Update and Good news

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

Just wanted to post an update post LP launch. I have been posting a lot lately and that will start to reduce now the LP is launched. I'm exhausted.

So far it's gone pretty smoothly. I did make a few "adjustment' swaps to bring the UNICOIN price in the pool down a bit. If folks are looking to buy UNICOIN I suggest you try the market first. If not you will likely over pay as there is low liquidity in the pool.Even if you do overpay the APR for rewrds should make up for it.

Speaking of which...it's a little early to tell, but...it looks like I may not need to mint as many tokens as I originally thought. My main account has 37 not in the pool and the glitter account has about 29. The market account has 10 or so I believe. I will slowly add more tokens into the pool , but it looks like I can get away with not minting hundreds of tokens. I did mint 50. I filled a small buy order and the rest went to the other accounts.

The HPH ratio is still slightly above 2x. I can mint about 10 tokens a week if I wanted to without having an effect on the HPH ratio. I think moving forward that is what I will do if needed. I keep the supply low for sustainability.

Right now the APR in the pool is about 16%. Higher than I expected at this stage but I will be adding more to the pool as well. More rewards will be added over the weekend/early next week. I will be adding a couple of tokens and also increasing the tokens that are already in the pool. From there it should just be maintenance. I will likely add to the pool about twice a month on average to keep the APR at the target rate.

Everything is looking good. I will have more to report next week. Thanks everyone for your support . It truly is appreciated.

Oh and the HSBI exchange rate is going up to 40% bonus soon- after HSBI finishes the update and tokenizes. This means for every 5 UNICOIN exchanged you will get 7 HSBI. We are looking into automating that once the HSBI changes go into effect, hopefully by the end of the year. @sylmarill I think you will like this change :)



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6 comments
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Excellent friend, I will investigate, it seems like an excellent option.

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Thank you for all your support. !BBH !PIZZA !UNI

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