Phase #2 - Batch #1 - Week #11 + Important Update!

in #hivebuilder3 years ago

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Phase #2 - Batch #1 - Week #11


We have had a relatively good week earning approx. 350 Hive to use towards the buybacks this week and we are now within closing distance of only 777 HBT remaining to be purchased from Batch #1. We completed our buyback on Monday 9th Feb 2021.

Week #11 Stats


Hive for buyback = 350 (approx)
HBT tokens bought back and burned = 288.7
HBT remaining to be bought back and burned = 777
Funds in off-site staking account = >$375 (more than)

Important Update


We have an important update to the Hivebuilder project. We have unfortunately had 2 of our 4 earning methods come to an end, since Feb 2021 one of our bots will no longer continue to work. This will leave us without approx. 30 to 35 Hive per day and was probably our strongest earning bot by far. As a result we have taken the decision to delay our next sale of tokens until we have our new method of earning fully set up and working.

On this note we are planning to start a small GPU mining rig which will be expanded through the HBT program. Unfortunately due to covid-19 the stocks for the hardware is increasingly harder to find, it's out of stock literally everywhere including the manufacturers! This means we are going to have to wait until we can start mining and thus Hivebuilder will be on hold for the next month or so while we acquire our mining rig.

We will buy back all HBT on the market now at up to 1.2x Hive price and we will complete our next buyback on Monday 16th Feb 2021.

Don't worry, we are not going anywhere and things will resume as normal as soon as they can! We'll continue to provide 20% profits on our HBT token moving forward, so stay tuned for updates!

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Bang, I did it again... I just rehived your post!
Week 43 of my contest just started...you can now check the winners of the previous week!
2

Well that’s too bad. What happened to the bot?

Unfortunately the bot will no longer work with a few of our applications and this happened unexpectedly so were unable to plan for this.

The buybacks will continue as normal until Batch #1 is finished, they will just likely be a little smaller than usual as our profits are temporarily lowered while we resolve the bot issue.

We have also been planning our new mining rigs but have been delayed here due to the global stockage issue on hardware. We're hoping to see new stock coming soon, so we can get up and running!