Announcement: CENT has been added to the UNICOIN tip bot
This post is is not financial advice.
We did it. Finally we have added CENT to the tip bot. Now every time you call the bot both sender and receiver will receive .002 UNICOIN and 1 CENT.
If you are new here, we do things a little differently at UNICOIN. Instead of needing to hodl or stake tokens, tip bot calls are HP delegation based. 25 HP delegation to @uni-coin allows one call per day.50 HP delegations get you 2 calls per day etc. Up to 25 if you have enough HP delegated.
The reason we set it up this way is sustainability. UNICOIN are backed by Hive/hive engine holdings before mint. Delegating HP to this account allows us to earn through curation to pay for the tokens. This is not an upvote bot. It's just a tip bot.
We are the first on Hive to base tip bots on HP delegations. It was not a simple task.
If you are upset that the UNICOIN per bot call has been reduced from .0025 to .002 rest assured the HIVE equivalent value has increased. Now this will vary based on the price of CENT but right now even with reducing the UNICOIN distributed it is increasing the HIVE/ swap.hive value per call. Of course that can change if/ when the price of CENT changes .
@tippybot is the account where the tips come from. Feel free to check out the wallet and see how much UNICOIN and CENT there is. It's very well stocked.
@anadolu was kind enough to send us some tokens to get this started , but like with everything UNICOIN related it is sustainable. I will be increasing the CENT holdings and holdings in the liquidity pools to ensure there is always CENT for the tip bot.
Speaking of liquidity/ diesel pools there will be a UNICOIN swap.hive pool coming in the next couple of months. The goal is to launch it on or before Halloween. Target APR is 20-50% consistently. this means we will be adding rewards to the pools often to keep that number up. We will not start with a high APR just to have it tank because everyone rushes in. Steady and consistent growth is the goal.
It also helps there are not many UNICOIN in circulation which keeps things more equitable. Someone can't just buy a bunch of UNICOIN to get the high APR just to dump it when it goes down because there aren't that many UNICOIN in circulation. Not only are tokens backed before mint but we also do regular burns to keep the supply low. It's almost like I planned for this or something.😉
UNICOIN are essentially "mined" by using the tip bot.
I'lll have more updates soon ish. Things are moving along.
uh nice, have some !UNI and CENT then! ;D
!BBH
!LOLZ
lolztoken.com
A poultry-geist
Credit: reddit
@uni-coin, I sent you an $LOLZ on behalf of sylmarill
(1/10)
Thanks for update.
Let us see if the bot works a second time in 24 hours.
!UNICOIN
!PIMP
Did I read somewhere that you have a bot that could distribute some tokens for projects other than your own?
If so, I am all ears. !LOLZ
!PIMP
lolztoken.com
An a-mews-ment park
Credit: reddit
@uni-coin, I sent you an $LOLZ on behalf of fjworld
(4/10)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
Yes. we just added CENT and now that we got it working . It's not too tricky to add another in theory. Feel free to DM or chat on the unicoin discord server and we can talk about it. !BBH !HUG
Getting a whole 1 CENT token (as a bonus from the base 0.002 UNICOIN) reward sounds great (especially because of the "unit bias" that I told you about 5 months ago). 😎 !HOPE !INDEED !PIZZA !ALIVE
Yes it also increases the USD value (well depending on CENT price.Right now it's a significant increase percentage wise) and CENT is easier to earn through liquidity pools than Hive (unicoin is backed by Hive/HP). So I think it's a win-win. Also it's a way to support the CENT project. !BBH !UNICOIN !HUG
If the price of the CENT token goes up to its peg of $0.01 each, then every 100 successful UNICOIN tips not only the tipped Hive user but the tipper themselves $1 worth of CENT tokens, but that's just theoretical at the moment. 🤓😅 It's good to know though that you help support the CENT project (one token at a time per tip) !INDEED. 🤗 !HOPE !PIZZA !ALIVE
Yes if the price goes up and the rewards of the LP go down , I may need to adjust it in the future. Even if the price does go up but the rewards from LP stay the same in terms of quantity , I will keep it as is. That would be the ideal situation. !BBH
I !HOPE that the token tipping rewards for the UNICOIN bot do increase, as 0.002 UNICOIN for both the tipper and tipped user worth a total of 0.004 HIVE plus the 1 CENT token worth roughly 0.002 SWAP.HIVE is just roughly 8.7%, which is fine for those who love tipping tokens like me. 🤗🤓 !INDEED !WEIRD !PIZZA
Yes . It was 7.3% then adding the CENT after adjustment it went up to what you noted above. That's also not counting the premium you get for selling UNICOIN during the buybacks (currently another 3.5% profit ) or exchanging them for HSBI at 20% bonus (5 unicoin equals 6 HSBI)
[@PowerPaul:]
Hey! Because of your participation in the @CryptoCompany community you received a vote from your CryptoCompany and its trail! Thank you & Hive a great day!
Recent posting from @PowerPaul or the CryptoCompany network:
by @cryptocompany
by @cryptocompany
by @powerpaul
Thank you. You've truly put in a great deal of effort so far. It will be very successful from now on. I hope that Cent and UNICOIN will achieve even greater success through further collaboration.
❤️🦄 !BBH !HUG
it sounds like a good plan to engage community
Thank you !BBH
I love the sound of that, I hope we get the best of these
❤️🦄 !BBH !UNICOIN
To the moon
I am seeing something great here, what a great picture of what i have always imagined !UNICOIN
!LOLZ I'm impressed and !PIMP I have plans for you
Thank you for the heads-up
$PIZZA slices delivered:
@savvyplayer(8/10) tipped @uni-coin (x3)
Come get MOONed!