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Phase #2 - Batch #1 - Week #5
We almost had the best buyback we'd ever had this week due to a huge arbitrage opportunity, but unfortunately our bot was too slow to act on the arbitrage leaving us unable to take advantage of the price difference between exchanges. We did however still collect approx. 429 Hive for the buyback giving us a relatively good week taking us close to the 50% complete mark. We believe next week we will hit 2500 remaining HBT to bought and burned. Our current estimate is anywhere between 10 to 15 weeks for the first batch to be bought back and sold.
Week #5 Stats
Hive for buyback = 429 (approx)
HBT tokens bought back and burned = 301.25
HBT remaining to be bought back and burned = 2835.5
Funds in off-site staking account = >$375 (more than)
Next Buyback
We are aiming to complete our next buyback on or before Monday 4th Jan 2021 please make sure you list your HBT tokens at anywhere between 1x and 1.5x hive on the market so we can buy them back.
