HVOTE - Weekly Report 10.06.2019

It has been a very interesting week for the HVOTE token. We managed to tweak it so that the spread between the buying price and the selling price has been reduced by half read about it here.

We wrote two posts last week but none of them came to maturity so far. This is the reason why the value increase is slightly lower than average this week. The Token Value evolved from 0.5487 Steem to 0.5501 Steem. One token has been sold this week, which means that there are now 1022 HVOTE tokens in circulation. Since two post will come to maturity, next week we will probably assist at a comparatively big price increase of the token.

Constant evolution of the token value over the last 3 months

The graph below shows the evolution of the token value during the last 3 months, since the creation of the token. The theoretical value of the token which is calculated as follows: Steem Power of the @happyvoter account divded by the number of HVOTE tokens in circulation, has progressed in a constant manner.

Big Token holders

To be a Big Token holder, you need to own 2% of the HVOTE Token in circulation. As a big token holder you get all your posts systematically upvoted by @happyvoter as long as you own 2% of the tokens. New Big Token holders are defined each week in the context of the weekly update:

Number of Tokens in circulation: 1022
Number of Tokens needed this week to be a Big Token holder: 21
Maximum number of Tokens needed to be Big Token holder next week: 22

The following accounts are upvoted this week:

@achim03

How new investors would influence the token price

For the whole project it would be great to have some new investors on board. The proceeds of the sold tokens would flow directly into the @happyvoter account and give it more voting power. This would increase also the curation rewards. In addition to that new investors would have a direct possibility to influence the token price since they can easily upvote the posts of @happyvoter.

-***-

---