Massive GLITTER Burn Coming Up and PUD

Image created by me

This post is not financial advice

As I have done with both UNICOIN and PIXYDUST I will be minting and burning a good chunk of GLITTER. This is part of an effort to reduce the token supply on these accounts.

I am not sure how much I will burn this round but it will be over 100k. The supply on GLITTER is very high so it will likely be more than 100K but I need to sit down and look at the numbers a bit before I make a final decision. I will make another post once the burn has been completed.

I haven't been burning many tokens lately. Mostly because I have been saving the tokens I've bought back for the new UNICOIIN LP rewards. That will be refreshing in a few weeks. After the reward contract has been renewed, I will start burning the tokens I buy back at the same rate as before. This is in addition to these bigger burns.

I plan to do the big burns about once a month but there will not be a set schedule or amount. This applies to all the tokens i am doing these big burns on. They will happen when they happen.

I do not yet have a final burn goal for any of them but it will likely be up to 50% of the total supply maybe more for each token. So far these burns have increased the demand for UNICOIN and PIXYDUST slightly. I do not expect that to happen with GLITTER because the use case for GLITTER is LP rewards and it's designed to basically be sold so I can buy it back. There also is no LP for GLITTER.

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I powered up 10 HIVE today. It's not much but I don't have a lot of liquid HIVE on this account. Every little bit counts.