This month we saw another small increase in the value of the SORT token based on assets. Each SORT token is now backed by assets worth 2.41 Hive. It's a slight increase, but a good one considering that this year we're focused on creating a buy wall to provide liquidity to the token. And this month, that wall has been filled with 10 more Hive tokens.
It's been a somewhat complicated month, with some Hive-engine tokens losing value. I'm thinking about pivoting my investment and exiting Hive to seek better returns. In any case, if I decide to do so, I'll put it to a vote first, since the token is tied to the Hive community and helping its projects grow.
I expect similar growth next month and to be able to increase the liquidity of the token. I am accumulating BEE to be able to launch a pool at some point.
The selling pressure on the token continues despite allocating a greater amount to the buyback, but it will be less and less since there are fewer and fewer tokens in circulation, so we hope to be able to stabilize the situation and give the best possible solution to those who want to sell. .
The objective is to place the buying wall as close as possible to the selling wall.
Good things:
- Our HP's growth continues strong.
- We have increased the delegations.
- Pools continue to grow very well.
- We see many good opportunities in the market.
Not so good things:
- We sold few tokens on the market
- We lack liquidity to be able to take advantage of opportunities
- The market does not seem to pick up the value of our assets.
And without further ado, here are the important data you were expecting:
- The SORT token value has increased to 2.41 Hive.
- The token will only be sold at a value price per asset. The only way to get it at a discount will be to delegate HP to the @lasort account.
Many of you have asked for the possibility of getting the token in other ways than just buying it on the market. Well today I am going to present the first of them, the HP delegations.
Starting today you can delegate your HP to the @lasort account and you will receive SORT tokens weekly. We will pay 100%
Requirements:
Delegate HP to @lasort account
Minimum to delegate 100 HP
Benefits:
90% of curation returns are paid weekly to delegators in SORT tokens
10% of the returns will be accumulated for a special raffle among the delegators.
Dividend distribution token SORT
- All those who have more than 10 SORT tokens are entitled to the distribution.
- Payment is made by blocks of 10 tokens. That is, if you have 12 tokens you are entitled to a payment on 10 tokens.
- Payment is made in Swap.Hive this month.
- I update the value of the token which is already 2.41 Hive per asset value.
Returns:
- The main one is the raffles that represent 50% of distributions. More than a thousand annual awards. Yes, more than 1,000 annual awards!
- Value of votes $0.05 once a day among the participants. The vote is not guaranteed and the publications have to have a minimum of quality.
- The current dividend yield is 7.25% per annum Temporarily suspended
- The asset value of the token is 115% higher than the pre-sale price.
Beneficiaries:
If you like draws and you like to receive dividends, the token that has everything "SORT" has arrived.
Perpetual lottery ticket that distributes dividends 1 Ticket for every 10 Sort Tokens Gives the right to participate in multiple raffles without the need to sign up.
You can purchase your Sort tokens here:
https://hive-engine.com/trade/SORT
Token Sort White Paper
TOKENOMICS of the SORT token in detail.
SORT Token Utilities
Use of resources obtained from the sale of the SORT token
Use of the returns obtained by the SORT token
Draws for pre-sale buyers
