PEPE Power Up and Info about buybacks

This post is not financial advice

Today I powered up 8,290. I have been slowing adding some PEPE to the UNICOIN/SWAP.HIVE LP but there is still only a small amount there for the moment. I will be adding more as time goes on.

Buybacks will be on or close to November 1st. I will be putting a buy order for 15% of the circulating supply at 1% over starting price. Most of the GLITTER that was minted is locked in LP and not technically circulating. I have a feeling December's buybacks will be smaller in terms of folks actually using the system (because not enough tokens are in circulation). December's buyback will also likely be a little smaller as GLITTER will be burned before then.

In January buybacks will be quarterly. These buybacks will be for a larger amount but most of those tokens are not yet in people's wallets, so what I will likely do is put a buyback order in January and whatever wasn't bought back, I will put another buy order in February.

Eventually more GLITTER will be in more wallets and the buybacks will work similar to the UNICOIN and sell out quickly. Though the buyback rate here is higher per month/quarter.

I still haven't been burning any GLITTER yet. That's because I am distributing some as prizes at @thealliance 's Halloween contests/events. After that I will start burning tokens. In fact most of not all tokens bought back in November will be burned as designed. I just didn't want to burn any before the Halloween contests just to mint more.

Once the burns begin I will mint new tokens as needed for the pools based on income (right now it's mostly based on my pre funding) , including the outside crypto I am putting in.

Everything is going smoothly. Thanks to everyone for your support.