August's SteemPower Investments Fiat to SPI token is complete - Almost 1000 SPI's issued
Hello people and like minded investors. Things are really started to heat up with another recent surge in SPI token sales due to STEEM dropping down to the 19-20 cent range. To take advantage of this i hosted the first Fiat to SPI token group buy. There were 3 investors that took part and now that the exchange is complete, they have already been sent their SPI tokens and transaction complete. In this post i will show screen shots of each key point and show how we go from Paypal to SPI tokens is less than 10 minutes with a few clicks of the mouse.
Steem powered investments @spinvest has been set up to offer an investment fund based on funding from STEEM POWER. Investments are funded through extracting value out of STEEM POWER and taking advantage of STEEM's high inflation rate. The aim is not to get rich quick; the aim is to build a safe portfolio of investments that will stand the test of time while insuring all investors starting capital is not at risk. Full details can be found here
Round up of August's group buy
This being the first i was no expecting big numbers but getting £176.50 from 3 investors is not to bad when considered this to be over 1000 STEEM in today's prices. This group buy in the future could provide SPI with additional token sales in the thousands if enough people become committed to saving even a small amount of fiat every month into SteemPower Investments. Let's get on into this here....
Step 1
Check the paypal balance. The total balance is £176.50. This breaks down to 150 in pounds, 4.03 pound in dollars and 22.47 pound in euro's totaling 176.50. I withdraw this money and it takes a few minutes to arrive in my bank account.
Step 2
I head over into my wirex account and upload £176.50 into my ETH wallet. This sort of annoy's me a little as we are about 2 penny's away from getting exactly 1 complete ETH but hay hoo, what's the difference. .998706 is what we got.
Step 3
Now we have our ETH we need to ship it over to Binance to convert it into STEEM. The fee is 88 pence are .005% which is acceptable.
Step 4
After a few minutes, the ETH has been confirmed and arrive's safely. I head straight to the STEEM market and place an order at market price for speed. The order is filled within 2 minutes. No more fees to pay after this step :) Sorry if this pic is small, you can right click and select open picture on new tab to see it bigger.
Step 5
Time to move that 1081 STEEM over to the @spinvest account. There actually was one more fee to pay which was 0.1 STEEM so whatever.
Step 6
Wait about 3 seconds for the transaction to confirm and there it is in the @spinvest wallet. Pounds, euros and dollars into STEEM in under 10 minutes ready to powered up and converted into long term investment SPI tokens. Bring new STEEM into the ecosystem and locking it up by powering it up. You dont need to burn STEEM to boost the price, you need to power it up long term!!
Final Step
Now the STEEM is int he SPI wallet, we need to issue out the tokens. First i figure out how many SPI tokens 1081 converts to. It's easy to work out o answer of 983. Next we need to break down the pool into percentages for each investor.
1st Group buy done and dusted
This is a win in my books. Qam does what some liquid STEEM but even still im still sure this will result in over 500-600 new SPI tokens being issued. I look forward to doing this again next month but some may have missed the boat on 19 cent STEEM by then and it could be up at 25-30 cent. We never know and that's why buying regularly breaks the good times and the bad. Thank you to @olsmans, @samsemilia7 and @qam2112 to be part of the 1st group buy hosted by @spinvest. I will do my best to grow your investments.
Coming tomorrow and the day after
I will be posting the weekly earning post tomorrow which will include all teh most up to date information about new lease requests we've filled and upping delegation to @tipu to earn more tokens. After tomorrow i will release the weekly SteemPower Investments total holding post. This week i have decided to add in the tokens true value into this post and this will give investors a better insight and be able to witness SPI's growth.
How to buy SPI tokens
Below are the new steemconnect hotlinks that allow investor's to buy directly from @spinvest. Each token is priced at 1.10 STEEM each and beside each link is the true STEEM cost to reduce confusion. You can also send any amount directly to @spinvest and i will issue you SPI tokens to 2 decimal places for the value of STEEM to send. All tokens bought directly will be sent to investors SE wallets within 24 hours but most likely much sooner.
Convert other steem-engine tokens to SPI tokens
Most of us by now earn a few different tokens through other steem front ends are have been airdropped tokens during launch ect. I have wrote a step by step post that shows anyone how to convert other steem-engine tokens into SPI tokens. You can learn how by clicking here
Get in contact
Discord Invite - Click Here -
I go by silverstackeruk#3236 if you would like to DM me
And the cherry on the cake
What do you have to lose? What token has a operator with so much faith they offer a 92% buy back
Resteeming is a wonderful way to spread the word and get as many eyes as possible on this. Let's get a buzz going
Great experience for me. As a relative newbie to all this, that was my first investment of fiat. Good for me to see how it all works. The only thing I didn't like was the $.99 fee for sending $5 through paypal. Maybe if I send more next time the fee won't look so bad. :)
Thanks @spinvest for all that you do!
No problem at all, thank you for taking part.
I have done many group buys in the past for the Steemsilvergold community so the whole process is routine for me and i think a great addition to SPI. Fee's are everywhere but it least we saved on fee's by buying as a group :)
Thanks man
I think the fee is because of dollars. My transfers were free. From £ to £
Posted using Partiko Android
Good point. I will have to check into that. Thank you.
Great first buy. It looks as if all went smoothly. Fab!
Yeah, all went well and done very quickly.
Congratulations on the first fiat buy. It is great to see each project within SPI coming off well.
The numbers are growing which is always fun. Simply using time to grow accounts is fun.
It's going really well and earning are starting to grow as well :)
Thanks to @qam2112 for burning 500 CT! You have been rewarded with a 50% vote. Your action makes this project grow and helps to restore a Clean Planet! Join us on our Discord Channel and on our website