This post is not financial advice.
I have started the November buybacks a couple of days early. There is now an active buy order at 1% profit to the seller. This is the first official scheduled buyback for GLITTER.
There will also be a buyback on or around December. Starting in January, the buybacks will switch to quarterly just like with UNICOIN. I will likely do a second buyback in February as I don't think all the tokens will be bought back in January, This is because the buybacks are based on actual circulating supply.
However, most GLITTER is essentially locked in LPs and so they are being dripped daily. There are far less tokens in people's wallets than minted. Since the quarterly buybacks will be a large percentage of circulating supply, the buy order will expire before folks sell back all the tokens becasue they aren't all in people's wallets yet.
I base the buybacks on tokens in circulation as listed. Which is tokens minted minus burns. I don't do any deceptive/selective math. I count all tokens minted and not burned just like I do for UNICOIN. That math always favors the hodlers, not the project. I don't do deceptive math to make the numbers look better or make things easier for the project. Every token counts regardless of which wallets they are in (or in this case locked in LPs).The numbers are what they are.
I haven't done any burns yet but I will soon. I am waiting for the Halloween contests to finish from @thealliance as I am contributing GLITTER as prizes to participants/winners. After those prizes have been paid out, I will start the burns.
Most if not all tokens bought back will be burned as designed.
❤️🦄
!BBH !PIMP
You also are very transparent on what you're doing and why you're doing it. I appreciate that; thank you very much!
!PIZZA !BBH !UNI !LADY
Awww thanks. It helps keep me focused too. I sometimes think I give too much detail but I'd rather do that than not enough . !BBH !PIZZA
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