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This post is not financial advice
As I posted a few days ago I minted and burned almost 50k tokens. I fact 49991.60750804 to be exact. I minted 50k but ended up using about a dozen to balance the LP.
People have responded positively since I announced I would be minting and burning more aggressively.
The past several months the circulating supply has slowly increased. This is mostly from when I balance the LP. I end up minting some tokens and selling them to the pool. Over time it has increased the supply.
The circulating supply is so low because every token is backed by HIVE and Hive-engine assets before mint as well as that backing is maintained. This is how I can do the buybacks. Most folks aren't really selling and most of the trades are now done via the LP.
Last time I checked the total assets on this account are about 3.5x-4x meaning there is 3-4 times more assets backing the token than there are tokens in circulation. This is an example of how sustainable the token is. All my tokens except DEBTAGME which is a separate thing, are backed before mint and backed by factor of at least 2x. As these accounts grow and earn more tokens that ratio increases. It's been a while since I did a real calculation but it's not really important after the 1x backing. I can buy back every token in existence and this account would still run with no interruptions. I can say that about PIXYDUST and GLITTER as well.
The LP rewards will reset in a few weeks. If you are already in the pool you don't have to do anything. Rewards will be added in over time. I may even add some UNICOIN to the rewards this round. I can do this because the account is in such good standing and has a lot of wiggle room.
Thanks everyone for all your support.