Minor Change To Buybacks (nothing bad)


Image created using Canva

This post is not financial advice.

There is a minor change with the buybacks. It's not something most people (if anyone) would notice. It's basically going from quarterly buybacks at a fixed percentage to a permanent buywall . This is because not enough people are selling their tokens and I have basically had a permanent buywall for months now.

What does this mean for hodlers/sellers? Nothing has changed really. I will set a buywall and I may put a max limit per month but right now there is no need to. People can sell back whenever they wish. The only exception to the permanent buywall is if I do a sale event or something. I will temporarily pause the buywall as that would create a buy/sell loop and I'd just be exchanging tokens with myself lol. Yes, I have accidentally done that before.

If that ever happens people will always have the option of manual transactions but I will put some sort of minimum on that so I am not processing small transactions all day. Any type of sale event will be a very rare occurrence and will only be done if there is another use case for the token or something like that.

I likely will not be doing this with UNICOIN as the current system allows for some potential arbitrage opportunities when considering the LP.

Like I said most people will not notice the change because this is how it's been all year now. Just wanted to make an official announcement in case anyone does notice and is wondering what changed.



0
0
0.000
0 comments