Something New from the UNICOIN Project

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This post is not financial advice.

This is just a very basic introduction. I will be posting more on this on the @uni-coin account as well as eventually the @pixydust account. I figured I would start here and go over just the basics. deep dive posts are coming.

Please keep in mind this is still a work in progress and some things may and likely will change. For reference the new tokne is named PIXYDUST.

Last year my husband and I launched UNICOIN the first sustainable tipping token on HIVE / Hive-engine. we did it differently Instead of folks needing to buy and hold/stake tokens to use the tip bot. we based the tip distributions on HP delegated. This is not a voting service, people still get confused about that. The delegations pay for the tokens without folks needing to buy them.

We also do scheduled buybacks at a profit to the seller,. guaranteed buybacks so folks always have an "out" and recently launched a LP with current average APR around 45%. All tokens are backed before mint. backed by both HP and hive-engine assets. currently UNICOIN has a bout a 3x ratio meaning every token in circulation. is backed by 3 times in assets. Not bad for not even being a year old.

The reason i am explaining this is the new token will have similar "bones" . However the new token and tip bot will be a little different.

The main difference is the tip bot is designed with LP in mind as a primary feature, not an add on. The token pair the bot will distribute will be the new token PIXYDUST and HSBIDAO. The tip bot is designed so that folks receive an equal portion of the pair and they will be able to put the tips into the LP. Side note: the LP has not been created yet. It will be shortly after the pre sale.

It will be similar the UNICOIN in that use of the tip bot will depend on HP delegations. The sender will receive more than the receiver but both parties will receive and equal amount of fractional tokens in the pair. Folks can put them in the LP or simply sell them back.

There is a permanent buywall for HSBIDAO at 0.475. and PIXYDUST will also have a buywall at the same price as well. Though it is soft pegged price wise to HSBIDAO. all PIXYDUST tokens will be backed by HIVE/ Hive-engine assets permanently before mint. It's the same system as UNICOIN and GLITTER.

The target average APR in the LP is 15-40%. But there's more.....folks will still earn HSBIDAO divs if they are in the LP just like if they were just hodling the tokens so you will actually be earning more than the listed APR.

There will be a small pre sale. A very limited amount of tokens will be available for the 0.475 price but there will also be sell orders after the presale ranging from 0.475 and 0.5. Tokens will be sold sparingly but regularly.

Eventually some PIXYDUST tokens will be added to the LP as rewards but that will happen a few months after launch. The main reward tokens for the LP are GLITTER and swap.hive but other tokens will be added as well.

There will be a burn mechanism but the focus will be on "recycling" tokens before new tokens are minted ( selling back tokens that were bought back/using tokens that were bought back for the tip bot before new tokens are minted). I am very good at keeping circulating supply low and will mint/burn depending on where things are at.

The tip bot should launch immediately after the pre sale. I also plan to launch the LP 30 days after the start of the pre sale, though it will take a month maybe more to build up the rewards. That will be done slowly.

The pre sale itself will be fast, lasting about 2 weeks or until the budgeted amount of tokens are sold. That amount is TBD but it will not be a huge sale. In fact I am only doing a pre sale because I will be paying myself back in tokens for the funds I am using to start the PIXYDUST account. It's only fair that I give others the opportunity to buy at least that many tokens at the same 0.475 rate. I will do a snapshot before launch and have a final number of how many tokens I owe myself for essentially pre buying them. I will then use that number and expand it slightly as the max amount of tokens to be sold during the pre sale. I will mint and distribute the tokens I pre paid for after the sale so that the tokens are all backed before mint. Pre funding the account gives me this flexibility.

I also do not have a launch date yet as I am waiting to schedule my surgery. Once that's scheduled I will plan and announce the dates.

I expect this all to launch within the next 1-2 months. That all depends on the biopsy results and surgery schedule.

The @pixydust account will follow the @tribefairy curation trail as well as the BBH trail. It may also curate outside those trails.