This is a quick post. Just to announce that the reward distribution for BYT has already taken place! Look in your Hive-Engine account and check the SWAP.HIVE received. I know it's a bit early, but it is Monday here already. Next week will be later in the day.
I shall write a longer post about some of the metrics - I don't wish to overload these posts with numbers, but some of them are important.
The headline yield is 29.4% APR per BYT token.
This value is calculated using the asset-backed value of the token. As people have bought at various price-points, your own yield may be different. The yield assuming a BYT price of 1 HIVE is 20.0%.
Note also that the BYT program has only just started and, as the BP increases sharply, the 7-day rewards are also increasing but are obviously lagging the token sales. I feel this is a very good start and hope to see this edging upwards next week.
As I said, a longer post tomorrow (deep Monday) with a few more details.
News BYT: Power at Nearly 500,000 BP
News BYT: Test Distribution to BYT Holders Successful
News BYT: Minimum BYT Holdings
BYT: Blurt Yield Token Guide (best basic info)
Used to buy more BYT …
Thanks! Exactly as designed :-)
Rewards in either more BYT or in BLURT would just add sell pressure to both.
Is a bit more fiddly for me, but I feel paying in swap.hive is the best choice.
Very smart indeed …. I will keep rolling my rewards into more BYT, earn more Hive, buy more BYT … every week.
Thank you...
You're welcome - thanks for buying BYTs! :-)
Got mine .26 swap hive and some change. That is for 70 BYT. I need to double down while the price is low.
Bought some more.
Thanks a lot. I see sales starting to pick up again!
Awesome. Thanks. Received. …I plan to buy more BYT.
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I am excited about BYT. I have started accumulating BYT. Each week I will buy some BYT with my Hive rewards.