As you may or may not know, RUG is part of the BRO umbrella, as it is the same with SPI. It's a joint project between @silverstackerUK and myself. We decided to add more spice to dabs and dbond by introducing RUG. RUG was our last token in that series.
RUG works in the way that whenever a stack of RUG is bought, we swap that hive over into LP pools on other chains. Then we shave off those profits and swap them back into hive and mint and buy some DBOND with it -- then we disperse DBOND to RUG holders.
A Nice play on things.
Sadly our biggest holder this week decided to sell out. They wanted to sell us back 11,000+ RUG which was about around 18,000 Hive or thereabouts. And you know what?
We were able to fill that order -- because the liquidity is all there. We don't sell or take anything from the purchases.
Anyhoo, that's the nice thing about buying RUG - if you want to sell your stack we'll buy it back off you. No questions asked. We'll always have the liquidity there to do it.
Now that I've seen this play out, and credit where credit's due, it was silverstacker's idea to make RUG, I'm actually thinking of migrating the model that we use for RUG to BRO and LGN. How that will work I'm unsure yet, but it's something I'd like to consider for next year when our assets gain a bit more worth again.
Instead of storing assets, or even hive, we would put out a significant part of it in top 10 liquidity pools and play it relatively safe, and that way we could pay for brofi and legionsupport with the profits that we bring back from the pools, and also drip hive via the pools too. Our growth would be far better than it has been in the last two years that's for sure.
Anyway, it's something I'm going to give some serious thought, and I've also got RUG as a testing ground for the next few months to see if anything arises that I might not have prepared for.
Regardless, it'll be a lot of fun, and if I play it right I might actually be able to start giving people their BRO or LGN back at just below market price if they so wish. That was always the plan before we were hindered.
But that's the plan moving forward - my intention was to always make as much hive as possible and share it amongst out investors.
Well thought, so it'll be something like the XV token...
I can just about keep up with everything you have said in this post - I think! But man you seem to have everything covered. For all the hustlers and scammers in crypto land it's always good to see someone genuine about building and delivering for investors.