Updates on My Goals for GLYPH

In a previous post, I explained that I was trying to gather 100,000 ALIVE, in addition to the 100,000 HEARTBEAT already planned, to move my GLYPH token project forward.

You can find that post here:
Funding GLYPH — Build, stake, grow together

Today, this first milestone is nearly complete: I have just under 4,000 ALIVE left to collect. If everything goes as planned, I should be able to complete this phase in the coming weeks. Once I’ve reached this goal, I’ll move on to the next stage of the project—but I’ll share more about that when the time comes. 🙂

Here’s a snapshot of the @benef.alive account:

I’m also continuing to grow my HP

At the same time, I’m continuing to build up my HP. My goal is still to reach at least 20,000 HP of my own. I’m getting closer: I have just under 4,000 HP to go. Little by little, I’m making progress! ^^

Supporting the work around GLYPH

Meanwhile, @benf.neoxian is beginning work on stabilizing the GLYPH token. I continue to send NEOXAG delegations whenever I can, even though the account has already reached—and surpassed—100,000 NEOXAG.

I’m also continuing to delegate BEE to @benef.tribes whenever I’m able to.

Once the 100,000 ALIVE has been gathered, the next goal will be to delegate as much BEE as possible to @benef.tribes.

In the long term, @benef.tribes will have several important roles:

1. Contribute to improving the GLYPH token;
2. Help support efforts to stabilize its price.

How is GLYPH currently distributed?

Let’s take a quick look at the current distribution of the GLYPH token, based on the figures I recorded.

Adding together the GLYPH in my wallet, in liquidity, staked, and listed for sale, I get a total of:

394.104816 GLYPH

The reported circulating supply is 658.67030015 GLYPH. Subtracting the tokens I’ve counted from that total gives:

658.67030015 − 394.104816 = 264.56548415 GLYPH

That means approximately 264.565484 GLYPH remains outside the amounts I’ve counted.

Based on these figures and the information available when I took this snapshot, GLYPH is still holding up well for another day! ^^

Thank you to everyone following the project, taking part in the delegations, and encouraging me. Each step brings us a little closer to what comes next!

I’m continuing to curate by voting at 3.5% to support all posts that meet the following criteria:

• My mana must be above 96%.
• The post must be over 500 words.
• The author must have a good reputation.
• The author must not be blacklisted or muted.
• I don’t vote for NSFW, porn, sex, or related tags.

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As a reminder, rewards are limited to a maximum of 30 staked GLYPH.

Current GLYPH Staking Rewards

The current staking reward rules are approximately as follows:

• 5 GLYPH staked: approximately 0.00071 GLYPH per day
• For now, the limit is set at a maximum of 30 GLYPH per person.

This limit is necessary so I can maintain a reasonable reward rate and honor my commitments to participants. I’d rather start gradually with a system I can realistically sustain over the long term than offer rewards that are too high and may become impossible to guarantee in the future.

Since the project is still in its early stages, rewards may be adjusted in the future depending on the token’s development, the number of participants, and the overall performance of the system.

The goal is to build something stable and sustainable. I’d rather move forward step by step, with reasonable rewards and transparent operations, than promise amounts that are too high and could become difficult to maintain later on.