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This post is not financial advice
I just wanted to wrote a quick post. If you've seen any unusal activity with UNICOIN. Someone sold at a loss and I re balanced not only the LP but also the regular market.
That's why I have a couple of accounts playing market maker. It's mostly the @glittertoken account but this round my @cryptounicorn420 account also participated.
As I mentioned earlier I was planning on a bonus buyback and I did buyback some tokens already. The @unicoin.market account has bought back most of the tokens my alts bought to balance things and it's now back to baseline.
I noticed some trading bots are now taking advantage of the arbitrage . I noticed this shortly after the LP was launched.
What I suggest for folks that want to participate in the scheduled buybacks is to put your sell orders in a few days before the first of the month (right before the quarterly buybacks). This way when the buybacks are active you will have a higher likelihood of being able to sell before others do.
I can't do anything about the bots, as long as there's some arbitrage , which UNICOIN has by design, the bots will seek it out. This isn't a bad thing, just a thing. If anything it helps those in the LPs earn a little fee from the trades.
Once again I remind folks if you ever see the price drop dramatically, either in the market or in the LP which will sometimes happen, rest assured I am paying attention and have accounts set up to correct it. Also I got some UNICOIN for cheap on some of my alts which I am always happy about.
So this bonus buyback was bigger than planned but it's all good. I got to burn more tokens and I'm happy about that.
It's like 2:30 am here so I am gonna end this post a little shorter than usual. At least tonight my insomnia was put to good use.
Thanks for the market making! I added some liquidity to the pool with my other account.
I didn't know about this but now I see it.
I hope you sleep well. Have a good night and a great day tomorrow!
!ALIVE !UNI !BBH !PIZZA !LADY
It's happened twice now (once several months ago). I enjoy getting the tokens for cheap, but I wish folks would contact me for the guaranteed buybacks so they don't have to sell at a loss. It is a good deal for the program though, getting the tokens below 1 HIVE. !BBH !UNCOIN
!UNI
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