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This post is not financial advice
I made an official announcement on the @pixydust account yesterday. The tip bot is finally here!
Usage of the tip bot is based on HP delegations not tokens held.
To use the bot , simply delegate to @pixydust in increments of 25 HP delegated per call per day. The tip distribution is as follows-
Each bot call will give :
The sender .003 PIXYDUST and .003 HSBIDAO.
The receiver will receive .002 PIXYDUST and .002 HSBIDAO.
The command is either !PIXY or !PIXYDUST
For those of you who are familiar with the @uni-coin bot it is basically a clone of that bot with some minor changes.
There is also a HSBIDAO/PIXYDUST liquidity pool with high rewards similar to the UNICOIN/SWAP.HIVE LP. In addition to the rewards you also earn divs on the HSBIDAO tokens in the pool (the pool is whitelisted/approved) just like you would hodling them.
The @pixydust bot is designed to allow folks to enter the LP by either sending or receiving tips. Some folks are already doing that. Of course folks are welcome to sell back their tokens if they choose to do that as well. There is a buy wall for both PIXYDUST and HSBIDAO has their own.
I want to thank everyone for all their support on these projects. I hope folks have fun with this new bot like they do wiht the @uni-coin one.
I also will be checking the price in the LP and will balance it out to be within 5% either way. Though I suspect the arbitrage bots will handle that for the most part like with the UNICOIN LP.
Rewards will also be refreshed to keep the APR competitive and strong.
Like UNICOIN all PIXYDUST tokens are backed by HIVE/Hive-engine tokens before mint. There will be a burn mechanism as well but not that is sometime in the near future. Maybe a small burn next month.