RE: This Is Awesome - Weekly Payouts To Delegators #195 - Plus Prize Drawing

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There is not a set amount of AWESOME tokens bought for the payout to delegators, it's just equal to what liquid Hive is earned in the week, and that will remain so.

What changes as @thisisawesome is buying AWESOME tokens is that now it will place standing buy orders (this is not buy back by the way as that is all on the @awesomecuration account), and then it will close those once the week is over and buy what is left.

This will of course drive the price up quite a bit, but it will not change the underlying Token Value which is the 100% backed position, so @awesomecuration will continue to have a daily adjusted standing buy order at Token Value and burn all tokens bought back, and at the same time the price in the market is free to be set by the market forces.

I hope that clarified it for you.

!ALIVE

hive-131590
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Thanks for the answer!
So what I take is, @thisisawesome will have to buy the AWESOME tokens for the payout to delegators via market at whatever the price is, but maxed up to the same amount of liquid HIVE earned in the week.
That's good, but the only downside i see right now is that there's not enough liquidity in the market to buy lets say... 15 HIVE a week of AWESOME unless the price shot up
Guess we will find out soon enough!
Thanks again Erik!

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It will drive the floor up with the standing buy orders as they will be placed just over the top standing buy order at the time of placement, so it will create a busier market.

!ALIVE

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