RE: This Is Awesome - Weekly Payouts To Delegators #195 - Plus Prize Drawing

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RE: This Is Awesome - Weekly Payouts To Delegators #195 - Plus Prize Drawing

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siddhartaz in This Is Awesome • last year

Good morning flaxz,
I read the new roadmap a few times but i have a few questions, let me try to explain them:

@thisisawesome will buy AWESOME tokens on the market instead of buying them at token value

Acording to the last reports, around 2 AWESOME tokens are split between the delegators, so @thisisawesome will need to buy 2 AWESOME tokens per week in order to pay that. Right now there's 3 AWESOME tokens on the market between 10-12 HIVE each.
That's roughly for 10 days of payout. Have you considered what will happen if noone sells more tokens on the market, or someone lists them at 20 HIVE? is there a maximum price for the buyback?

I have 94 AWESOME tokens, i'm pretty interested in the outcome of the token ^^
I'll wait to read the announcment post there, maybe i can find the answers to these questions.
Many thanks Erik!

last year in This Is Awesome by siddhartaz

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flaxz last year

There is not a set amount of AWESOME tokens bought for the payout to delegators, it's just equal to what liquid Hive is earned in the week, and that will remain so.

What changes as @thisisawesome is buying AWESOME tokens is that now it will place standing buy orders (this is not buy back by the way as that is all on the @awesomecuration account), and then it will close those once the week is over and buy what is left.

This will of course drive the price up quite a bit, but it will not change the underlying Token Value which is the 100% backed position, so @awesomecuration will continue to have a daily adjusted standing buy order at Token Value and burn all tokens bought back, and at the same time the price in the market is free to be set by the market forces.

I hope that clarified it for you.

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siddhartaz last year

Thanks for the answer!
So what I take is, @thisisawesome will have to buy the AWESOME tokens for the payout to delegators via market at whatever the price is, but maxed up to the same amount of liquid HIVE earned in the week.
That's good, but the only downside i see right now is that there's not enough liquidity in the market to buy lets say... 15 HIVE a week of AWESOME unless the price shot up
Guess we will find out soon enough!
Thanks again Erik!

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flaxz last year

It will drive the floor up with the standing buy orders as they will be placed just over the top standing buy order at the time of placement, so it will create a busier market.

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youarealive last year

@siddhartaz! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @flaxz. _(6/20)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

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youarealive last year

@siddhartaz! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @flaxz. _(1/20)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

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thisisawesome last year

Thanks @flaxz for answering 😎 have a great day @siddhartaz, and good luck in the drawing.

Made in Canva

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youarealive last year

@siddhartaz! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @thisisawesome. _(22/30)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

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