Disclaimer: This post is not financial advice
The Burn 🔥
I burned 3 tokens from the burn account
Not a big one, but every little bit counts.
The image above is a screenshot showing I did put a buy order for 1.01 swap.hive for UNICOIN ,however there was someone selling them for 1 so the system gave me the best price. I did an experiment earlier to see if I could buy them at a higher price , but nope. Total bought back from the official account 51 which is 5% of the circulating supply. I may buy some more this month but that's not guaranteed. We shall see.
I can't control the market. If folks want to sell lower than the buyback amount they of course are welcome to. In the future I want to buy back more than 5% of the circulating supply but for now it's better to start off slower than to go a bit wild and slow down the account growth.
It's a fantasy but it would be nice to be in a position where I can buyback , or at least place a buyback order for every token in circulation every month/quarter. I am seriously considering it once the Hive power holding reaches 3x the circulating supply. We are halfway there, so it's not as far off as it may seem. Maybe I will put it to vote once we exceed 2x HP to tokens in circulation and let the community decide. This of course includes HSBI exchanges as well. It's not an either/or
I picked up some low priced UNICOIN these past few weeks on my personal account. Some of those I plan to give away some I may burn. Some I will wait until next month's HSBI exchange.
A couple of things planned in the (hopefully) near future:
-Weekly stats posts instead of daily collection posts.
-We are also working on raising the limit if 10 calls per day to 100. we scaled it down during this testing phase to make sure everything is working as it should. I hope to have that done later this week.
I will dispense some UNICOIN to posting partners, some to the bot which is pretty well stocked for now and the rest will go in the burn pile. As you know not all tokens in the burn account will in fact be burned. It's kind of a holding account.
I also have reached out to a few token owners/tribes for partnership/mutually beneficial relationships. I will make an announcement once something is official.
Everything is moving along nicely. We now have 1.5X HP than circulating tokens . My soft goal is to have 920 or less tokens in circulation by the end of the month. A few things may factor into that or prevent it , like partnerships, delegation increases or other things but I would like to see that number as close to 900 as possible.
It's all about balance. Recycle first, then burn.