INCOME update - positioning and 25% divs increase

I am often reluctant to do too many posts about INCOME token - it exists, it does its thing(s), and those who know, know. In some way it makes me happy to be respected by some, and unknown by many - for having such a strong, long lasting project.

But recently there have been some updates, and I will be implementing another this weekend - so its time for an update post. See the previous update here

First, on some market moves - I did some napkin math, not really fit for a post because many of our assets are hard to value and a bit speculative, and came up with 11.2 HIVE per INCOME token as a NAV. So I bought the rest of the INCOME for sale at 11.

Then, some guy named brutus seems to have dumped his stack. Which, is fine with me, I bought a bunch more between 9 and 11. The pool today sits at 10.98 HIVE per INCOME token, once again.

And I have 8720 INCOME tokens. There are only 14,000 of these minted. What's more, there are 955.7 in the pool which are owned by @ecoinstats, the fund account - these are out there, but they are not really 'in circulation' (and if you consider them to be, then they are also 'backing' themselves, leaving the NAV consistent either way). Which means I hold 66.84% of the INCOME fund.

Why?

I see no problem with this. To me, now is the time to buy cheap INCOME in dollar terms. I know what strategy the fund manages, in fact I manage it - so obviously I am a prime candidate for trusting the manager/management. I use my real name, reveal my real location, and even invite people to come visit me.

This is what I am doing with my money. Between INCOME and ECOBANK, this is what I am doing, and most of my personal crypto net worth is here. I have a few other things, and often have to squeeze them when I need money - but these projects are the lifeblood of what I do. And I am proud of what I do.

Curation Digest

One continuously unique thing that INCOME holders can do is help us with our decentralized curation digest, either by reblogging valuable posts or creating them. Each day on @ecoinstats you can see the results - immediately fresh posts selected or created by our members that are ready to be reviewed by you for possible curation voting. (We keep it fresh by selecting only posts less than 22 hours old at the time of posting).

Since we have been powering up HP, our vote value has been going up (and we have a trail of votes following us!), but just in the past few days I reviewed some numbers and delegated out a bit more HP, so our main voter is slightly down again.

Here are our current delegations:

We have sent 3k to both @hiveupme and @helio.voter - these programs seem to have outsized returns based in HIVE which the program is enjoying. And we have also upped our delegations to HIVE SBI by 10k HP, which I will talk about more in the next section.

The last delegation, to @dkid14, is a private deal whereby which he pays us monthly in HIVE SBI. We are still accumulating these units, and will do this for at least a few more months, time will tell.

Increased Divs

One issue with increased NAV price is that the same daily divs, measured in HIVE, result in lower APR numbers. I think we have successfully completed the 11 HIVE per INCOME token rung of this ladder (and I don't necessarily expect to climb much higher in the near term), and we have been consolidating here quite nicely.

So its time to consider the divs. Since divs take away from growth, its not something I take on likely, probably this will be the level we stay at for a while. Let's look at the current numbers:

These numbers crunch out at 6.6% apr, and we are now going to increase this by 25% - sending 10 HIVE out each day instead of 8, which should put the daily divs APR number back to around 8.25%.

This is the main reason behind the increased delegation to HSBI program, as they pay us out in liquid HIVE which makes it much easier to keep the HIVE on hand for the dividends.

I will remind you all, finally, that this incredible set up is possible precisely because, I don't take divs and - as I reviewed at the start - I own most of the tokens. Leveraged returns, responsibly. Thank you to all members of the INCOME synergy fund - for your trust, for your energy, for still being here!

Freedom and Friendship