Welcome to another SCV update and burn post, we enjoy being able to burn the token every week as it makes our stake more valuable.
We also wanted to keep the community up to date with the tokenomics and dividends. Remember we own 2 Splinterlands community validators and that is where the profit come from. However we also use the rewards from
this post to support the project.
Remember we have a buy back and burn in place weekly and also we use some of the dividends to create a buy back wall giving you liquidity! We split this 50:50 between the two.
Current Price
The price took a hit earlier this week with someone cashing out and didnt allow for more buy orders to be placed and sold to the market this hit the chart but only lasted a few hours before some small buys were placed and price is back to last week.
Price has remained pretty stable considering the whole crypto market is down. This is probably due to the dividends being pretty good overall.
Over the next few weeks we will reduce buybacks and build the floor price then resume further buybacks
Dividends
All SPS rewards are being used as dividend payouts.
Dividends are distributed multiple times a week
Over 300 sps weekly are being distributed
Half the Voucher rewards are being used for buybacks the other half is to support the buyback wall. This current format is insuring investors are getting a very good return and tokens are also being bought off the market and burnt which is keeping the token price slowly trending upwards..
Token stats
As you can see we have already burnt a substantial amount of tokens and we are working clearly to the plan.We love burning the tokens as it gives more value to everyone and there is 0 inflation on this token. The current token stats are as follows:
Total Supply
10542276.4065
Circulating Supply
918390.9875
8.7% burnt
Burn time
This week we are burning 4944 amount of tokens this will help to increase the dividends to all the current holders. Burn baby burn!
Community holders
We wanted to tag community holders to keep them informed of the projects progress.
If you have any questions then please come to the Hive Builder discord where we are always happy to answer questions: https://discord.gg/XApNVAtC or go to our website for more information about all of our projects: https://hive-builder.com/
If you do not want to be tagged in future updates then please let us know in the comments
and we will remove you.
Burn post are done once a week
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Hello
is this project still going?
I just bought 1500 SCV
Is the buywall still at 0.02?
Many thanks!
looks very promising!
The project is still running
Currently sps divs are paid out usually once a week occasionally more often
The buybacks have stopped due to vouchers price dumping badly and that's where the buybacks came from. As soon as the proces recover we will be resuming buybacks.
For now just enjoy the sps dividends and remember the tokens are all backed by splinterland licences so if we ever decide to end the project, licenses will be sold and all tokens will be bought back meaning noone should ever lose any money
Thanks for the fast answer!!
good to hear its still going
then i will keep adding SCV
i read the payout is 300 SPS per week for 900M SCV
it should be around 15 SPS a year for every 1k SCV?
Honestly have no idea but I wouldn't argue that math lol
There are 900k remaining
yeah
300x52/900kx1000= 17.3 SPS/year/1000 SCV
thanks for the info!
hope you can resume the buy backs at some point, and adding a 3rd node too!
Thanks for the great update! I appreciate what you have been doing for this project!
Posted Using LeoFinance Beta
Thank you for the kind words. Appreciate your support
Thanks for the update and dividends !PGM !PIMP
You must be killin' it out here!
@dynamicrypto just slapped you with 5.000 PIMP, @hivebuildercomps.
You earned 5.000 PIMP for the strong hand.
They're getting a workout and slapped 2/3 possible people today.
Read about some PIMP Shit or Look for the PIMP District
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Just a heads up your discord link is expired and so is the one on hive-builder.com
Well the infinity sign has a end date lol
Thank you will update it
likely discords way to attempt to pay for boosting servers for a permanent custom link is my guess... maybe recent updates did this also.... thanks will click again soon
Great progress. Keep up the great work.
Thank you for the support
Great update as usual ... keep on burning!
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