Some Things to Ponder
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This post is not financial advice.
This is a long one, sorry :)
Starting circulating supply: 7144
Current circulating supply: 7140
Reducing the token supply reduces the debt and we are already reducing the supply little by little.
I wanted to to a post as a brainstorm/my personal opinion. Now that we have the basics set up, it's time to start thinking about strategies to grow the account/reduce debt.
Right now the biggest source of income is post earnings. This is one reason why I had a generous HSBI bonus during the pre sale to set the account up. With that in mind this account is new and still growing and I'd say on average the liquid HIVE right now (not counting the HP earnings or any other tokens) per post is about 3. This means if this keeps steady, a buyback budget of say 20 HIVE per month or less would allow for buybacks as well as account growth- just for post earnings.
So far folks have all voted on the buyback budget being 20 for the next few months, but there are still a few days left to vote on it.
Yes this account is also earning tokens for posting and curation and those tokens do add up as well. Right now BBHO and BEE are the top tokens being earned through posts/curation and those will add up to several HIVE value per month if their prices stay consistent.
At the moment I am selling the liquid BBHO and keeping the staked BBHO received powered up to earn curation rewards. I haven't sold any BEE yet because I needed it to set up the LP and rewards contract but moving forward I will do the same for that and other tokens received from posts and curation. Some tokens come staked. Some come liquid and some are split between staked and liquid but overall I intend to sell about half and keep half staked at least for now.This will give the account a bit of extra HIVE every month in addition to the post earnings, HP earnings, curation etc. ALL these earnings can be used for the buybacks and we will not have to rely solely on post earnings, or power downs to pay for the buybacks.
Powering down is also an option and will likely be used in the future when the buyback budget increases. However, it is my opinion that it's best to avoid powering down until absolutely necessary so that the HP can earn interest/curation etc and allow the account to grow that way.
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We will soon be voting on whether to delegate any HP out and if so where. It is my personal opinion that delegating out to HSBI aka @steembasicincome is one of the most profitable choices. This is because the account will be earning fractions of HSBIDAO tokens every day and also earning dividends on tokens held. The HP delegated out will earn interest as well. These tokens can be traded for swap.hive at any time. It makes more sense to hodl the HSBIDAO tokens than have a lot of swap.hive sitting in the wallet because of the dividends.
When I did a comparison test of divs vs curation I did find that overall HSBI paid out a little more (this is when adjusting for HIVE value).
I am not saying we should delegate all HP to HSBI. We are already delegating 60 (this is from the pre sale and also some HP from post earnings) and have since the beginning but I think delegating some more of the HP will decrease the need to power down to pay for buybacks in the future.
These are just a few things to think about. We can also look into entering stable high earning LPs as a source of passive income in addition to all the things I have already discussed.
If you know of any consistently high earning (10% or more) LPs , especially those that refresh the rewards regularly please feel free to tell me in the comments.
I do want to note this account also holds 100 UNICOIN tokens that were traded during the pre sale. The UNICOIN-SWAP.HIVE LP rewards are about to be refreshed with a new rewards contract and tokens. I keep the APY in the pool high. I estimate the average APY in the pool will probably be around 30% or more once it's all set up. Going into this LP is something to be voted on soon. Or we could simply sell back the UNICOIN tokens for HIVE/SWAP.HIVE if the community decides to do that.
We also have 101 EDSI tokens which were also a trade from the presale. Those tokens give this account weekly HIVE divs and we are also on their curation list which helps bump up post earnings.
**Oh and just for fun I will be adding some PEPE tokens the the DEBTGAME LP over the next few weeks just as a bonus.
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