January Scheduled Buybacks and a Question

Image created by me using Canva

This post is not financial advice

Just wanted to touch base. The quarterly scheduled buybacks in January are approaching. If you wish to participate in the buybacks I suggest you put in your sell orders now for 1.04 swap.hive each token. This way you will get first "dibs". There are a few arbitrage bots that have been in use and they sometimes get to the buybacks first.

These are quarterly buybacks. If the full amount (15% of circulating supply) is not bought back in January, I will re list the buy order in February. Many people are opting into the LP or doing the HSBI exchanges instead of the buybacks. It's always your choice what you do with your tokens.

I will be adding more GLITTER into the LP rewards to increase them slightly. I will do that over the next month or so. I don't want to add them all at once but they have been minted and will be added slowly.

GLITTER buybacks will also be done in January as well as February. There are still not many GLITTER tokens in people's wallets compared to the circulating supply. This is because GLITTER is locked in LPs and released over time. I have not seen any arbitrage bots for GLITTER yet and so far have never bought back the amount the budget allows. I expect in the future once more tokens are in wallet that will change.

I am considering contacting Hive account@bradleyarrow and offering some GLITTER for his BBH/BBHO drips. This could be a good way to spread the word about GLITTER/UNICOIN and related projects. Since all GLITTER are backed by HIVE holdings before mint I do need to be careful. However, there is an excess of HIVE holdings to GLITTER ratio and I can afford to mint some without having any negative effect on the program.

Bradley has supported this project and I support his with monthly HSBI units gifted to folks who participate in BBHO power up day. This will just be another way to support his project.

Please let me know in the comments if you think this is a good idea for the projects to donate GLITTER for the BBH drips. All feedback will be considered.

If I/we choose not to do this some of the assets on the Hive account@glittertoken account will be transferred to this account to further back UNICOIN. Though we are in really good standing here too and this is not necessary. Last I checked the HPH ratio is somewhere between 2-3X and it will increase as I convert HSBI units into HSBIDAO tokens. It will also increase as I burn more tokens that were bought back or exchanged.