UNICOIN Sustainability Back up Plans Part 1

image from pixabay

This Post is not financial advice . If you decide to follow what I am doing, you do so at your own risk.

I am going to take a little time and talk about the back plans that are already in place that help secure the sustainability of UNICOIN. Some, well most of these things I have already talked about but not in the context of "back up plans" for the most part. I have several in place and this is going to be a 2 part post so it's not too long.

These things are in no particular order

-The tip bot is stocked with over 2 years of tokens at current rate of usage. Both the UNICOIN and the CENT

-The HIVE interest rate (around 3% APR) alone is enough to sustain and back up the UNICOIN tokens at current distribution rates. It is slightly over the amount needed to back new tokens for the bot. This is just the interest rate, this does not include curation earnings.

Of course if the bot gets more usage , that may change but if the bot gets more usage this account will also be earning more HP, so...it should even out. Also see point #1. I guess this is the back up for the back up .

This point is important in case curation earnings for whatever reason are greatly reduced, like say the HIVE price pumps -less HP will be earned . There are more instances that could reduce curation. That's just one example.

-Liquid HIVE rewards from delegating to ecency and holding EDSI tokens are enough to cover new mints of UNICOIN every week at current usage rates. I don't delegate a lot of HP to ecency, but the combination of that and hodling EDSI is enough to cover the weekly distribution. I am not delegating to EDS, just hodling the tokens. I've had a little over 100 EDSI in this account since the launch.

-Small amount of HBD savings growing weekly. This is pretty self explanatory but I have been starting to grow the HBD savings on this account recently. This will serve as a back up in case the other methods fail. For now it's just collecting interest every month.

Quite a few redundant back up plans are already in place. This is about half the list. I will post a part 2 on this in a few days.

TLDR: My back up plans have back up plans and most are already in place. Right now these are not serving as back ups, but are helping to grow and sustain the account.

I just want folks to know I am thinking of worst case scenarios and am planning for them. It's just how my brain works.

Stay tuned for part 2