New Year, New Update

Quick Stats :

Pool Value $516.25 HBD
1 Hive = 99.565 GLD

About the GLD coin: What does it stand for:
G - Generate (income)
L - Live life (use income)
D - Develop community.

• Where is it used:
  It is to be used as the coin in the #earnspendgive community. Weekly rewards for the community will be given in the GLD token to people who write on the post prompt.

• Where do I buy or sell it?
  It is on the hive-engine exchange but typically it is easier to buy and sell using the tribaldex.com liquidity pool between GLD and Swap.Hive

• I buy it?
  You shouldn't. Right now it is a token in development. If you want to hold the coin simply post quality content in the #earn spend give community and you can get the coin free. You could buy it but as I said, this isn't the time.

• What is its end use case scenario?
  This coin will be used to reward members in the Earn Spend Give Community. There is also a plan being worked on to use it as a bridge currency between Hive and a Permaculture project I'm working on with a couple other members. It is still in the discussion stage but things are progressing.

Current state of the coin:

The value of the coin is holding roughly steady keeping its peg at 100 GLD to 1 Hive.

However, @monica-ene let me know that someone had thrown the Hive-engine market for the coin off .. by purchasing up the available supply there and then offering it back at a hugely inflated price.

I have no intentions of letting people try to scalp other members on the purchase of the coin. To make sure that doesn't happen again I've put a larger float of coin up for sale on the Hive-Engine. If anyone wants to buy it out they will have to spend more money to kick it off its 100:1 peg. Note to anyone who wants to try that....If the available supply at 100:1 is bought out I will invest the hive proceeds into HBD to produce income. Then I will issue move GLD at the peg of 100:1 to keep its peg. Income produced from any HBD investment will be used to fund the upcoming GLD mining initiative (not yet started).

Do not buy GLD at a rate higher than 100:1

Please don't try and pump and dump the coin!

As for the liquidity pool. It's gone from a value of $197 to $516.25 in a week. That really makes no sense to me as it shouldn't be anywhere near that much. Perhaps it has to do with the coin available on hive-engine. Perhaps it has to do with the person trying to pump and dump his coin. Either way I won't complain with the higher valuation but readers should know that its likely not nearly this high.

This weeks rewards
This week 1200 GLD has been distributed to the authors in #earnspendgive who all posted about the holidays. The next post topic is "What should the community talk about in the coming year" Feel free to join in if you are so inclined..Just make sure you tag @terganftp so you can get read, curated, and rewarded :)

Thanks to
@supernova004
@rare-gem
@jjmusa2004
@monica-ene
@emreal
@lightpen (welcome back!)
for your post

Will each be receiving 200 GLD token each. A double reward because it ran for twice as long

This weeks purchases.

@terganftp was awarded 37.332 Leo coins for his delegation to @leo.voter

Those coins have been used to purchase 5.34 HIVE which will be mixed with 534 GLD to increase the value of the liquidity pool. Bigger liquidity pool, less change in value when tokens are redeemed.

Overall there are 40,000 tokens available

As for is holding the most?

@terganftp is the primary holder of the coin as he's the one who has to give out rewards for the post prompts.

NOTE: The Coin prices are NOT showing correctly!

There is ZERO chance that 1776 GLD tokens are worth $60,313! They are worth 1.776 HIVE or about 60 cents! Please don't be fooled!

As for the Richlist:

It pretty much reads exactly like last week...but with regular posters holding a little more coin and @terganftp holding a lot less to make sure no one tries throwing the GLD token off its 100:1 peg.

And that's the coin update for this week

Thanks for reading

Side note for @henrietta27 I notice you have a fraction of a GLD coin which is odd because I've only ever given them out in full coins. I hope you didn't get scammed by whoever tried to alter the price of GLD. If you did get scammed let me know and I'll see if there is anything I can do to help out. Just message me @terganftp