We have finally reached a milestone moment in the winding down process with the backlog of buybacks cleared!
Please read below.
As mentioned in the previous post, from now on I shall post after doing the bulk of the buybacks, usually on a Tuesday. This also saves me from forgetting to post!
Let me also take this opportunity to make the posts briefer. Anybody interested in the long-form can be directed back to here.
M News
The last token distribution was on 1 November 2021. It is now time for members to sell their tokens and undelegate. Thanks for your support and trust, and I hope everyone has made a decent profit.
Power-downs and buybacks now usually take place on a Tuesday. Some extra buybacks may take place due to third-party token sales.
As I said at the top, we have finally cleared all the open sell orders on market and hence have almost completed the buyback program. Less than 1,000 M tokens remain with members.
No further new delegations shall be accepted - this includes increasing current delegations.
Thanks to all delegators for your support. If there are monies at the end of the winding down process, they shall go to MAPR, which is where the value originated.
In the last 2 weeks I have tagged 21 users - only one has acted. I have no intention of waiting for ever, so shall start to decrease the buyback price from next week.
Here is the final list of the remaining delegators. Thank you for your support and I hope you come and cash in your earnings.
@sinochip
@spaingaroo
@blue.rabbit
@heart-to-heart
@cstrimel
@mariannewest
@biffybirdcam
@kerlund74
@china.mobile
@kizumo
@davidesimoncini
@funzies
@sgbonus
@uday20
@roselyn028
@networker5
@khamen
@devyleona
@elizacheng
@g10a
@khan.dayyanz
I shall not be repeating this list.
As I said, the buyback price will henceforth start to drop every week. At some point I will have to set a final hard deadline.
The Numbers
Distribution to delegators = closed
Buyback price = 0.960 HIVE (+0.000)
M tokens in circulation = 970 (-380)
New delegations now closed.
You can check older metrics at this last distro post.
The story of M:
Have a fine week!
Any questions, please ask in the comments below or in our public chatroom.
[BUY MPATH] - [READ MPATH]
[BUY M token] - [READ M posts]
View or trade
BEER.Hey @accelerator, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Sorry for the late response. I have missed the precious notice. So now what I need to do is to sell off my M token and undelegate?
Yes, looks like you've done it -thanks!
Hello! Dude, I made a transfer 8 days ago from 39 HIVE to your account by mistake. Do you think you can do a backhand? Greetings, excuse me and happy night. I hope you will be so kind as to do the reverse for me [Memorandum: 102260152]
OK, I see it - plus all the memos - faster with comments.
not enough liquid, so will have to wait for the next powerdown on Tuesday.