The First PIXYDUST Burn
Image created using ideogram
This post is not financial advice
I did the first ever PIXYDUST burn right before making this post. It was a small amount, 50 tokens but it's a start.
I haven't been doing any burns because there was still some demand for the token. Now that that has died down/I minted enough to full the orders I fgiured it would be a good time to do a small burn.
I don't think in general I will be burning tokens quickly for this account. but when there is an excess , or I do buybacks, swaps in the pool etc, the extra tokens will be occasionally burned.
I am keeping the supply low on purpose. I am not minting new tokens unless there is a need for them. I also do buy them back before I mint if that is at all possible.
The tip bot is very well stocked. A bit over stocked right now but I will be putting more tokens into the LP from that account soon. Also keep in mind the tokens the tip bot holds in the LP may at some point in the future be used to fund the bot distributions. We aren't anywhere close to needing that to happen , but that is part of the long term plan.
The tip bot is self sufficient. Right now it is earning more than enough in HSBIDAO divs to cover the distributions . The account is also earning enough tokens to purchase more PIXYDUST if that ever becomes something that is necessary. The tip bot is also earning a small amount from curation. I may look into other LPs for the tip bot account as well just to keep the income flowing.
I may delegate some HP from that account to @steembasicincome to get the HSBIDAO token divs. I don't have a lot of HP on that account so the amount will be small. I don't need the HSBIDAO tokens as it's already generating more than the distributions for tips in divs, but having extra on hand also allows me to buy PIXYDUST from the LP if I ever need to refresh the PIXYDUST tokens for tips or occasionally rebalance the pool. At current usage rates I won't need to add more PIXYDUST tokens to the tip bot for over 2 years.
Folks are slowly adding more to the LP, including myself and some of my accounts but others are in the pool too. I will probably add more PEPE as rewards as I get more coming in-just for fun. If the LP reward percentage drops I will add more GLITTER to the rewards to keep the APR high. I also have added a little PIXYDUST tokens to the pool last month and when I have some extra tokens I will add more. I will be adding more to the UNICOIN pool too once there is a suplus or I do more buybacks etc.
I will likely not mint new tokens this month unless of course there is demand, if there are buy orders or more people swapping in the pool I will mint more tokens to keep it as balanced as possible. Otherwise, I don't see a reason to mint more this month. I think next month I will focus a little more on paying myself back in tokens for setting up this account which will involve minting new tokens, but this month is just about growing the holdings and backing future mints.
Congratulations @pixydust! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 1750 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
!BBH !PIMP
I'm curious, do you have an estimate for how many HSBIDAO that you gain daily on each account? I'm trying to get some estimates for different levels of holdings. 😁🙏💚✨🤙
!ALIVE
!BBH
!LADY
!PIXY
!UNICOIN
View or trade
LOHtokens.@tydynrain, you successfully shared 0.1000 LOH with @pixydust and you earned 0.1000 LOH as tips. (1/6 calls)
Use !LADY command to share LOH! More details available in this post.
Hmmm....now that sure is a question. Are you looking for raw numbers or a percentage or both? Right now I all accounts have 1k or more , between raw holdings and the pools. The account with the least is @glittertoken ...actually @pixybot has the least with about 650 ish. I can grab the numbers from that account and this one(the most) pretty easily. I just track it the lazy way for now. I keep 100 in the tip bot account and when I see that 100 growing everyday despite the tip bot distributing tokens, I know I am earning more than is going out. !PIXY !UNI
I thought so too. Basically, for the past months I've been searching, researching, hashing numbers, and wracking my brain for a way to replace the lost weekly HIVE income for the We Are Alive Tribe, so that we will be able to continue with distributing HIVE in our daily ALIVE dividends, and to our HP delegators, mostly without success. For the resources that we have available, there's just not any viable means, either via HP delegations, or income tokens, to make this happen before our chunk of HIVE on our main community account, @hive-155221, runs out. It all used to be very sustainable, then things went south at the beginning of the year. HSBIDAO appears to be our best option, If I'm able to grow our holding in time to eventually be able to swap a portion of it for HIVE each week. So I was most wanting to get an idea of how much HSBIDAO is gained for holding different amounts of it, and since you have it on multiple accounts, I thought that I'd just ask you. 😁🙏💚✨🤙
!ALIVE
!BBH
!PIXY
!UNICOIN
I am using it more for liquid HIVE too when needed. Since they have a permanent buy wall it's easy to do. I haven't needed it yet but I have sold some recently for HIVE in various accounts. Sometimes you can sell at a profit too. Lately it's all been selling at a profit for me. Same can be said for EDSI . I earn the tokens from delegating and can sell them whenever I feel like it. In the meantime, they earn HIVE divs. I am also finding that delegating to ecency for liquid HIVE is working out pretty well on one of my accounts. Basically I use multiple sources for liquid/potential liquid Hive/swap.hive. It's my way of funding the token buybacks /lP balancing without needing to power down very much/if at all. Post earnings right now help with getting liquid HIVE too but those are less predictable. !PIXY !PIZZA
That's excellent, and thank you for sharing that. The idea of course is always to have multiple streams of income for any asset, to create backups and redundancy, which in the current blockchain economy has been a fair bit more challenging. We lost a weekly income of over 50 HIVE from our @bee.voter BEE delegation, so it's not exactly easy to replace with the current options. 😁🙏💚✨🤙
!ALIVE
!BBH
!PIXY
Just to clarify...there''s 100 in the tip bot itself and over 500 in the LP so total it's about 650-ish. I add more to the LP after the tokens in the bot hit 101 or higher that way I can keep the amount in the tip bot around 100 and keep and eye on tokens out vs in. In general HSBIDAO divs are about what you earn from curation with equivalent HP.
OK, that's helpful to know, though didn't your HSBIDAO-vs-curation experiment show that HSBIDAO earned a bit more than curation? 😁🙏💚✨🤙
A bit more on average yes.
OK, that's what I was figuring. 😁🙏💚✨🤙
Congratulations on reaching this exciting milestone! 🔥 The first PIXYDUST burn is more than just a token event—it represents progress, community participation, and a commitment to strengthening the ecosystem over the long term. It's encouraging to see initiatives that focus on sustainable growth and value creation. Wishing the project continued success, and I'm looking forward to seeing how the community evolves with future burns and new developments. 🚀✨
Thank you su much for the kind words. I (and my husband) work hard to keep the projects sustainable. In fact that's what they're built for. !PIXYDUST !UNICOIN