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RE: SPInvest Quickly Turning Into An Asset On Steem
So if I buy, the token, my only chance of profit is when steem goes up. I could just buy SP and auto lease it for the same effect, minus 3rd party token risks. Or am I missing something?
The value of the token, SPI, will increase to reflect the returns. The first re-evaluation was done at 10K token sales, when the price of SPI tokens increased from 1 STEEM each to 1.1 STEEM each (if bought directly from @spinvest) and 1.12 STEEM each through Steem-Engine.
You absolutely could do the same thing yourself - power up sufficient STEEM and lease for 20% returns. If you did it yourself, it would be the case that you would not have to consider 3rd party token risks.
I see, thanks for the explanation