1 Million GLITTER Burned

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This post is not financial advice

1 million GLITTER tokens have just been burned. This is part of my ingoing effort to reduce the available token supply of my tokens (except DEBTGAME that's a separate thing). This burns will happen somewhat rgualrly but no set schedule.

I also do not have a set amount to burn each round. That depnds on many tings such as token demand and other factors.

By gradually reducing the token supply it also allows folks to purchase tokens before most them are eventually all burned. I have seen an uptick in token buying/swapping in both UNICOIN and PIXYDUST have had to mint small quantities of both UNICOIN and PIXYDUST to balance the LP (as people buy through swapping).

this so far does seem ot conicide with the burns on those accounts. This is a great side effect of burning and it tells me that people see the value in these tokens and the LP. GLITTER is diffeent. It;s jsut a way for me to give slightly more (when adjusted for value) HIVE as a reward in the LPS. That's why they are bought back above .01 to give folks in the LP a little extra when they sell.

I do not expect there ot be more purchases of GLITTER after the burns but if you do wish to purchase them you can place a buy order for .01 swap.hive and I may fill it. I do need ot be careful about that because it creates an instant profit because of the buybacks and that's not really what the token was designed to do.

GLITTER has the highest token supply of all the tokens so the burns will be bigger. I will still continue to the the regular burns form buybacks too. I am just saving some token up for the UNICOIN LP refresh that's coming in the next few weeks. After that I will be burning most of the tokens bought back in addition to these bigger burns.