#saturdaysaversclub | SPI Subscription Savings Plan | Week 8 Report
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The SPI family. Check the Earnings and Holdings Report every Sunday on the @spinvest account.
SPI Price 28 April 2024 - 5.36 HIVE.
The Saturday Savers Club's first subscription savings plan!
The SPI subscription savings plan was launched in February 2024 and applications to join closed on Friday 8 March 2024 . This post is a short update after the plan has been running for eight weeks to report how everything is going. Below this week's report, you can see the allocations for each of the subscribers, arrangements for paying the weekly subscription, the release dates for each round of SPI and information about the SPI token.
Week 8 Report: Sunday 5 May 2024
Everything is working perfectly and the second SPI payment has been distributed to the subscribers. Checking subscriptions was very easy with the recurring payments: subscribers who were on target were showing 32 payments to come. (Everyone is on target)!
As reported in Week 2, there was one subscriber who set up an incorrect number of recurring payments. An additional catch-up payment was made during the first two weeks and recorded here in the Week 2 report.
This is manageable in the pilot as we are working with a very small group of subscribers, but it would significantly increase the work for the operator if there were many subscription anomalies to keep track of.
Checking payments, distributing SPI and writing the post took less than forty minutes - that's where we need to be.
Many thanks to all our subscribers - please check your wallets for your SPIs!
Subscribers
This was an exclusive SPI sale for people registered on the Savers Chart on the weekly Saturday Savers Club post. It is one of the benefits of being a member of the Club along with the chance to:
- have your savings posts picked for Saver of the Week and be sponsored for HSBI by other members of the Club.
- take part in challenges like HPUD and No Buy Months.
- win EDS tokens for taking part each week.
It is a mutual club where members support each other in their savings journey by commenting and voting, where you can, on other people's savings comments and posts. It is low-key, supportive and inclusive.
Saturday Savers Club 2024 Launch and FAQs
Saturday Savers Club | 2024 Savings Options
Allocations
| Subscriber | No of SPI | Weekly Payment for 40 Weeks |
|---|---|---|
| @arc-echo | 30 | 3.39 HIVE per week |
| @bulliontools | 30 | 3.39 HIVE per week |
| @crypticat | 30 | 3.39 HIVE per week |
| @dbooster | 30 | 3.39 HIVE per week |
| @dkid14 | 30 | 3.39 HIVE per week |
| @ifarmgirl | 30 | 3.39 HIVE per week |
| @justclickindiva | 30 | 3.39 HIVE per week |
| @libertycrypto27 | 10 | 1.13 HIVE per week |
| @noctury | 30 | 3.39 HIVE per week |
| @riandeuk | 20 | 2.26 HIVE per week |
| @successchar | 30 | 3.39 HIVE per week |
Saturday Savers Club's first subscribers! Thank you for taking part.
How to Pay Weekly Subscriptions
Please transfer weekly subscriptions to @eds-holdings.
You can use the wallet in peakd.com to set up recurring transfers.
The first subscription is due by 18:00 UTC on Friday 15 March 2024.
When you transfer your first subscription, set up recurring payments for 40 transfers every 7 days (168 hours). The first one will transfer immediately.
Weekly transfers will be:
- 1.13 HIVE for 10 SPI
- 2.26 HIVE for 20 SPI
- 3.39 HIVE for 30 SPI
Here's a screenshot of the Recurring Transfer window:
The weekly transfers will run for 40 weeks, with the last one due by 18:00 UTC on Friday 13 December 22024.
The weekly transfers will be checked and, providing transfers have taken place, SPIs will be released every fourth Sunday.
Defaulting Subscribers
Any subscribers who default may, after any paid-for SPI have been transferred, be excluded from the plan. Any remaining SPI from their allocation will be returned to the pool.
The aim of the pilot is to have a hassle-free subscription plan which can be used for other projects in the future. It is the responsibility of subscribers to ensure they can make their transfer every week.
Release Dates for SPI
| No | Date | |
|---|---|---|
| 1 | Sunday 7 April 2024 | Distributed |
| 2 | Sunday 5 May 2024 | Distributed |
| 3 | Sunday 2 June 2024 | |
| 4 | Sunday 30 June 2024 | |
| 5 | Sunday 28 July 2024 | |
| 6 | Sunday 25 August 2024 | |
| 7 | Sunday 22 September 2024 | |
| 8 | Sunday 20 October 2024 | |
| 9 | Sunday 17 November 2024 | |
| 10 | Sunday 15 December 2024 |
More About SPI
SPI is a growth token which is now in its fifth year of operation. The fund is managed by @silverstackeruk.
The original fund value was 13,000 USD in 2019 and was valued at 177,175 USD on Sunday 3 March 2024. The fund is hard-capped at 94,000 tokens.
The fund has over thirty investment streams with currently roughly 75% in HIVE, 10% in Hive-Engine tokens and 15% in off-Hive investments including ETH and non-crypto investments. The fund aims to grow by 20% this year. It has plans in place to take advantage of changes in the external environment including the BITCOIN:HIVE and the HIVE:HBD ratios over the next eighteen months. The fund provides an earnings and holdings report each Sunday on the @spinvest account.
SPI pays a small dividend in HIVE each week, roughly equivalent to 9.6% APY, but this is not the main purpose of the investment fund.
SPI has a 95% buyback guarantee.
SPI is a long-term savings investment.
Posted Using InLeo Alpha
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