SEED funding round update: New minimum price is now 4$

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Hey everyone,

As I shared exactly a week ago, there's an additional round for new possible buyers on SEED on the 25.

Unfortunately for some, I have to increase the minimum price from 3$ up to 4$. All the other details keep the same.

Date: 25 of November, 12:00 UTC
Place: Hive-Engine
Amount of SEED to be minted: 3500 SEED
Minimum price: 4$ or a 33% premium on the latest 'backed value' price.

'Wow empo, such discrimination!'

Maybe some of you happy with $3.00 will see it as an act of greed.

Far from reality. I'm only applying my own rules. this is an indirect consequence of giving everyone 14 days of anticipation to prepare herself.

SEED is already working, things keep changing, presales keep flowing in, and Seed as a project is being a victim of its own success.

At time of writing:

backedvalues.png

DAO is beating the market and it's dancing around the 4,3$ mark. Our 'theoretical' backed value is 209.000$. But that's not entirely true.

Can you see the -7900$ worth of BUSD figuring as a negative balance? It's a 'loaned' amount by myself which IS ALREADY locked and loaded on presales and waiting for the new tokens to land on the open markets.

There's a high probability that these 7900$ turn into 79.000$ in paper value in less than a week (depending on listing times and all this kind of stuff outside of our control).

79K less 7,9K (to repay me) and we have 71100$ worth of 'value' coming to us.

209K + 79K = 288K

288K / 86,5K (SEED CS) = 3,32$ /SEED

So, according to my own rules, I'm accounting for the 'Backed Value' being over 3$ (or very close to it in case the tokens waiting to be released make an x5-x10 on average). Demand is exceeding supply right now.

Regarding the open market:

The bidding price is currently at 3,37$ (although on low or no volume). This is not a problem for the existing buyers, it's because literally, NO ONE wants to sell their SEED.

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Final Notes

I'm not overall happy raising the price of SEED as this may put some buyers off, but I hope you understand that as the manager I can't just give away these tokens under his market value.

I can always lower the price later if there's no interest. But I can't take them out from rightful buyers later.

I also have to protect my own interest. Remember, that I'm the #1 holder for the token but I have not applied any commissions as a manager yet (which will be disclosed and discussed in a future post).

Paraphrasing Thorchain, which is a project I don't own but I respect a lot: ''My existing SEED holders are my 1st class citizens''.

Have a good day.

100% of blogging rewards paid to @seed-treasury.
Remember you can follow the portfolio in real-time here:

https://cointracking.info/portfolio/seedtreasury

You can join us on Telegram and follow me on Twitter.

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41 comments
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I guess that is really good news even though it might seem like bad news for anyone that was getting ready to buy. That small of a jump shouldn't have too much of an impact on their plans I hope. Keep doing the awesome job you have been!

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If it goes to $16 over the next two years, would anyone complain?

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I won't, deff, but I refuse to believe it until it happens.

if I learned something at Travala was: ''Underpromise, Overdeliver.''

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I know I wouldn't! Except maybe that I didn't buy more when it was cheaper!

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Seed as a project is being a victim of its own success.

Music to my ears. Thanks for the update, it's always nice to read one.

I have a reminder sticker on my laptop for the 25th. Let's go!

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Thanks erikah, a big hug from Spain transfered to Pensylvania with the next Hive block.

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(Edited)

Awww, how sweet! 😍🤗 You made my day but could you please redirect that big hug with these two sweeties to Transylvania, instead of Pennsylvania? 😂😂😂

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I was laughing every time I checked the value of the portfolio full DAO. It just kept increasing haha.
You really have a touch for that !
Keep the good things flowing ;)

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Honestly, I sleep well at night knowing we're in DAO. In my humble opinion, they're top-notch.

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Excellent news as you should have got in early if you wanted them and this will be seen as a bargain in a few months time. $1 - $4 in less than 4 months is pretty damn good. I can see $10 in no time.

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What did we start at? $1?

And people are going to complain?

The reality is we are seeing huge increases in value and, if this proceeds, the $4 will seem like nothing in a year or two.

We need to keep things in perspective. How many of us could take $7,900 and turn it into $79K in a week? Since I will say few to none, we are riding on your coattails.

Focus on the mountain, not the mouse turds.

We have much bigger things ahead of us with SEED. Big picture is the best viewpoint.

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Yep! And it feels like yesterday 😁

Correction, it's 8300$ now. We just won another presale lottery. 4 lotteries won thx to our massive position at DAO and with their respective tokens waiting to see the light of the day.

Month over month progress is my priority right now. thanks once again for your support taskmaster. Glad that you find SEED suitable for your reaching power here on Hive.

Salute!

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Imagine if we would be still holding ORN :) Getting out of it was a very good decision.

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ORN will deliver, no doubt. But the dao move was very good looking back at how things are going.

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I know, I've tripled the size of my bag since we spoke and I'm still adding when it dips.

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It seems totally normal to me. If the currency has risen in value it has to be reflected in the price.
!PIZZA

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Well I got in early so I am not going to complain. It just shows how much people want the SEED token and that is proof of your great work so far.

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Second FUND for Defi farms ( or another strategy) start again with 1$ :D, would be an option ( i know that would start out in a lot of work :P).

Btw awesome job. DAO 10x!!!

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That's what we are expecting. Being on bullish trend,is good news. Is time for those that invested on it to enjoy More token on their wallet.

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I'm definitely not selling my SEED any time soon.
Afterall, I wanna be rich!!1

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So in theory, you’re saying my SEEDs are worth 3 times the price I bought them for on a minimum? And soon to be worth 4 times more?

Oh dear! I’m at the “I should have bought more phase right now”!

Dear empo, marry me! 😛I cook and clean.

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Lol hahah

The current price is 2,9$/SEED (with 96,5K of supply fully backed).

''I should have bought more phase right now”!

Happens to me often..

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