The First PIXYDUST Burn

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This post is not financial advice

I did the first ever PIXYDUST burn right before making this post. It was a small amount, 50 tokens but it's a start.

I haven't been doing any burns because there was still some demand for the token. Now that that has died down/I minted enough to full the orders I fgiured it would be a good time to do a small burn.

I don't think in general I will be burning tokens quickly for this account. but when there is an excess , or I do buybacks, swaps in the pool etc, the extra tokens will be occasionally burned.

I am keeping the supply low on purpose. I am not minting new tokens unless there is a need for them. I also do buy them back before I mint if that is at all possible.

The tip bot is very well stocked. A bit over stocked right now but I will be putting more tokens into the LP from that account soon. Also keep in mind the tokens the tip bot holds in the LP may at some point in the future be used to fund the bot distributions. We aren't anywhere close to needing that to happen , but that is part of the long term plan.

The tip bot is self sufficient. Right now it is earning more than enough in HSBIDAO divs to cover the distributions . The account is also earning enough tokens to purchase more PIXYDUST if that ever becomes something that is necessary. The tip bot is also earning a small amount from curation. I may look into other LPs for the tip bot account as well just to keep the income flowing.

I may delegate some HP from that account to @steembasicincome to get the HSBIDAO token divs. I don't have a lot of HP on that account so the amount will be small. I don't need the HSBIDAO tokens as it's already generating more than the distributions for tips in divs, but having extra on hand also allows me to buy PIXYDUST from the LP if I ever need to refresh the PIXYDUST tokens for tips or occasionally rebalance the pool. At current usage rates I won't need to add more PIXYDUST tokens to the tip bot for over 2 years.

Folks are slowly adding more to the LP, including myself and some of my accounts but others are in the pool too. I will probably add more PEPE as rewards as I get more coming in-just for fun. If the LP reward percentage drops I will add more GLITTER to the rewards to keep the APR high. I also have added a little PIXYDUST tokens to the pool last month and when I have some extra tokens I will add more. I will be adding more to the UNICOIN pool too once there is a suplus or I do more buybacks etc.

I will likely not mint new tokens this month unless of course there is demand, if there are buy orders or more people swapping in the pool I will mint more tokens to keep it as balanced as possible. Otherwise, I don't see a reason to mint more this month. I think next month I will focus a little more on paying myself back in tokens for setting up this account which will involve minting new tokens, but this month is just about growing the holdings and backing future mints.