CBI Token Update Day 24 (Changes in buyback)
Circulating 994022
Bought back 1022
Burnt 1022
Remaining 99300
SteemPower 103099
Buybacks will be capped at 50 steemp a day
We tried creating a higher return for investers buy buying off the market and did reach around 27% but that didn't last long and have been buying below 0.1 on occasions.
If investors had taken it in turns to sell a handful of token at 1 steem we could have seen 1000% returns.
Overall we have been buying on average around 40 steemp worth of cbi daily so we have decided to cap this at 50 steemp a day.
Which means first come first serve regardless of the price.
0.01 or 10 steemp we will be buying 50 steemp daily
This is a short term experiment to see how things go and will update on any changes if and when they occur
Happy Investing
"Buybacks will be capped at 50 steemp a day"...
i smiled and was excited when i read that,that is a good decision you have made,this will be of good benefit to the CBI project...@votebetting
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