Project Update #1
We have had a very good start to our project, and we recently got started with our first ever buy backs! Let's quickly run through what's happened and the all important stats...
100 tokens were sold daily
9.3 HBT tokens bought back
815 Hive powered up
10k Hive power delegation
Over $150 in off site staking fund
While our buy back was very small this week, we're confident it will grow fairly rapidly as we're sitting on over 10,800 hive power in total following a good curation trail and handing out some bonus upvotes to HBT token holders along the way. We are expecting next weeks buy backs to be at least 20 Hive, so make sure you get your sell orders in place!!!
Get Involved & Buy HBT Today!
You can buy our token now from https://hive-engine.com/?p=market&t=HBT and get involved with our project in it’s earliest stages!!!
PS - Website Update
We are working hard with our development team to get our website up and running as soon as possible, we do not have an eta on when we will release but we are confident that it will be within a month or two. We're aiming to integrate some tools for investors on our website such as stats, holdings, delegation tool, airdrop tracking and more... Once we have more to update you with we will.
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BEER.Good to know some of the tokens are being bought back. Are you buying them at a higher price or the lower first.
Hi @teenagecrypto, unfortunately hive-engine will only allow us to buy from the lowest sell up, even if we set our price to 5 hive. We're buying more tokens back at the end of this week between Friday and Sunday, and we expect the number of tokens bought back each week to rise, we've just hit 11,000 HP for curation which is a 1000 increase since this post!
You will eventually buy back at a higher price right
Hi @teenagecrypto, all tokens will bought back by us at a higher price, this is the guarantee we offer! We can not guarantee at how much the price will be, because if someone lists their tokens lower than yours then that persons tokens will be bought first.
We can see the lowest sell order is currently 1.10 hive per token, this users token will be bought first giving them a 10% profit if they bought from the issuing account at 1 hive per token. Then there are some sell orders at 1.50 hive per token, when we buy those back that user makes a 50% profit if bought at 1 hive from the issuing account, so on, and this goes up to 5 hive per token at the maximum we will buy tokens back for.