Buying into the XV token on the last day

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I have never been that great at diversifying into crypto tokens and besides some core holdings, I don't really have much exposure to the rest. The XV token has been talked about for a while and it is run by the @spinvest account and it looks like there are less than 24 hours left to buy in.

XV Token

The basic idea is to sell XV tokens for 10 weeks, ending 10th May at 23.59 pm BST. We invest all HIVE from issuing tokens into a basket of 15 top-ranked crypto tokens and wait for the next bull run to happen. When the time comes, I will convert the basket back into HIVE and offer a buy-back wall on the hive-engine exchange letting investors to cash out with juicy profits. The overall risk is not high but the potential gains that can be had are amazing based on the market switching from bear to bull.

XV tokens are a buy and HODL token. The basic idea for XV token can be found above and I got this information from this post. It doesn't give you any dividends and it will return the value of portfolio in June 2025. So we are expected to hold this for 2 years but you can always sell your tokens at the open market price on Hive Engine if you want to get out early. As such, I decided to hold onto 50 tokens for myself.
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Allocation


There are a lot of different tokens in this allocation from BTC, ETH, ADA, BNB, and others. There are a lot of tokens that I don't have in my portfolio such as DOGE, LTC, AVAX, and many others. So I think it's a pretty fair allocation because some of the lesser-known tokens will have a lower allocation. Overall, I am buying in for the exposure and I feel that I am lacking in that department for my own portfolio.

Other Thoughts about details

There is a 5% fee for running the 2 year long project and I think that is a fair fee. I don't have to pay attention to the price and I don't have to manage anything on my end. As everything will be returned in Hive, I think it's a great thing for me because I believe in Hive and I invested Hive to enter. The decision to invest into 15 different tokens works out for me and I am entering this token for the exposure to tokens that I am not invested in. 2 years is a reasonable time for those of us who believe in the crypto space and I believe we are going to have mainstream adoption soon enough in the future.

Conclusion

I like the idea of a basket of tokens. This solves the exposure issue for me as I am only focusing on a few different main tokens for investments. It's not like I can't get out in the future if I need to because there is an open market and I expect this to go decently well when the next bull market runs.

Do you hold any XV token?

Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.

Posted Using LeoFinance Alpha



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9 comments
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Sounds like a great token to buy and HODL for the benefit when the bull arrives, for the 50 tokens how much Hive did it cost you?

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The price is 1 Hive per token so it cost 50 Hive. I will see how things go and I plan on just waiting for the 2 years to close. The main thing I wanted was exposure and that is what I got.

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I think it might be worth it consisting the upside over long term HODL. Good luck

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