The mysterious Glitter token

Image by Stephan from Pixabay

What goes with unicorns or @uni-coin ? Glitter of course.

I am not going to reveal much yet, but GLITTER will be a reward token for the upcoming UNICOIN diesel /liquidity pools..

Whitepaper and other posts will come out in a bit here but here are just a few tidbits of info about the token:

-Like UNICOIN it will be pegged to Hive price but fractionally, 1 GLITTER =.01 HIVE/swap.hive

-Like UNICOIN tokens will be backed but instead of primarily being backed by HP, GLITTER will be backed mostly by hive-engine tokens and HP secondarily.

-Regular buybacks at higher than .01 swap hive will also occur (10% of circulating supply or more every month or 30% quarterly). This will help provide price stabilization for folks who earn them in the pools and want to sell. There will also be other buy/sell orders but I will discuss that in future posts.

This is not a replacement for swap.hive which will also be a reward in the UNICOIN pool.

In some ways it's an alternative/companion to UNICOIN and will be a reward token for the pools. I opted not to include UNICOIN as a reward in the upcoming liquidity pools because UNICOIN is "mined" through the use of the tip bot and adding it as a reward will mess with the tokenomics.

This account and UNICOIN will feed into each other and support each other synergistically.

You can leave questions below but I may be delayed in responding. The UNICOIN diesel liquidity pool is still a few months out but I am preparing.

More info will be released soon-ish along with details on how to buy GLITTER if folks are interested.