Making UNICOIN Tokens More Rare

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This post is not financial advice.

I have been thinking about something and have decided to implement it in not only this project but @pixydust and @glittertoken as well. Reducing the total supply. I will write separate posts about this on each account.

How will I do this? By minting tokens and immediately burning them. I do not have a set rate but it will be significant and will be done over time.

This will reduce the total amount of tokens that will ever be available and will allow me to burn tokens at a significantly higher rate. This is of course in addition to the burns that are already done on these accounts.

The first UNICOIN mint and burn will be between 50,000 and 100,000 tokens. The subsequent mint and burns will be smaller. I may base them on a multiplier of the circulating supply moving forward. I haven't made a final decision about how to calculate the burns after the first round.

I also do not have a set schedule of these mint and burns. They will happen when they happen but I will post about them. I may sometimes allow folks to vote moving forward as to how many tokens to mint and burn. It also may just be random or a combination of these factors.

Each account will have different numbers of tokens burned. I have not decided how many PIXYDUST or GLITTER tokens I will mint and burn yet but will post updates on these accounts once I decide what the first burn round is.

These accounts are still sustainable and will continue to back tokens in the circulating supply just like now. This is simply a way to reduce the amount of tokens that can ever be in the circulating supply.

I will write another post with an update after the first round.

Thanks to everyone for all your support. I am so grateful for all of you.

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I am also ready for the renewal of the LP rewards which will happen in about a month from now. As I have stated before I will be putting in the rewards slowly over time and the reward APY for the first few weeks will be lower than the final number. There will still be a 1% bonus for 100 days encouraging folks to stay in the pools.