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This post is not financial advice
There are still about 985 more GLITTER worth of buybacks this month at the time of this posting. I have been burning the tokens that are bought back now that @thealliance Halloween event is over.
As of right now 1754 GLITTER have been burned.
Next month the buyback profit percentage will go up to 2%. In January we are switching to quarterly buybacks that line up with the UNICOIN buybacks. I expect those buybacks to be at a 3% profit to the seller.
As explained previously there will likely be a second buyback in February re- listing the tokens that were not bought back in January. This is because most GLITTER are locked in LPs as rewards and there just aren't as many tokens actually in circulation when compared to the buyback amount-especially at the quarterly buybacks. It's just a way to give more folks to opportunity to sell because everyday more of those tokens are distributed.
Like with UNICOIN I will always use the listed tokens in circulation to base the buybacks on, regardless of how many tokens are locked up. This way the buybacks always benefit the hodlers/seller as opposed to cherry picking which tokens are or are not counted as " in circulation". I hate it when projects skew the math to benefit themselves and I will never do that. I consider that to be deception.
The buybacks are based on tokens minted minus burns, regardless of how many are locked in as LP rewards.You can verify this by clicking on the "I" button on hive-engine when looking at the token supply (circulating).Buybacks will always be based on the listed circulating supply. GLITTER token buys back at least 15% of the circulating supply at a profit to the seller every month or (soon)45% quarterly.
This keeps everything honest and transparent even though it is a little silly to put in buy orders that exceed the amount that are in folk's wallets, which will happen at the quarterly buybacks.
New mints- I will likely mint new GLITTER at about a 40-50% rate once about 2000 more tokens have been burned. That basically means if 2k tokens are burned from buybacks in a month about 1k new tokens will be minted.This rate is not set in stone it's just a number to work with. That number may be higher or lower. I don't expect to mint any more tokens until January or later. Those tokens will go into the UNICOIN LP.
Of course all tokens are backed before mint. Though GLITTER is based on HE holdings, including LP, as well as HP the ratio is about 2x tokens backed, similar to UNICOIN. That ratio will go up as more tokens are burned. The ratio will also go up once HSBI tokens start paying dividends as this account will be hodling those as well (same with UNICOIN, HE tokens do count toward the HPH ratio, I just haven't included them in the UNICOIN stats yet). I expect the ratio for GLITTER to be 3-4x tokens backed to tokens in circulation within the first couple months of 2026. I have been having luck will some small scale arbitrage trading which helps.
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