Transaction Transparency and New Burn Account

If anyone has been watching you may have noticed I have sent some Hive from the unicoin.hsbi account to my main account. I want to explain that.

On discord I gave folks the option to do the HSBI exchange earlier than the official announcement/exchange event. The Hive is coming for the main HSBI exchange budget. Folks who participated early will need to wait until next month so there is no double dipping and everything is fair for all.

I also gave people the option of choosing CENT exchange at a 10% bonus as opposed to the HSBI exchange at 20% bonus. I have more CENT and swap.hive on my main account so I transferred 11 Hive each transaction to pay for the CENT. I then sent it from @cryptounicorn420 to this account and sent it to the folks who exchanged their UNICOIN for CENT. For 10 UNICOIN they received 11 swap.hive worth of CENT at the time of transfer.

The regular HSBI event will start soon after the presale ends on the 20th. No one has missed out. I am simply doing a trial run for folks who are on the discord server.

I also created a unicoin.burn account. This is , you guessed it, the account where the tokens to be burned are held. Some of these tokens may be sent to posting partners or the tip bot and not all will be burned . The tokens there are the ones I intend to burn but I will use them for other things first. Think of it a a holding cell. After a little time has passed ,the tokens will slowly be sent to @null to be burned. I want to make sure that the posting partners and tip bot have plenty of UNCOIN first, hence the waiting. Burning is permanent so best to be 100% sure.

Speaking of burns a small amount has already been burned. This is from my @giveandburn account as well as a posting partner who does giveaways/burns. It's not a big amount but it's something.

I won't start the regular burns until after the presale. I will likely post a weekly , maybe twice a week update on tokens burned moving forward.

I will start slow in terms of burning. I want to be careful and not get too excited and burn too many and then go back and immediately mint new ones. That's just inefficient.

Reminder the pre sale ends on May 20th, likely in the early morning . After that no regular token sales will be done. Tokens will be distributed via the tip bot by delegating HP to this account and also through giveaways/promotions/partnerships. Remember all UNICOIN are backed (mostly by HP) BEFORE mint. Right now it's looking great

Circulating supply -1048

HP: 1283 (probably slightly higher as this post is scheduled the day after it was written)

As you can see that's a surplus of 235 HP to token ratio which is an outstanding start. The HPH (Hive power holding) ratio will only go up from here. Proving this is a sustainable program out the gate.

We're just getting started. The numbers look great. Slow and steady growth is the way to win here.

I am not including liquid HIVE or the small amount of HBD or swap.hive in the accounts associated with this token in this calculation, as those tokens will mostly be spent on the HSBI /token exchanges and buybacks.

Oh and most of the Hive sent from the unicoin.HSBI account to my main account was used to buy HSBI units for this account anyway. That won't always be the case when folks choose to exchange tokens other than HSBI. It's something I chose to do to help build this account .