Image created by me
This post is not financial advice
Supply (Circulating / Total )
53990.91660314 / 71300.00000000
I have about 1k GLITTER sitting in the wallet right now. About a week or two ago I put in a small amount it the LP rewards of both the UNICOIN and PIXYDUST pools. I also burned more tokens last month. I didn't track the total burned last month specifically but it was over 1k, I think closer to 2k.
I think I will burn these too once my other accounts sell back what they are holding. I am not going to put much more into the LPs as rewards this month unless there is reason to. I was expecting that me increasing the liquidity in both pools would dilute the rewards more but both pools are in excellent standing.
Of course I love burning tokens. Overall. not many people are taking part in the buybacks at least not at the volume I was expecting. I know that a large portion of tokens minted are either in the LPs as rewards or being held as rewards for BBHO hodlers and also SLOTHBUZZ weekly savers rewards. I expected to be buying more tokens back than I currently am. This is not a complaint. I do have buy orders open at all times for folks that want to sell, people just aren't selling at the rate I anticipated.
It's hard to have a specific burn goal when folks just aren't selling back their tokens. I will basically be burning most of what comes back while still slowly adding more to the LP rewards. I shouldn't need to mint any new tokens for a while unless something comes up and there is a reason to like a trade or something like that.
I would love to cut the circulating supply in half by the end of the year but that is not fully in my control. I will just keep the buy orders up and see how fast I can buy and burn them.
