Today we filled the 0.055 sell order with an other 300K making it the full 600K for that price. We immediately placed the full next sell order. 500K at 0.089 MintMe. Updated the buy order and bought back some coins
We sold over 7.1M StoreCredit, we burned 4.6M of them and about 2.5M are out there. 200 are in our burn wallet. --------- Our system: We use fibonacci to determin the price. And drop the amount a 100K (later 10K) every step. The profit we make with our sell orders we use to make a corresponding buy order the left over we send to our burn account. Once the burn account hits the full ammount of tokens we burn them and take the corresponding buy order offline. Only than we make a tiny bit of profit wich we'll keep. Our buy back price will never be lower. Price slowly goes up and StoreCredit becomes more scares. Win - Win !! And we garantee that there will be buy orders for all StoreCredit coins out there... When you sell your coins back to us, we'll put the coins back up for sale at the lowest price using the same sequence. Lets hope MintMe goes up StoreCredit becomes even more valuable.
Today we sold some of the other tokens we owned, so we could buy up to a million StoreCredit and burn them. (0x43ad9d8fee3fc536f2352d6a413857c169269b245a5384150b0419009862e464) This means we burnt 4.6 Million StoreCredit in total. Like we said, we removed the lowest BuyOrder at 0.0005 MintMe. The price of StoreCredit will, from now on, never ever drop bellow 0.0008 MintMe. Ones our Burn Account has 900K StoreCredit in it, we will burn them again.
