Before getting into the details of this past week's performance, there's an important proposal everyone should weigh in on. It's been discussed by multiple people to have a buyback program. To do this would require additional capital, which is doable. Before any plan is set in place, it's only fair that the stakeholders have a chance to provide feedback, so please reply in the comments!
Buyback Program Proposal
The tentative plan would be threefold.
Convert all post earnings to HBD and be put into savings
50% of all Hive-Engine tokens earned would be sold and ultimately converted to HBD and put into savings
An additional 1% power down would be performed (So 91% instead of 90%) and the extra HIVE from this would be converted to HBD and put into savings
An announcement would be made one month prior to initiating a limited buyback using the HBD funds in savings. The buyback price would be at 85% of the current market or tranche price. It would be first come, first served and when funds run out the buyback stops. The tokens bought back would be relisted on the market at 10% under the market or tranche price, and the remaining 5% would be converted back to HBD and put back into savings. The funds from token sales in this process would be powered up. The process would then repeat itself in perpetuity.
The idea is it would allow limited buybacks without negatively affecting the growth of the account long-term. Please leave comments to provide feedback, suggestions, etc.
Now, on to the weekly update! The ELIXIR project is going strong! Let's take a look at where we're at for the week!
Hive Power
We're sitting at 161,716.819 HP!
Thank you to all stakers and delegators! The growth looks excellent!
Delegator Payments
Token payments to delegators for the past week have gone out! Thank you to everyone supporting the project! Remember that the payout is 100% of curation earnings paid out at 50% of the market price of ELIXIR. As each sales tranche sells out and the token price increases, delegators reap even greater rewards!
@thebighigg - 0.183435 ELIXIR @bozz - 0.924912 ELIXIR @andy4475 - 0.365478 ELIXIR @monachta - 0.092036 ELIXIR @imfarhad - 2.285198 ELIXIR @tarabh - 0.184224 ELIXIR @bozz.sports - 9.205410 ELIXIR @successchar - 0.920439 ELIXIR @drstealth - 0.679197 ELIXIR @silversaver888 - 2.760817 ELIXIR @melinda010100 - 0.201635 ELIXIR @petertag - 0.551305 ELIXIR @meesterboom - 55.063855 ELIXIR @katriel1 - 0.183540 ELIXIR @shiftrox - 0.456727 ELIXIR @caspermoeller89 - 1.737980 ELIXIR @newigennity - 18.294601 ELIXIR @wesphilbin - 0.366391 ELIXIR @lbi-token - 1.829970 ELIXIR @gungunkrishu - 18.297969 ELIXIR @cwow2 - 27.392893 ELIXIR @bitandi - 9.693229 ELIXIR @ronnie10 - 0.001829 ELIXIR @dewabrata - 0.365861 ELIXIR @bhattg - 0.914624 ELIXIR @wiseagent - 91.359054 ELIXIR @georgeknowsall - 3.658450 ELIXIR @chaosmagic23 - 1.827263 ELIXIR @metzli - 0.182712 ELIXIR @oldmans - 0.913399 ELIXIR @pairmike - 0.005480 ELIXIR @gunting - 0.012835 ELIXIR
Dividends
Payouts have been sent to all eligible token stakers. To qualify for dividends, you must stake at least 50 ELIXIR tokens. Payouts increase proportional to the number of tokens staked, so get them while you can!
Total paid: 225.821 HIVE
@bulliontools: 305.033 ELIXIR 2.61% Share 5.893 HIVE Payout
@thebighigg: 51.087 ELIXIR 0.44% Share 0.987 HIVE Payout
@bozz: 521.025 ELIXIR 4.46% Share 10.066 HIVE Payout
@cwow2: 395.687 ELIXIR 3.39% Share 7.644 HIVE Payout
@andy4475: 52.620 ELIXIR 0.45% Share 1.017 HIVE Payout
@toofuckeh: 300.000 ELIXIR 2.57% Share 5.796 HIVE Payout
@georgeknowsall: 660.264 ELIXIR 5.65% Share 12.756 HIVE Payout
@myupvote2u: 85.533 ELIXIR 0.73% Share 1.652 HIVE Payout
@dewabrata: 475.000 ELIXIR 4.06% Share 9.177 HIVE Payout
@cryptoreforma: 100.938 ELIXIR 0.86% Share 1.950 HIVE Payout
@successchar: 50.000 ELIXIR 0.43% Share 0.966 HIVE Payout
@melinda010100: 115.552 ELIXIR 0.99% Share 2.233 HIVE Payout
@bozz_sports: 142.102 ELIXIR 1.22% Share 2.745 HIVE Payout
@drstealth: 76.811 ELIXIR 0.66% Share 1.484 HIVE Payout
@silversaver888: 57.000 ELIXIR 0.49% Share 1.101 HIVE Payout
@lbi-token: 1255.967 ELIXIR 10.75% Share 24.264 HIVE Payout
@eolianspariah2: 600.000 ELIXIR 5.13% Share 11.592 HIVE Payout
@petertag: 60.912 ELIXIR 0.52% Share 1.177 HIVE Payout
@ekads: 74.000 ELIXIR 0.63% Share 1.430 HIVE Payout
@bitcoinman: 50.000 ELIXIR 0.43% Share 0.966 HIVE Payout
@gwajnberg: 56.390 ELIXIR 0.48% Share 1.089 HIVE Payout
@meesterboom: 335.780 ELIXIR 2.87% Share 6.487 HIVE Payout
@shiftrox: 112.183 ELIXIR 0.96% Share 2.167 HIVE Payout
@tokenpimp: 1000.000 ELIXIR 8.56% Share 19.319 HIVE Payout
@newigennity: 100.000 ELIXIR 0.86% Share 1.932 HIVE Payout
@gungunkrishu: 3244.837 ELIXIR 27.76% Share 62.688 HIVE Payou
@chaosmagic23: 55.023 ELIXIR 0.47% Share 1.063 HIVE Payout
@fnzcmd: 500.000 ELIXIR 4.28% Share 9.660 HIVE Payout
@bhattg: 62.039 ELIXIR 0.53% Share 1.199 HIVE Payout
@wiseagent: 88.000 ELIXIR 0.75% Share 1.700 HIVE Payout
@daveks: 104.551 ELIXIR 0.89% Share 2.020 HIVE Payout
@oldmans: 600.504 ELIXIR 5.14% Share 11.601 HIVE Payout
Token Sales
We're currently in the 2nd sales tranche at 2 HIVE each. Once each tranche sells out the price increases, so be sure to get in early while you can!
1st tranche: 10k @ 1 HIVE each 2nd tranche: 50k @ 2 HIVE each 3rd tranche: 20k @ 3 HIVE each 4th tranche: 20k @ 4 HIVE each
Token Info
For those who haven't seen the whitepaper, click here to check it out.
To get ELIXIR tokens, you can either buy them from Hive-Engine or Tribaldex, or you can delegate to @nectarbytes.
Stake 50 or more ELIXIR and you're eligible for HIVE dividends! The more you stake, the more dividends you receive!
How to Get ELIXIR
Buy ELIXIR and stake to receive HIVE dividends! Delegate to @nectarbytes to earn ELIXIR! https://tribaldex.com/trade/ELIXIR https://hive-engine.com/trade/ELIXIR
Discord
If you have questions, feel free to drop into our Discord and say hello!
