Buybacks for September and Quick update


This post is not financial advice.

I will be putting a buy order soon for September's buyback. The rate is 1.035 swap.hive per UNICOIN.

Next month the rate will be the same but we are switching to quarterly buybacks so the amount bought back will be approximately 3x to cover 3 months. I may also do smaller buybacks during that 3 months .We shall see.

We had a minor issue with the bot the other day, nothing serious. It just crashed so if you see delayed tips these past few days, that's why. It's all back to normal now. Of course this happened right after someone newly delegated lol

Other than that, gearing up for the launch of the liquidity pool in October. That will take place after the buybacks have been initiated.

The GLITTER token account is also slowly growing. There won't be a pre sale or anything but if there are buy orders for 0.01 I will likely fill them. I accidentally bought some from myself the other day lol.

As I explained previously the @glittertoken account will also be a market maker for both GLITTER and UNICOIN. It should help keep the price stable(ish) between buybacks, for those who care about such things. As I explained many times the price of UNCOIN (and GLITTER)does not really matter in terms of sustainability because the value is stable/increasing. Also the value of the accounts backing these tokens comes from sources other than sales. Enjoy the arbitrage. It's built in for your benefit- if that's your thing.

I have observed that some folks simply want to sell between buybacks even if it's a below market value , so the GLITTER token account is buying those , both UNICOIN and will be doing the same for GLITTER. Of course other folks are encouraged to do this if they choose to.

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