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This post is not financial advice. The information here is subject to change. Not all details have been decided yet.
I figured I'd give you a little teaser about the new project. I am not going to reveal all details here yet.
For reference the new token's name is PIXYDUST
-It will work similar to UNICOIN in that folks will delegate to be able to use the tip bot. There will be a token pair distributed by the bot. The new token PIXYDUST and another token not related to this account that will be distributed by the bot. I will not name it just yet but will soon. (spoiler: most of you will really like it/already like it) I will create an LP after the pre sale and the tip bot is designed so folks can just enter the LP by using the bot or receiving tips.
-The distribution ratio will favor the person sending the tip .The exact ratio is TBD but likely 80%/20%. Both parties will earn but the one delegating to use the bot will get a bigger distribution from the tip bot.
-The goal of the average APR in the LP is 15-40%. However folks will also earn divs on one to the tokens in the LP (not the PIXYDUST token the other one) so that APR will actually be higher when that is factored in. It may take a few weeks/months to get the APR in the higher range of the goal. I will likely have a 1% bonus a day for 100 days like with the UNICOIN LP.
-All tokens will be backed by HP/hive-enigine holdings before mint. The value of the token will match the token it is paired with. The pre-sale price will be slightly lower than the regular buy price. I will have some tokens available for sale after the pre sale on basically a permanent basis but the price will be slightly higher than the pre sale. The amount of tokens available for sale will be low.I will have a permanent buy order at original sale price for folks who just want to sell.
-There will be a burn mechanism with PIXYDUST but it won't be as aggressive as GLITTER or UNICOIN. It will be "recycle first " so that the tokens bought back will be redistributed to the tip bot or sold on the market/used to balance the LP. The goal is to mint as few tokens as possible while burning a few along the way.
That's it for this teaser. More information will be available soon. I don't have a presale/launch date yet because I need to have the surgery on my foot scheduled first. I do plan to launch the tip bot and the pre sale at the same time, or close to it. We will use the same code as the UNICOIN bot but with different settings and a different account, obviously.
You may notice me moving some funds/tokens around and to the new account. This is all part of the plan. Feel free to follow the account 