WHY WE GO AND BUY BACK TOKENS
The main reason why the @coffee-coin project wants to buy tokens is for two very simple reasons:
- We believe in the token and its value
- Fight inflation
The first point we believe is the most important one , the COFFEE-COIN project is a project that believes a lot in what it has and what it will prepare for the entire life of the token from December 2023 until March 2025 , and we believe so much that the project can remain with a stable value if not higher than the release price , that we have decided to convert for the first 3 months all the resources earned from the sale of the tokens at the price of 0. 50 HIVE x token in HP and then delegate all the HP to @pgm-curator , with the liquid HIVE that will be given to us , every week we will make a purchase order slightly lower than the price requested by those who place sell orders.
The goal is to have all the resources we have earned in COFFEE knowing that our token will pay off.
The second point is to combat the inflation that is often generated with tip tokens. In fact, with the vast majority of tip tokens, keeping the price of a token high is always very complicated, especially when giving away resources, as is the case with TIP tokens, so we have one more reason to want to buy COFFEE. Obviously we will never sell off the tokens so they are in a sort of "safe bank" when the COFFEE tokens are in our wallet.
Repurchase plan
To make our movements easier for the community to understand, we have decided to publish weekly tables and graphs of our movements.
DELEGATION
- Time in Weeks
- HIVE gains from delegation
- Number of HP delegates to @pgm-curator
As mentioned last week the number of HIVE's that would be gained from the delegation made to @pgm-curator would increase by , from 0.42 HIVE's about 0.74 HIVE's , but in the third week earnings dropped slightly ,we will see next week if there will still be an increase of HIVE's being sent by @pgm-curator or there will be a slight decrease.
PURCHASE COFFEE
In this section, we go over how much we buy coffee-coins for in the market, so we can see the token's performance each week and then do an analysis and try to figure out what may have caused the token to depreciate or increase in value.
- Time in weeks
- COFFEE-COIN price at which we go to place the order on hive-engine
- Value of HIVE when we go to place the order *
We decided to set the token purchase today at 0.70 HIVE * COFFEE
As of today if you want to buy the token, the price is as follows 1 COFFE = 1.735 HIVE
COFEE IN THE WALLET
As we can see here, both thanks to this table and the pie chart you will see just below the first picture, the growth of tokens in the coffee-coin wallet divided between tokens earned from comments and tokens bought from the market.
All data are shown, seeing the past week, as the buy orders we place in the current week are not executed as we write this post.
