Image edited by me using Canva
This post is not financial advice. If you decide to follow what I am doing you do so at your own risk
HSBI exchange will start sometime in the first week of June. discord members will have early access but like last time it's all coming from the same budget.
Total budget 150 UNICOIN exchanged for 180 HSBI units. Each account may exchange a maximum of 15 UNICOIN for 18 HSBI. Exchanges start at 5 UNICOIN for 6 HSBI. Folks will have 7 days to do the exchange after the post goes live. Since there is a budget, HSBI exchanges are done on a first come, first serve basis. I highly recommend you join our discord so you have early access if that's your plan.
A couple of days after the HSBI exchange completes, the first buybacks will begin. 5% of circulating supply will be bought back at 1.01 swap.hive on a first come first serve basis on hive-engine/tribaldex
I asked for input and everyone I heard from has decided they want me to put in Hive funds from my main account to pay it back later in UNICOIN at a 1:1 ratio instead of powering down. This will likely be the last time I do this, at least for a while. It shouldn't be necessary moving forward
I will have a total amount owed after the buybacks begin. The estimate will be about 700-800 after this. I will start paying that account back slowly in July.
New HP earned on this account until July will be delegated to HSBI. Not all of it but most of it. July may be the first month where a small power down is necessary. I know folks don't like power downs(I'm with you) but that's partially how things are paid for-it's all part of the design. I have been able to skate on using post earnings/ beneficiary earnings to get enough liquid Hive for the HSBI exchanges but eventually power downs will be necessary. They aren't a bad thing, especially since I am burning tokens. Speaking of which...
The goal is to burn 100 tokens in June .Not all of these will be burned from my accounts, some will be burned through posting partners but the overall goal is to burn 100 tokens. This number could go down slightly if, for instance we get an influx of HP delegations and need more tokens for the bot. Also promotions may factor in. But the goal is to have 100 tokens burned and I will work hard to get that done.
Right now my main account is posting the burns but I may do small burn posts here as well. My main account gets more reach and engagement compared to this account so it makes sense to host the burn posts on that account for now. I will probably add this account as a 75% beneficiary on those posts.
New Mints
No plans to mint any tokens unless necessary for the bot or promotional purposes. Remember all tokens are backed by Hive holdings but also are only minted when absolutely necessary. I won't just mint tokens because they are backed, they need to be backed and needed.
Right now there's a surplus of 435+ HP to tokens in circulation. This does give some leeway in case some partnership opportunities come along and another tribe /token owner wants to arrange a trade or promotion arrangement. I am in the market for that so...if you know any token owners looking for collabs/trade/partnerships etc let me know. Creative arrangements can be made to minimize loss for both parties-just reach out.
The bot is back up and things should be running as planned. Bot is now HP delegation based and not based on tokens held. Expect some strange things and maybe a little more down time but so far, looking good. Once it's been running for a bit I will start promoting it on my main account .It is the first HP delegation based tip bot on Hive, so that's an accomplishment. It wasn't as easy as it sounds. Sustainable , stable ,self funded tipping tokens are now a reality. That's huge.
