Buybacks Start Late Tuesday/Wed morning and Quick Update

Buybacks will start either Tuesday night (New York time) or Wednesday morning. Just giving y'all a head's up.

How it works is simple. I will place a buy order for 1.01 swap.hive. This is a first come first serve thing. No personal limits but the buyback total for the month will be 50-60 tokens.

This is how buybacks in general will work. The buyback price will increase slightly over the next few months as this account gets more established.

Speaking of which the monthly (or in the near future quarterly) buybacks will likely create arbitrage opportunities. I have been playing around with that on my personal account. Buying tokens between .95 and .98 and that account will participate in the buybacks at 1.01 swap.hive. Which is a small profit. Now imagine that's every month.

I will write a more detailed post on that soon.

Remember the price doesn't really matter because of the scheduled buybacks and the guaranteed buybacks. The value of the token doesn't change even if the price dips.

I like when I can get coins cheaper than 1 swap.hive. All the tokens on my main account that I will be selling during the buyback this month are tokens that I purchased.

I will start paying myself back in UNICOIN slowly next month, likely after the next HSBI exchange.

I will publish a post on Wednesday announcing the buybacks but it's possible it will start Tuesday night. I will announce that on discord if that happens.