Weekly News Update (January 2021 - Week 2)
No, it’s not Hammer Time! It’s time for another Solairitas Weekly News Update!!
A bit of a slower week this week; no SOL sold. 😢
Sadly, we are losing another member, and the buy order I had placed got filled again. We lost axeman (at least he’s selling what he has), but it’s totally understandable considering how unfairly he was treated on this chain.
I have placed another standing buy order for 20 SOL at .9 HIVE to offer an opportunity to leave, should anyone wish to do so.
Initially, faced with the question of how to deal with bought-back tokens, I figured it best to place them for sale again so that someone else could join and they’d remain in circulation. I figured it was no harm, no foul since I am the one making up the difference (the proceeds from the sale were already powered up to the Project).
However, I realized that this actually runs contrary to our goal of completing Phase 2...to illustrate, theoretically (in the extreme), we could get stuck in a loop buying back and reselling the same token over and over, never selling the first ten thousand tokens.
We could resell tokens and shift the Phase 2 goal from ten thousand tokens to ten thousand HP, but author and curation rewards are meant to be bonus over and above the token sales (budget), so since I did properly buy them back myself, I added them to my (definethedollar) balance.
Solairibot continues to do its thing. It now has 186.591 HP on its own and will be released for testing soon™️. For the time being, it will keep on trailing, but it’s definitely growing faster now. I’m looking to run a witness node, so I might be able to have the bot running on that machine, we’ll have to see.
I welcome any who would like to trail The Project, as it benefits all our members and you get to keep all the curation rewards! There’s a quick link down below.
We are still saving HBD and are currently at 8.628 HBD. While my intention had been to submit a funding proposal, once again looking at those that are and those that are not being funded, I am abandoning this idea. It still remains to decide what to do with those funds. One member has suggested putting it into our dCity, and I really do think that’s a wise choice at this point, but I welcome other ideas as well for long-term investment.
Our dCity continues to grow. This week we purchased a Law Firm to reduce the impact of taxes on our city, as well as a Forest and a Park. While I recognize that Banks carry the risk of being robbed (and we may well pay for it later on), our crime rate is only six percent, so it was a calculated risk against quickly boosting our income getting started. So far it’s paid off well, but we may sell them out for something else if/when robberies become a problem.
For the time being, I will put all the SIM toward building our income, perhaps for the first month or two, but once we have a solid flow, I’ll split half to sell and power up. 😁
We also receive additional SIM from our BRO holdings, from TAN, and from Dhedge as well!
We still have an ad running on giftgiver.site (@giftgiver) which delegates and offers a faucet to small HP accounts.
As of yet we still haven’t seen any return from the LBI tokens I purchased, but after some research, it appears that the LEO distributions won’t begin until sometime this month. I’m somewhat beyond being disappointed with this one, but going to wait for the first payout at least before I throw in the towel.
Another additional sixty thousand SPORTS or so have been staked this week, pushing us solidly up over two and a quarter million tokens!
I continue to stake my LEO to the Project as well as NEOXAG, PAL, BATTLE, SPT, STEM, and any other liquid tokens I get that may benefit members.
I also invested in 200 Dhedge for the Project. This means we now receive drips of all kinds of tokens. I think the return is around 15% per year, but that does depend on a demand to be present for the tokens on H-E. In the time we have held them (about two weeks now), we have gotten around .1 HIVE value in return, going to take a very long time to break even, but hopefully it will grow with time as well.
We also got INCOME tokens which finally moved over from Steem! These aren’t guaranteed income every day, but we’ve already received a couple HIVE divvies just in the first few days since the transition. Moar Power!!!! It’s not a whole heck of a lot, but every bit helps. 😁
Surprise, surprise our HUSTLER token holding are actually worth $.03 now! Maybe they’re going to do something?!
I want to reiterate again that no tokens have ever been purchased with funds from SOL token sales, nor have SOL token sales ever been used to buy back tokens. As promised, proceeds from sales have been and always will be powered up to grow our vote or be used to build the physical Project.
VP continues to remain stable in the high nineties and is often idle at 100%. This means we have room to add new members (even at low tiers). 🤩
Weekly sales total: 0 SOL
Current HP: 3,501.990 + 5,020.048 (.081 HTU 100%)
Solairibot HP: 186.591 + 2,016.637 (.021 HTU 100%)
Number of token holders: 56
Number of tokens held: 2242 + 9953
Buy SOL - LeoDex
Eco Zone Discord
Eco Zone Community
Sustainability Powered by Hive