Hello everyone, how are you doing, my fellow SEED holders?
I know it's been a few 'boring' months from the headquarters but this is how it should be from time to time. You get excited with an idea, a launch, and being the 'next shiny thing' but after all the hype dries up it comes to the hardest (& usually the darkest) phase.
To build-up. To grind non-stop
And this is where projects die in life IMHO.
They try to do many things at once, without completing a single one of them. Or they try to please everyone or (most of the time) the newcomers, forgetting about who raised them up in the first place.
SEED; or a ''security first'' approach
For those of you who may have had the opportunity to change a few words with me regarding the direction of SEED, you probably already know that I despise the 'marketing events' or the 'let's attract new money' narrative. I'm never sacrificing overall security Vs 'possible' short-term profits.
I am obsessed with the fact that a SEED holder can always claim his fair share of the pie without a big delay. A situation in which it's still not ideal, but we're progressing.
Remember, this peg comes from dividing ALL the owned assets between ALL the SEED supply. We have 178K$ floating around and 100K little seedies so, quick maths shows that 178/100 = 1,78$
I'm 100% sold on cold-hearted, stand-alone results (and that's why I'm always emphasizing on clarity when I publish the bi-weekly reports, for example). No need to say that I'm all-in regarding favoring old investors vs new ones.
Another friendly reminder: you can always redeem your SEED for this pegged value. Just contact me and we'll arrange a deal. No need to worry about exiting with big amounts on the open markets (I keep reminding because I still see people not using beeswap pools or selling under the pegged price which is literally giving away money to another guy (smarter than you).
Roadmap checklist?
Today I was checking my first SEED Roadmap and I was shocked to realize that most of the objectives/Goals for that moment had been accomplished.
The token exited it's 'first phases' and is now fully sold, and we have a model for admin fees in the form of 'Protocol Owned Liquidity' (although it's still a prototype and it's currently discontinued due to market conditions), there are only a few points remaining from the 'endgame' to address:
Phase 2 or 'Endgame' phase [+1 year]
My official response to what happens at this point is 'I don't know'.
I won't be working on any of this yet (however I'll be doing my own diligence on the different matters). My #1 priority will be keeping funds safe 100% of the time and generating profits to increase the underlying value of the token.
- It's still 'I don't know' btw. #1 Priority remains.
Few ideas:
- Setting up a DAO; Decentralization of the treasury. (R&D in progress...)
- Liquidity Pools for HBD-[token] ✅
- Setting up a Witness on HIVE and/or Hive-Engine. ✅
- More automation on the management. ✅ (Continuous work..)
- Partnerships with other projects. ✅
- I'm doing R&D from time to time on the DAO features, I'm not there yet, although it's not my #1 priority.
- Liquidity pools were created as a tool to enhance liquidity & UX.
- I created my own Witness rather than a 'seed owned' one. Since I'm covering 100% of the costs (~85$/mo) I'm treating it as mine. Rewards, however, are being held into a separate curation account (@powercompound). It's and has always been a 'long term commitment' to Hive rather than a 'for profit' venture.
- This one is continuous work and I have the contact/s required to automatize a few things around our structure, but this is not something really needed yet and I prefer to do it on my own.
- SEED is a 'one-man project' and is being kept small on purpose (and will remain so for the time being). This, however, has not prevented me from forming links and having contact with the owners of other projects like chrono from UTOPIS and jongolson from ctp. Neither of us needs the other, but as inhabitants of the HE ecosystem we have a cordial relationship and will probably not hesitate to collaborate if the situation requires it. I'm sorry since it's not 2017 anymore and partnerships doesn't pump prices by itself ;)
SEED 'depegging'; you wanted out anon? this is your chance.
For a few months and thanks to the help of the SEED-HBD pool, it's been a very easy task to keep SEED price relatively stable near to the peg (currently at 1,78$ ). This measure, although very boring, grants a lot of security for everyone involved and it's very friendly regarding people aiming to arbitrage around that price since you know a pivotal point where the price will always head to.
Today, I'm announcing a slight change on this.
From now on, I'll stop all artificial efforts to the downside (from a fund manager perspective) to effectively peg the price of SEED around the AUM value. I WILL KEEP DOING SO IF IT FALLS BELOW!
That means if the price is above the AUM value, I won't dump my own SEED (or use seed assets) to 'control'/supress the price.
MOREOVER: I'm heavily interested in buying SEED from other people; so much that I'm willing to pay each above its pegged value. Just list them for sale... and I'll come after them if the price is juicy enough.
I already cleared up the HE orderbook, & swept up all the SEED under 3 $. As I've exited partially the pool the APR now is 17,6%.
**You might read this word on the reports, but in case you don't understand; AUM = Assets Under Management.
Questions, Doubts, Inquiries?
100% of blogging rewards paid to @seed-treasury.
Remember you can follow the portfolio in real-time here:
https://cointracking.info/portfolio/seedtreasury
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Witness account: @empo.witness
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Good luck and thanks for sharing!
!1UP
thx!
In Empo we trust :)
Posted Using LeoFinance Beta
:) I like your approach to it.. especially how you stick to your plan and are not caught up in the hype/the new and shiny.. :P Congrats on achieving what u have already and continued success to u..
When you're using your funds it's another thing though, thanks for the support :)
🤠😐 yes, for sure.. c'mon crypto!
Lol. I noticed all the SEED disappeared on Leodex as have been buying small amounts every day. Just do what you do best and that is growing value.
Try beeswap better! You'll get better prices most of the times!
https://beeswap.dcity.io/swap?input=SWAP.HBD&output=SEED
Thanks for checking in! Just keep doing what you're doing because it's good enough
Posted Using LeoFinance Beta
Thx :)
Thanks for the update. I was buying some on the secondary market too when I noticed that it was priced really low. I think I picked up a couple dozen or so if I remember right.
Posted Using LeoFinance Beta
Good one bozz! :)
Fine Empo. Nice to hear from you.
Thanks for the update.
See you in December or when 1Seed = $10
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Meh, this won't happen tomorrow (but eventually should)
Hope you're doing great :)
Mine are for sale, 100 hive a piece.
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Gay
fat upvote for this man please.
Homophobe
I think the de-pegging is fine. After all, it's what the markets are dictating. I guess this also means that people can make some money just by buying up the SEED and then reselling it to you?
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Not necessarily, but since I'm regularly buying (and I'm already paying a premium) if you bought SEED in the 1-2$ range you can flip it now for up to a 300% profit assuming you bought in the first sale at 1$ (I can't guarantee to buy up a chunk of thousands).
You have received a 1UP from @ivarbjorn!
@leo-curator, @bee-curator, @vyb-curator, @pob-curator, @neoxag-curatorAnd they will bring !PIZZA 🍕
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I increased my holding by 25 seed, though it is small but who know what you get in future can explode and in turn explode the SEED price to.
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It's more about a slowly 'number go up' :)
Charts starting build the bottom.
What does it mean?
Technical uptrend.
But i like stables.