PEPE Power up and Comment and Win SPS or PEPE
Image is a photo of me powering up PEPE
My first PEPE power up on this account. I powered up just over 14.k. Not bad for a start. I can't really do these posts on the @uni-coin account because I have it set to automatically stake. I suppose that makes every day PEPE power up day.
TLDR GLITTER is very similar ot UNICOIN in that it's backed by HIVE/ Hive-engine assets before mint, and regular buybacks and burns will occur. GLITTER are pegged at .01 Hive/swap.hive. This will be a rewards token for the liquidity pools. More emphasis on buybacks than with UNICOIN and a larger % of circulating supply will be bought back. The burns will also happen a lot faster too.
Comment and win:
I know I haven't revealed much about GLITTER yet. I'm not being secretive . I just am struggling with the cognitive energy to get the whitepaper done.
However I am offering 1 SPS or 4200 PEPE -whichever you prefer -to the first 5 people who comment with a question about glitter token. I may not respond to your question immediately , but I will gather some questions and answer them in future posts.
The deadline to comment and with the SPS or PEPE is 7 days after this post goes live. You can only win once even if you ask more than one question to keep it fair. Be sure to tell me your token preference in the comments.
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STOPGlitter token will be a reward token for the upcoming UNICOIN diesel /liquidity pools, is this accurate?
The Glitter I know is the once inside the Splinterlands game
I didn't know that. I don't actually play Splinterlands I just have some of their tokens. Glitter goes well with unicorns (UNICOIN)like peanut butter and jelly.
Nice #PEPE Power UP!
I used to do the PEPE Power Up every week, but now there are a few LP pools with PEPE and it's not obvious to me if there are advantages to Staking rather than using the pools. I need to do calculations to find the yield on Staked PEPE so I can compare it to what shows on hive-engine for the liquidity pools. Then there is impermanent loss factor which makes the decision even harder.
Looking forward to the Glitter Whitepaper!
I will be interested to see what Glitter brings to the table. Unicorn by itself seems fine but one more token in the system could possibly be helpful. We have many many PEPE versions, most of which I bought but there is little current activity or interest. But I still love my PEPE related tokens and I HODL and not sell!
On the other hand, we see what LEO has just done with adding LSTR and SURGE, each with a crystal clear reason for existence and future goals with actual paths forward. So far, they are a great success, but again it is early days for them.
So I'll be looking for a real reason for Glitter to exist, rather than just creating another coin and seeing if anyone is interested. Having a plan to make your token catch on and be in demand is one way to go, but really just making a new token and hoping for the best is almost as valid! Throw it out there, with or without a plan, and see what the people do with it.
Questions
So Glitter is planned to be pegged. How will you peg it? Large buy and sell walls around 0.01 HIVE on hive-engine? Why would someone acquire Glitter rather than just buy HIVE? If it is some sort of reward token for LPs, why not just use UNI to reward that? Or use HIVE itself as a reward since Glitter is just 1/100 of a HIVE?
Well that's way more than enough questions after way too much commentary, but it is what it is. Sometimes it is good to put our thoughts on paper, or in this on an immutable blockchain!
Wishing you all the best with UNICORN and GLITTER!
!PEPE !BBH !UNI !LADY
If you're still offering something for questions, I'd like PEPE please. Thanks!
View or trade
LOHtokens.@kenny-crane, you successfully shared 0.1000 LOH with @glittertoken and you earned 0.1000 LOH as tips. (2/7 calls)
Use !LADY command to share LOH! More details available in this post.
"How will you peg it? Large buy and sell walls around 0.01 HIVE on hive-engine? " Essentially, yes. Though some buy orders will be just below .01 for those who want to dump/sell fast (like .009+ no lower than that from the official account)
"Why would someone acquire Glitter rather than just buy HIVE?" Because like UNICOIN some of the buybacks will be above the .01 Hive peg so 100 is worth more than 1 hive during scheduled buybacks (much higher % of supply bought back and higher buyback amount too).
" If it is some sort of reward token for LPs, why not just use UNI to reward that?" UNICOIN are a low supply and the tokenomoics/ main distribution is through delegating HP and using the tip bot. Adding UNICOIN as a reward could and likely will de -incentivize some folks from delegating HP. Glitter will also have some funding sources UNICOIN does not have . Glitter is more experimental in some ways. Think of it as A/B testing type thing but with slightly different assets.
"Or use HIVE itself as a reward since Glitter is just 1/100 of a HIVE?" I will have both swap.hive and glitter (and other tokens) as reward in the ponds. Having it pegged to 1/100 gives more flexibility ,especially if Hive pumps. Great questions. I will elaborate more in future posts. PEPE sent. !PIZZA !HUG
Great answers! I can see you have put a lot of thought in your tokens.
Thanks!
!PEPE !BBH !LADY
$PIZZA slices delivered:
@glittertoken(1/15) tipped @kenny-crane
Come get MOONed!
Will there be staking rewards for the token?