Slow and steady wins the race and VIPService is growing every day. Last month I invested a large chunk of what funds we had left from the project into the PulseX.com sacrifice stage. With any luck this will immensely boost the project and we will funnel all of that back into various yield bearing assets to generate more cash flow for the VIP token. We currently have 18 more Hive Punks to offload which will provide some intermediary funding for the project until the PulseChain launches in a month or so.
The most recent changes to the VIPService project include adjusted voting strategies to allow VIP whitelisting for less than 100 VIP tokens. For example if you have 20 VIP tokens you will get a 20% upvote rather than the 100% upvote for someone holding a full VIP Pass (100 VIP).
VIP Token prices have also been lowered to more accurately represent their NAV backing. You can now pick up VIP tokens for 1.11 SWAP.HIVE on Hive-engine or Tribaldex.
Other than that the focus is going to be to raise funds, buy Dark Energy Crystals and compound our SPS earnings back into more principle capital. Then the goal will be to boost the HIVE holdings over time once we have sufficient funding to do so.
Through continue curation efforts, the expansion of our VIPService curation trail and posting I hope to keep expanding this project daily. Please join me and others around the world in making Hive a great place to hang out again :)
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