Image by Vlad Vasnetsov from Pixabay
Disclaimer: This post is not financial advice. If you decide to follow what I am doing you do so at your own risk. LP on Beeswap
It launched yesterday. I have been posting about it on the @uni-coin account for a while now. Here are some basics in case you are just hearing about it for the first time
The target average APR for the rewards in the pool is 20-50%. This is achieved from multiple sources including profits from other pools , curation, as well as outside funds. Rewards will be added regularly to keep the APR in that range.
I am building the pool slowly over the next few weeks in terms of liquidity and rewards.
There is a 1% daily bonus capped at 100 days.
There will be low liquidity in the pools due to the very low token supply (this is done on purpose). The pool is basically there to provide rewards. If you wish to purchase UNICOIN tokens I suggest you try the market first . With low liquidity in the pools right now you may be over paying slightly. I am trying to balance the pools every chance I get. If there is demand I may mint more tokens if there are active buy orders. That already happened once since the launch. I can't guarantee that as I keep the supply low for a reason but if there are buy orders I may fill them or someone else may as well.
The main distribution of UNICOIN is through the tip bot. Our tip bot is unique, . use of the tip bot involves delegating HP to the @uni-coin account (minimum of 25, in increments of 25) instead of folks needing to hold or stake tokens. This allows the account to earn through curation to pay for the tokens distributed. Currently folks can tip UNICOIN and CENT tokens using the bot command . Sender and receiver get an equal amount.
Please note even though there is an HP delegation this is NOT a delegation for vote service. It is strictly to use the tip bot. Lots of folks get confused about that because we are the first to have HP delegations as a requirement to use a tip bot on HIVE. This is for sustainability of the token-curation earnings back the UNICOIN tokens distributed by the bot (the CENT tokens distributed are backed from earnings from the CENT LPs as well as some curation and author rewards). It is also less risk of loss for the person delegating as delegations are not purchases and can be revoked at any time
This account is in the LP just like any other account. The UNICOIN are tokens I already paid for months ago and the swap.hive pair is also from my personal assets. There was no pre mint or anything like that.
ALL UNICOIN are backed by HIVE/ HP/HE assets before mint and remain backed. Currently there is twice the amount of HP to circulating token ratio though that amount may go down slightly if I need to mint more (pre paid) tokens for the pool.
Please be patient while I adjust rewards for the pool and add liquidity. It's already looking good but the APR will vary especially these first couple of weeks while I add more rewards and more folks come into the pool.
The LP is in addition to all the other aspects of UNICOIN (like the buybacks at a profit to the seller)
For more information on the UNICOIN token, please read the posts on the official account @uni-coin