This Is Awesome - AWESOME Token APR On Different Time Frames - And Update On Our Token Burn Policy

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(Edited)
Authored by @flaxz

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This Is Awesome

The goal of this project is to grow the Hive ecosystem by rewarding awesome content, and we do that by following curation trails that curates good content, much of it manually, and in the following categories.

Then we also highlight 5 posts on most days (not all days), 1 from each category in a PeakD Curated Collection post.

White Paper

Here is our White Paper laying out the details for how we have tokenized our Hive Power, White Paper - $AWESOME.

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Made in Desygner and Adazing

You can trade the AWESOME token here, https://tribaldex.com/trade/AWESOME

AWESOME Token APR On Different Time Frames - And Update On Our Token Burn Policy

So there is 2 updates today, first about APR for our token on different time frames, and then an update to our policy for burning and issueing tokens.

Now to start with the AWESOME token APR that we have used has always been the APR from when we launced the token, which we have always stated, however from the perspective of someone who might want to buy our token they might also want to know what the APR is if they buy it today.

Therefore we have now added this info when we do our daily snapshot to adjust the price to token value.

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Screenshot from Google Drive

  • APR Start All = The APR counted from our launch at our starting price of 1 Hive.
  • APR Now All = The APR counted with the current price, and using the whole history from our launch.
  • APR Now Week = The APR counted with the current price, and using the history of the last week.
  • Backing Hive = The combination of the Hive Power on @thisisawesome and the Hive in our buy orders on @awesomecuration.

This paints a much clearer picture of what any potential investor can expect in future growth depending on when they buy the token, and not just what the original investors get from the time of our initial airdrop.

Updated Policy For Burning and Issueing Tokens

In this post we made a policy for when we issue and burn tokens, This Is Awesome - $AWESOME Improvement Proposal, and here is that policy.

  • To issue new tokens then our total Voting Power has to exceed 10 times the number of tokens issued, that would represent about 110% APR or above.
  • We will start burning tokens that we buy back if our total Voting Power is lower than 5 times the amount of tokens issued, that would represent about 55% APR or below.

Now it is quite obvious that there is a problem with this policy as it counts Voting Power in relation to tokens issued, what we need is to count the Hive value of all tokens issued instead, which gives this.

  • To issue new tokens then our total Voting Power has to exceed 10 times the value in Hive of all issued tokens, that would represent about 110% APR or above.
  • We will start burning tokens that we buy back if our total Voting Power is lower than 5 times the value in Hive of all issued tokens, that would represent about 55% APR or below.

So that is the update, and it will ensure that we keep the APR up also for new investors regardless of how much the value of our token has increased.

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Screenshot from Google Drive

A positive value in Burn or Issue represents the amount of AWESOME tokens to either burn or issue according to our updated policy, and as you can see we have some tokens to burn, which we have also done.

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Screenshot from Tribaldex

After burning Total Tokens issued, both what is in circulation and what is in our sell orders on @awesomecuration, is now 982.145.

Mention all token holders.

@thatcryptodave
@achim03
@ph1102
@cccf
@tristancarax
@paulcaraway
@certain
@ctpsb
@jarvie
@iamraincrystal
@bambukah
@quekery
@jacoalberts
@blue.rabbit
@guurry123
@dadspardan
@brutalmonkey
@liotes.burn
@pixiepost
@achim03.ctp
@justclickindiva
@gadrian
@aliveprojects
@drippinouttadebt
@mariannewest
@jeanlucsr
@marshmellowman
@imfarhad
@d00k13
@cliffagreen
@sydney.potts
@athomewithcraig
@kingneptune
@invest4free
@b4phom3t
@hive-112281
@mes
@alokkumar121
@flaxz
@atomcollector
@thisisawesome
@kobusu
@quinnertronics
@johnsdowie
@silent.screamer
@torrey.blog
@recording-box
@bitandi
@dragon-ti
@r0nny
@summoner-cha
@ynwa.andree
@sinistry
@theb0red1
@fireguardian
@myjob
@dksart
@failingforwards
@alive.chat
@risingstarpool
@fiberfrau
@juecoree
@iamalivechalleng
@andy4475
@reeta0119
@arena10
@dwarflordnoj
@lv99-rd-chocobo
@forykw
@bennyonetwo
@hhayweaver
@elizacheng
@eirik
@vibrokinetic
@tin.aung.soe
@dajokawild
@elianaicgomes
@shmoogleosukami
@mathfortress
@minimining
@tdctunes
@buddha.myanmar
@krodash
@dkid14
@antisocialist
@alente
@darth-azrael
@musdim
@hovermower
@chmoen
@elizabetamt
@ironshield
@plint
@tokutaro22
@hivetrending
@threesteps
@adysscheryl
@jwaits
@cryptoniusrex
@krevasilis
@saachi
@edouard
@empoderat
@samevyp
@jilt
@onewolfe
@valdiva
@richardfyates
@alovely
@bwar
@guruvaj
@lollipopred
@leosoph
@riandeuk
@cooperclub
@mytechtrail
@davidthompson57
@regenerette
@zonadigital21
@theroad2freedom
@hykss
@yems
@walterprofe
@presidentx
@skylinebuds
@frankscoms
@bigtakosensei
@aiovo
@benthomaswwd
@dbooster
@amphlux
@clicmaster
@stickupboys
@sgt-dan
@jfang003
@mvl2304
@bitcoinflood
@baconface
@amr008
@pinkfloyd878
@chubb149
@notaboutme
@saleg25
@mario02

Thank You!

Thank you very much for reading this post, leave your thoughts in the comments below, and ...

Stay Awesome!

Sincerely,
This Is Awesome

This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.


Join us on Discord: https://discord.gg/SthJJDZ



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65 comments
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Wise, as always. I absolutely !LUV this token, purely for its pudding... it has been a steady climber since the moment it was listed. Thank you so much for the solid work-- and the helpful update. 🙏
!PIZZA

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Very cool indeed !LUV

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(Edited)

I like the update to clarify some of the APR and policy stuff. I may buy in a little more now that there's been some clarification and it's clearer now. !PIZZA

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This is awesome. I just noticed these the tokens in the hive engine… thanks for sharing more info!

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Nice - thanks for highlighting!

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Thanks, and I am glad you like the update.

!ALIVE

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Great....stay awersome

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Thanks a lot Elizabeta, I am glad you like it, and wish you an awesome weekend.

!ALIVE

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Nice this seems awesome....keep up the work.

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@thisisawesome
Great project
Thanks for the update
Have a wonderful weekend:)

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Thanks a lot Ben, I am glad you like the update, and I wish you an awesome weekend.

!ALIVE

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hallo, warum habe ich so einen Token bekommen? danke :)

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I am not sure who you got it from.

!ALIVE

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Thanks for the update!

I love the steady growth of this token!

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Thanks a lot Jaco, I am glad you like it.

!ALIVE

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hallo, jetz weiß ich das woher ich den habe. was kann ich mit dem machen mit dem einen token ?dankeschön

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Either keep it and let it grow in value, or sell it, that is all up to you, but you can see above in the post that it will keep increasing in value with a good APR.

!ALIVE

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