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Phase #2 - Batch #1 - Week #6
We have enjoyed a slightly better week than last week, and we're starting to get into the routine with our bots and arbitrage opportunities. We're currently working on improving our arbitrage returns to maximise buybacks moving forward.
With approx. 512 Hive for buybacks this week we easily hit the 50% complete mark within the first 6 weeks of Phase #2, this means if we can complete our buyback of batch #1 fully in 12 weeks then people are looking at a whopping 200% APR if you buy tokens, sell at 1.5x then repeat. This doesn't take into effect any compounding.
Week #6 Stats
Hive for buyback = 512 (approx)
HBT tokens bought back and burned = 348.75
HBT remaining to be bought back and burned = 2486.8
Funds in off-site staking account = >$375 (more than)
Next Buyback
We are aiming to complete our next buyback on or before the 11th Jan 2021 and we expect the buyback to be of a similar amount to this week.
Making sure to upvote u guys whenever I can
Thank you, don't forget to put your buy order at 1x Hive price for the next batch which will be released within 2 weeks time!!! We wouldn't want you missing out on a nice 50% profit....
Gotcha
Thank you!
You are welcome!!! Don't forget to get your buy orders ready at 1x Hive for the next batch, which will be released within 2 weeks time!!!
I will reset them. My Buy Orders had expired.