Hello all friends of the COFFEE-COIN community and LeoFinance, today we are here to start taking part in our main COFFEE-COIN project and plan, which is to go and buy back on the HIVE-ENGINE the tokens of the project.
WHY WE GO AND BUY BACK TOKENS
The main reason why the @coffee-coin project wants to buy tokens is for two very simple reasons:
- We believe in the token and its value
- Fight inflation
The first point we believe is the most important one , the COFFEE-COIN project is a project that believes a lot in what it has and what it will prepare for the entire life of the token from December 2023 until March 2025 , and we believe so much that the project can remain with a stable value if not higher than the release price , that we have decided to convert for the first 3 months all the resources earned from the sale of the tokens at the price of 0. 50 HIVE x token in HP and then delegate all the HP to @pgm-curator , with the liquid HIVE that will be given to us , every week we will make a purchase order slightly lower than the price requested by those who place sell orders.
The goal is to have all the resources we have earned in COFFEE knowing that our token will pay off.
The second point is to combat the inflation that is often generated with tip tokens. In fact, with the vast majority of tip tokens, keeping the price of a token high is always very complicated, especially when giving away resources, as is the case with TIP tokens, so we have one more reason to want to buy COFFEE. Obviously we will never sell off the tokens so they are in a sort of "safe bank" when the COFFEE tokens are in our wallet.
Repurchase plan
To make our movements easier for the community to understand, we have decided to publish weekly tables and graphs of our movements.
DELEGATIO
- Time in Weeks
- HIVE gains from delegation
- Number of HP delegates to @pgm-curator
In the first week the HP delegates have been gradually increasing as we see from the graph shown by hivestats below, so obviously the number of HIVEs gained is 'distorted' in this first week. Estimated gains should be around 0.7 HIVEs per week.
PURCHASE COFFEE
In this section, we go over how much we buy coffee-coins for in the market, so we can see the token's performance each week and then do an analysis and try to figure out what may have caused the token to depreciate or increase in value.
- Time in weeks
- COFFEE-COIN price at which we go to place the order on hive-engine
- Value of HIVE when we go to place the order *
On today's day if someone were to sell the tokens to our account, it would add 100% to the original price of the token.
As of today if you want to buy the token, the price is as follows 1 COFFE = 1.29 HIVE
COFEE IN THE WALLET
This section will start to gain value in the future, as it is the first week that we are going to make the plan to go and buy back tokens.
As of today we can only offer you this table, but it has an interesting fact, in fact in week 0 we have 0.3 COFFEEs, which are all coffee earned by the community who came to comment, and in the graph we will show you next week we will also analyse this along with week one (today's)