September Buybacks and Transitioning to Quarterly Buybacks,

This post is not financial advice

I wanted to talk about buybacks both for September and as we transition to the quarterly buybacks. The rate likely until the end of the year will be 1.035 swap.hive per UNICOIN bought back.

September buybacks will work exactly as the previous buybacks. If you don't want to miss out you can place a sell order right now for 1.035 and it will be precessed likely on or around the first of September. Remember buybacks are based on the circulating supply and are first come first served.

Starting in October buybacks will be done every 3 months. It will be 3x the volume of the monthly buybacks because it covers 3 months. I may and likely will do other smaller buybacks after this date in between ,but for the most part they will be every 3 months.

October is also the month that liquidity pools will launch. This means I will be minting new tokens and increasing the circulating supply. I toyed with playing around with the math since most of those tokens won't actually be circulating they will be in the liquidity pool but I have decided not to do that. Which means buybacks moving forward will cover more of the actual circulating supply essentially.

The @glittertoken will also be doing some buybacks at slightly below 1 swap.hive for folks that want to sell fast. I really haven't done that much with this account but the glittertoken account will be a sort of market maker for both UNICOIN and GLITTER. I have noticed over the past few months that some people just want to sell quickly and will sell at below value. I am just making that easier for people who wish to do that.

There are a e few other people who take advantage of the arbitrage with UNICOIN and soon GLITTER. I welcome that as well.

I also would like to mention that I ran some numbers and the tip bot has enough tokens for at least a year at current usage. If delegations and usage increase obviously that will decrease but we have a lot of wiggle room. Also if delegations increase so do curation rewards.

I am able to sustain/back the amount of UNICOIN the bt is distributing just from the small liquid rewards I get from delegating to ecency and from hodling EDSI tokens.Of course the UNICOIN tokens are already backed before mint . I am just pointing out that they are sustainably backed. That's not counting curation or author or liquidity pool earnings either. So we are in a very good sustainable position here. Slow and steady growth but it's working. The numbers don't lie.

Curation alone is backing more than 5x the amount of UNICOIN distributed from the bot. So we're good.

I also now exactly how much I need in the various CENT pools to ensure the CENT distribution is sustainable as my main account is currently earning slightly over the amount needed to keep the CENT token distribution sustainable. I have time to add that to this account slowly. I have well over a year's worth of CENT at current usage rates. That's a long winded way of saying this account will increase those liquidity pool holdings over time.

glittertoken is also earning liquidity rewards and will feed into UNICOIN and the pools over time as well.

Once the proposed changes to HSBI go into effect that will give this account even more liquid HIVE every week. I don't have a date on that yet though. Please don't ask for details but there is some info in that in HSBI's discord server main chat.