Mini Road map - September, October and beyond
This post is not financial advice. If you decide to follow what I am doing you do so at your own risk.
The timeline is subject to change but this is the plan.
I'm going to go over a few things and give y'all a timeline. Lots of things happening and I want folks to be prepared.
September
-HSBI exchanges no longer limited to quantity. They still need to be done in increments of 5 UNICOIN for 6 HSBI, 10 UNICOIN for 12 HSBI etc but there will no longer be a limit. This is a pretty big deal.
I do want to state that toward the end of the year I will be raising the bonus to 40%. You can still exchange UNICOIN for HSBI in the mean time. Once the change goes into effect I will give folks who exchanged under the 20% bonus some extra units for free to make things as fair as possible.
This change will go into effect after the liquidity pool is created. Likely December.
There are some proposed changes to HSBI. We will continue to carry on as planned regardless of if /when the changes go into effect. I can't speak any more on this until I know for sure what is happening. In my opinion ,these proposed changes won't be negative.
September scheduled buybacks will be the same as always but starting in October the buybacks will be quarterly and will be at least 15% of circulating supply.
October
-Buybacks will be quarterly from now on.
Creation of the liquidity pool will happen sometime after the buyback is initiated but before Halloween. The exact date TBA and I will keep you updated once it gets closer. It will be closer to mid month than Halloween.
The liquidity pools will have a soft lunch. Please allow several days for rewards to be added. I am going slow and building it up over time. Though I expect the APR to be around 20% the first month and gradually go up from there.
There will be a 1% daily bonus for liquidity providers for up to 100 days so getting in the pools early and staying in the pool will be beneficial.
I have had a couple people ask if I will be selling/minting more tokens once the pool is active. I am considering it on a case by case basis. Remember all tokens must be backed and maintained by Hive holdings before mint. I will be minting more tokens as they will be needed for the pool, but I am not sure if I will sell any directly. Of course folks can swap once the pool is active but there may not be a lot of liquidity if folks want to buy a large amount.
I won't know how many tokens will be minted until after the buybacks and HSBI exchanges. It all depends on how many UNICON are in my possession and how many are needed to start the pool off strong.
As I stated before a bulk of the pool will be provided by my main account. As I've stated in the beginning I (my personal account) already bought those tokens months ago to get this account started , I just haven't minted them yet. My main account will also provide the swap.hive for the pool out of it's own wallet. My personal account will receive liquidity rewards just like anyone else as I am using my personal funds to put into the pool.
This is also consistent with me taking the financial risks of UNICOIN onto myself. We already have scheduled and guaranteed buybacks. I am simply just enjoying the rewards as well as the risk now that things are stable.
Are there any other tokens that guarantee buybacks at original selling price? I am pretty sure there aren't. If I'm wrong please tell me so I can buy some.
Oh and by the way if everyone who has UNICOIN requested a guaranteed buyback of all their tokens, the program will still go on. That's the beauty of backing all tokens before mint, keeping those tokens backed, and regular burns.
I also am not paying myself in any tokens. The tokens my main account receives are tokens I purchased with my own funds. There was no pre mint and I nor my husband do not get any tokens for running this account , programming the bots etc.. If I want tokens I buy them just like everyone else does. That's how much I believe in the project.
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STOPIt will get even more interesting until end of the year! ;D
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Nice roadmap, I read every word. Looks good to me.
Well HBD I guess. Pretty much always selling and being bought back at/near $1.
Maybe $SURGE. It is pre-sale-ing for about 88 cents but is supposed to have a buyback price of $1.
There is a section of a post labeled
which is interesting and we'll see how it actually works.
This is part of the LEOverse, in particular $LSTR which is based on Sailor's MSTR Strategy for buying and monetizing BTC. LSTR does the same but with LEO. Someone else on here could maybe do the same with their token. We'll see!
Source: https://peakd.com/hive-167922/@leostrategy/introducing-surge-earn-stable-and-reliable-1667-yield-cdc
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I did look at SURGE, besides the pre sale discount I really don't see the point of it opposed to holding HBD. I can get 15%+ yearly for HBD savings. Maybe I am missing something. I know they created the token to raise funds but why not use their own money to start another project since they are so established.? Why need to raise funds for another project? It puts the risk on the hodlers..it's just not really computing in my brain. Though the pre sale there is more opportunity for profit but long term....? No difference in having SURGE than HBD and there are already HBD arbitrage opportunities. No offense to them. Maybe I just don't get it. It's possible i am not understanding it fully. Also liquidation is a buy back but when? Can users request a buyback at full value at any time? .Also the words "top of the preference stack" are troublesome. Also what is the $1 in value? is it HIVE, HBD? something else.? it's too vague . "Preference stack" implies that there are others who may lose out, again at least in my mind. Like preference over what? !BBH
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I like that you don't pay yourself in tokens. All the !PIMP I have is earned and bought, just like everyone else. Good on ya !WINE !UNI
I see it as- I wouldn't create a program I wouldn't also join/take a part in. I have faith in the project so I don't need to mint myself tokens to be paid because I know the math is solid and I will make a profit. Fun fact: If all the folks who own UNICOIN sold them back to me and everyone stopped delegating, the program would still run as it's self sustaining. !BBH !UNICOIN