The reward payouts this week were 38,000 SWAP.BLURT plus 1,420 SPS.
The total for this week (priced at the time of distribution) is 420 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 = 1.635
Cumulative Payouts = 111.40 HIVE/100BYT (82 weeks)
Projected ROI = 142.4% (82 weeks)
BYT Program Total = 949,000 BLURT equivalent
HIVE/BLURT Rate = 118 BLURT per HIVE
BYT ABV = 0.310 HIVE (before distro) - 0.294 (after distro)(0.116 USD)
We are now just a few days away from the final buyback price. I will happily take BYT tokens at 0.294 HIVE. As most of our holdings are now in HIVE, this is not likely to change much. However, I shall post an official final price later this week as there are still opportunities to increase it a little bit.
Read this for further explanations of how the metrics are calculated.
Insights
Our final closing price will be near to the current 0.294 HIVE. The winding down process has achieved its aim of liquidating our more volatile holdings without further negatively impacting those prices. This wasn't only BLURT, but also a couple of other tokens that were profitable but not very liquid.
Once I could see that the price tapering had its effect, I did not see any good reason to push the BYT price lower towards our original target range. As I have had to say far too many times, turning capital into income is just a way to buyback tokens over a long period - somewhat like clipping coupons from a bond.
There are a couple of unstaking processes still on-going, but those will have either zero effect or very minimal now. There is more than enough cash to pay all token holders.
The BYT token exists on a market - it is not a shop - so members still need to sell their tokens on that market. The best way to get the best price is to just create an open sell at the buyback price, then wait for it to be bought. There is no need to sell lower unless you really need the HIVE immediately.
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.
The past two weeks have seen lower distributions as there was no need to sell our holdings that were still producing some income.
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.
One last post will update the graph to show the last column as 100% dark-blue.
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
...
BYT Winding Down Proposal Passed
BYT Program Extended to November 2022
BYT Program Extended to August 2022
News BYT: Rewards Distributed - 13 Sep 2021
News BYT: Minimum BYT Holdings
BYT: Blurt Yield Token Guide (best basic info)
almost done...
hope not too many sleepers.