Seed Token: SOLD OUT!

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(Edited)

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This morning I waked up a bit salty, so I decided to deposit another 5000$ and buy up the remaining supply available (at 1,2$/SEED, of course).

I wasn't comfy with people paying that 20% and decided that I wanted to end the 'testing phase' of the project ASAP.

This phase ends when:
-All tokens are sold.
-Token sales are almost non-existent (minimal tokens are being issued to new buyers).
This leads us to the most important phase: The growing phase.

Now the real fun begins, as we can officially start the 'Growing phase'.

Growing Phase: what to expect?

Since no more tokens are being issued, new interested buyers will have to deal with the thin orderbooks of Hive-Engine/Leodex. Sorry not sorry, you had 3 weeks to load as much as desired.

Current holders can still enjoy the 100% buyback promise. That means I'm still honoring a 1:1 exchange of your SEED for HBD, so you can get out in case you need that instant liquidity. Still not applying fees to that buyback procedure.

The main attraction of this phase is a growing SEED base price, which can only happen if the overall value of the AUM grows. Now it's my turn to deliver, but please note that I'm only human and my #1 Priority (always has been) is the security of all the value held.

Can I use the 'always has been meme'? Yes pls, it's Sunday cmon don't be that serious.
Thanks, @trumpman, we all love you.

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Obviously, this won't happen (in fact I never made a single buck margin trading, might start testing with a very little position with my own funds soon).

In few words, as our venture keeps going in a positive way, expect the value of your SEED to increase consistently.

Few updates about our Portfolio and HBD-Loopholes.

Currently, AUM stands at around 90K$, seems that GAME woke up and is keeping the portfolio afloat:

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Notice that I sold some CUB (keeping some for upcoming CUB IDO's) and all the BNB, compiled both positions into a higher ORN+USDT position (higher APR and better R/R).

Note also the 2000 USDC ready. Presales wen? Well, in 20 minutes while I'm writing this.

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HBD-Loopholes? What?

I'm testing something these days (I know I'll regret telling you, but whatever), maybe you noticed the 10K HIVE (that's my last deposit). Well, the 'HBD loophole' is the answer.

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Since the HBD price is floating around 1,21$ I'm taking profit from the conversion feature and trying to 'exploit' the unreasonably HBD price. As long as the HBD price remains higher than 1,05$ we're fine. If the price remains around 1,2$, it's basically a +15% profit on the HIVE converted.... every 3,5 days.

The process is somewhat complex behind the scenes and I'm still struggling sometimes trying to understand, but when I saw the results of the last conversions I saw the light:

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  • The process gives half of your HIVE value in HBD (-5% fee which is burned) at the beginning of the conversion process.
  • Then returns the remaining collateral after 3,5 days (in HIVE). Since the HBD price is 1,2$, it's returning a +15% more than it should (20-5% = 15%).

What I'm doing with the 'insta' converted HIVE into HBD? Rebuying HIVE, of course. The risk is HBD returning to the peg (which wouldn't be strange, but whatever, this is worth the risk).

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Anyway, let's see how it goes :)


I'm going out to the mountains for a couple of days, I'll be back on Wednesday/Thursday for the Weekly report. Enjoy!

Track the pleb-fund in real time: https://cointracking.info/portfolio/seedtreasury

Join us on Telegram and follow me on Twitter.

100% of the blogging rewards are going to @seed-treasury

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Posted Using LeoFinance Beta



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18 comments
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At least I've got as many as I possibly could at 1 and 1.2. Now it's time to look for another project.

Posted Using LeoFinance Beta

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The Hive to HBD back to Hive would give me headaches :)) I just wait for when I can but more than 3 Hive with one HBD, prices are irrelevant to me, it's all about the conversion rate

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The risk in the conversion is if the price of Hive (not HBD, which you presumably sell right away after you get it) goes down over the 3.5 days after you've initiated the conversion. If you're selling the HBD you get right away for e.g. 20% profit (HBD at $1.25), but the price of Hive drops by more than 20% over the next 3.5 days, then you'll end up with less Hive than you had before the conversion. This is my understanding.

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Stop waking up salty as I wanted more lol. Just bought some on Hive Engine as I would still like some more. I am actually happy with you buying the remainder as it just gives even more confidence to the entire project.

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15% every 3.5 days is not a bad ROI over the course of a year.

I agree the peg will likely drift back but if you can scalp a few percent on each transaction, why not/

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WEEHOO. The seed phase is just 3 weeks. Let the Grow phase be very successful. The ORN/USDC staking, is this time-locked, or you can pull whenever you want? I suspect the latter, since this is LP, right? Is your tactic for LP to better gain more USDC at the expense of losing ORN your standard tactic for LPs? Asking since I know you expect ORN to rise.

Getting energised for next level SEED playing is perfect :) NJOY your mountain stay!

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Well I think it will drop back down to the peg so it will probably depend more on what the price of HIVE does over the next few days.

Posted Using LeoFinance Beta

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Earlier today, and prior to reading this post, I sent some HBD to the seed-treasury to add to my holdings. It's not a huge amount, but when can I expect a refund so I can convert back to HIVE and buy on LeoDEX?

Thanks.

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Wow! I'm glad I managed get get some. I'll try Hive-Engine. prices don't look too bad right now :)

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thanks for the post. auge @fnvdesigns !PIZZA !PGM

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Sent 0.1 PGM tokens to @tunnelmotions, @empoderat

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Buy and stake 10 PGM token to send 0.1 PGM per day,
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get votes from @ pgm-curator by paying in PGM, here is a guide

Create a HIVE account with PGM from our discord server, here is a guide

I'm a bot, if you want a hand ask @ zottone444

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