End of Month Burn Total and Progress

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This post is not financial advice

It's a few days before the end of the moth but I am going to report on progress. I don't expect to do any more burns this month.

Goal- to burn 1500-2000 tokens. Actual tokens burned 2081.48

I also increased the amount of HSBIDAO tokens this account has. Most of those were paired with PIXYDUST in the LP. The total growth not including divs is 158.16 HSBIDAO tokens.

That is incredible growth. That would back over 7000 GLITTER tokens. Most of that came from swapping out THREE earned from playing the game.

This account was also added as a beneficiary on many posts from the @uni-coin and @pixydust accounts.

As I mentioned earlier I do intend to mint more GLITTER. It's part of the reason why I pushed growth so hard on this account this month. I have a total in mind of tokens I want to mint over the next few months. However, I am going to go a little slower than I planned.

The GLITTER is mostly for LP rewards and both pools are doing well. I want to add some back in , but I don't need to mint 5k this coming month. I will keep the mint less than 2000 (for the LPs) for June unless there is a huge surge in folks entering the pools and the APR goes down.

So that means the overall growth of the ratio is a lot bigger than I planned. I am minting less than I burned while I added more tokens to back future mints. This puts this account in even better standing.

I am going to back off on building this account aggressively for a while. It will still grow from posts, curation , divs on tokens LP earnings etc but this major push I will be slowing down. I will still add this account as a beneficiary but not on every post. This surge in growth is more than enough that this account can just coast for quite a while.

This surge in growth was also a test strategy. I wanted to see how far I could grow it without putting more funds in and leveraging resources from other accounts WITHOUT harming those accounts. Those accounts did not suffer, they are growing too. This was important to me because you never know when a surge in new minting may be needed. Now I know with just a little effort, I can grow this account quite quickly in just a few weeks and NOT depend on sales or sacrifice the other accounts.

So for now I will let this account coast and grow from LP earnings, divs, curation and occasional posts. Unless of course there becomes a reason/need to mint more tokens.

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3 comments

!BBH !PIMP

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Way to go with the progress.

!PIMP
!PIZZA
!ALIVE

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PIZZA!

$PIZZA slices delivered:
@fjworld(1/20) tipped @glittertoken

Send $PIZZA tips in Discord via tip.cc!

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