UNICOIN Buybacks will be different the next few weeks

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This post is not financial advice. If you decide to follow what I am doing, you do so at your own risk.

I know, I just posted and update on the UNI-COIN account but then right after I got an idea. Basically I am making a decision that will benefit UNICOIN because well, I can.

What I am going to do is transfer about 200-230 Hive/swap.hive to UNICOIN. This will be paid back to this account in UNICOIN eventually but there is an opportunity here I can't pass up. There is someone still selling tokens for 1 swap.hive despite next month's buybacks being at 1.015 Swap.hive. I can just buy these tokens, or most of them then buy the rest if they're still for sale on buyback day next month.

For those who are unaware buybacks are done at 5%+ of the circulating supply every month and this large sell order is preventing me from buying them at a greater price anyway.

This will also allow me to burn 100 UNICOIN right away and save the rest for future burns/partnerships. It will also make the quarterly buyback transition easier.

What I will do today is buyback 200 or so tokens after sending the HIVE/swap.hive to the UNICOIN market account. Then buybacks will continue as normal in July and if those tokens are still for sale they will be bought as well. This also opens up the buybacks to more people otherwise I'd still just be slowly buying back the tokens from one person for a few months at the normal rate.

After this, I shouldn't need to transfer any more assets from this account to the UNICOIN account. I don't NEED to do that now but if I do it will be the best choice long term for UNICOIN and I have the HIVE to do it so I am.

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4 comments

Very cool! How are you doing?
!PIMP
!UNI
!PIZZA

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Doing pretty well thanks. !BBH !PIMP

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Great news!

!HUG
!BBH
!PIMP
!UNICOIN 🦄

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Yeah i though about those last night after I published the update on the other account. i was like "Why don't I just buy those now?" I slept on it and decided it's what I will do. I already bought 200 of them, the rest can wait until the official buybacks in a couple of weeks. !BBH !PIMP

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