The reward payouts this week were 100 SWAP.HBD plus 32,000 SWAP.BLURT, plus a further midweek bonus of 40,000 SWAP.BLURT + 110 SWAP.HIVE.
The total for this week (priced at the time of distribution) is 1000 HIVE equivalent.
BYT token holders will see their rewards in their respective token accounts - not in their BYT holdings.
The Numbers
This week:
SWAP.HIVE per 100 BYT Payout = 2.104 (+ Bonus 1.709 = 3.813)
Cumulative Payouts = 107.50 HIVE/100BYT (80 weeks)
Projected ROI = 142.9% (80 weeks)
BYT Program Total = 1,012,000 BLURT equivalent
HIVE/BLURT Rate = 100 BLURT per HIVE
BYT ABV = 0.354 HIVE (before distro) - 0.333 (after distro)(0.113 USD)
Buybacks will initially be in range of 0.32-0.33 HIVE, or best values given market prices.
As always, is a good idea to pay attention to market trades.
Read this for further explanations of how the metrics are calculated.
Insights
Well, how markets can flip within hours!
Last week, we did pretty well, taking advantage of the recent lows in HIVE, cashing in our HBD and some Cosmos holdings. But, as I write this a day late, prices have reversed very quickly. As always happens, you either get more HIVE or less HIVE is worth more in USD.
Just under three weeks left of this; March ends on a Friday, so could set the final buyback price on that day and the last distro would be on the previous Monday.
As I have said many times, if unsure at what price to sell back the tokens just look at the current market and the rate at which we've been actually buying back. Those paying attention may have noticed that the ABV before each distribution is usually higher than after the previous one. Mondays and Fridays generally show the largest price moves, that can be either positive, or not, for the fund value.
The final closing price will only be stable once everything is converted into HIVE. There is nothing magic about HIVE itself, but it is the only currency that BYT is priced in.
You can now see the winding-down process manifestly taking place as the dark-blue bars, in the cumulative chart below, have started to increase more sharply.
Here is a weekly chart of the returns expressed as HIVE per 100 BYT.
Projecting forwards for the next 3 weeks, we are now on target for a closing price of somewhere in the region of 0.2-0.3 HIVE per BYT. Higher than the original target, but that really doesn't matter; has been useful earning some additional income while converting a large array of tokens into HIVE. Also recall that the whole reason for this is so that we don't end up with an enormous pool of SWAP.HIVE sitting there waiting for users to sell-back to admin. The earning-while-winding-down process is going well, although we shall now be digging into some fairly profitable investments, but some do take time to unstake, and there is no getting away with such unstaking periods. The real target at this stage is that all holdings can be quickly converted into HIVE when we are near a final buyback price.
Here is the chart showing the cumulative payouts, ABV and the sum of both. The above chart is an expanded version of the dark-blue column below.
The winding down process will convert funds in the ABV into distributions - we shall see the light-blue column shrinking as the dark-blue expands. The total of the two may go up or down, depending on market conditions and income during this period. After just a few weeks, we can already see this process on the chart. The chart now also shows that the current projected ROI is about 140%, based upon the standard launch price of 1 HIVE. We now include the projected ROI in our data at the top.
As mentioned a few times, the BYT price chart has now been removed as the app that generates it has not updated in a long time. You can view the recent price action on Hive-Engine, and the historical chart has a similar shape to the above cumulative data.
And remember to vote on BYT posts - every little helps to increase weekly income.
Buy BLURT on Probit, Ionomy, Hive-Engine.
Buy BYT on Hive-Engine
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BYT Winding Down Proposal Passed
BYT Program Extended to November 2022
BYT Program Extended to August 2022
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News BYT: Minimum BYT Holdings
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