The TULIP Mania Game Round 3 News - Token Buybacks - Day 24 of 28

in hive-167922 •  5 months ago  (edited)

Our income continues to rise! We have started our daily buybacks too.

Here are the basic figures:

Capital Fund: 959 STEEM
Current Fund: 1348 STEEM
Profit: +389 STEEM
Profit %: 40.5%
TULIP Tokens: 50,564
ABV: 2.83 STEEM cents

Buybacks: 191.40 STEEM
Buyback %: 14.2 %
Tokens Bought: 7,000

We are into our last 7 days and, as promised, have started distributing profits by buying back some TULIP tokens. Those tokens placed today shall remain there until sold - it is part of the game.

You will now see three extra numbers above. The Buybacks are shown both in STEEM and as a percentage of the Current Fund. At the very end, this percentage will be 100% and no more profts will be distributed.

Note also that once we reach the end of this TULIP game, there will be 7 days for everyone to cash out their tokens. It is really up to each player to get the best price they can; the data above is there to help you make this judgment.

To avoid a bit of confusion that arose the last time this was tried, the numbers in the main section will continue to show the grand totals for the whole game, whereas the new numbers will show the tokens and their value bought back. Due to our cash basis, the value in STEEM bought back will go to 100% but the number of tokens may be different to those bought in this round; they may be a greater or lesser amount, that depends on the players.

Each day's ABV will, however, be based on the remaining tokens and the remaining funds in the TULIP Game. We will still be earning until Day 28, so this ABV should continue to increase. As always, we shall see...

... Today has gone well and it looks likely we shall hit that 3-cent wall. A reminder that the DEX will honour transactions in the order listed, so it is very much up to players to be paying attention as we reach that milestone.

And finally...

Some of you TULIP holders may have noticed that trendotokens are being given out again! This will be done on rolling cycle starting with the largest token holders. I trust you appreciate this extra income as it is also an income stream for the TULIP fund.

SteemCITY is bringing in a trickle of income, but it is a very new game with more features coming. Such features need to be analysed to see their effects on potential profits going forward.

As for the TRONification of STEEM, I am investigating Steem Reloaded.

Also, to avoid digging around for updates, worth following @pennsif for his daily Steem News aggregator.

If you haven't already, worth reading these two posts on Soft Fork 0.22.2 and Justin Sun's response.

Thanks for playing the TULIP Mania Game!


Disclaimer. We are not responsible for your actions. We are not responsible for the functioning of third party software. If the game needs to terminate early for any technical reason (HF21 springs to mind) then liquid funds will be distributed at the earliest possible opportunity on a pro rata basis or the game paused and restarted. Do not play with funds you cannot afford to lose.



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