.leo, @shanibeer, @bucipuci, @oldmans, @preparedwombat, @underground, @silverstackeruk, @tbnfl4sun, @qam2112, @melinda010100, @no-advice, @welshstacker, @crypticat, @ronaldoavelino, @conradsuperb, @sames, @metzli, @davedickeyyall, @mytechtrail, @elbrava, @lammbock, @ecoinstant, @silvertop, @elizabethbit, @banjocat, @cochiti, @coreyb, @cottonlion, @wapitielk, @steemitcuration, @yonnathang, @dera123, @invest2learn, @ecoinstats.
New delegations, or increased delegations always welcomed. You can delegate any amount, however 9 LEO would be the minimum to receive a weekly payout. If these are you first SPI tokens, feel free to ask any questions and check out @spinvest for more information.
Supporting the following accounts will support the Spinvest tokens growth:
@spinvest - the main account.
@spinvest-leo - this account.
@spinvest-votes - separate account to coordinate club member votes on a regular basis.
@spinvest-neo - Account for NEOXAG delegations.