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Making Utopis Great Again by chronocrypto

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @chronocrypto ·
$52.34
Making Utopis Great Again
![image.png](https://files.peakd.com/file/peakd-hive/chronocrypto/23tkp4KqVF8iGfSQhtMyFoeXvxj3h1YtzFfFEKZZdc5KGEpXCaAQ7KRg3LnC9F73uD3EV.png)


How Utopis Works:

Token sales are used to expand the current curation accounts for tribe rewards and upgrading the mining operations. Additionally percentage of doordash income is used weekly to buy hive and distribute among token holders.

# Proposal 

1. Use weekly funds to buyback utopis off market and distribute the bought Utopis to token holders.

2. Use held Utopis to pay out investors and use weekly hive funds to set a floor price on hive-engine to reduce price depreciation and increase liquidity 

3. Hybrid of both above strategies. Use 50% to buyback (use holdings for remaining dividend payout) Use remaining 50% to set a floor level 

In each scenario as an investor you do not lose any value in form of dividends. You would receive Utopis instead of hive.
 
Buy setting and increasing a floor price over time this would insure you are able to sell your tokens when needed at a true value.

**Good response so far..** 


![image.png](https://files.peakd.com/file/peakd-hive/chronocrypto/23t7FMQsvVQmxZj65zJ5RvoVb76ZLxSva1SSTqkK7UZFmzhTPMWeRSFTksv8kBHu8HGWP.png)


***
# Utopis content from holders

[Utopis best in class dividends project](https://leofinance.io/@hykss/utopis-best-in-class-dividends-project) - Written by hykss
[Planning on increasing my UTOPIS stake | Data of Total Hive received by the UTOPIS investors](https://peakd.com/hive-167922/@bala41288/planning-on-increasing-my-utopis-stake-or-data-of-total-hive-received-by-the-utopis-investors) Written by bala41288
[utopis project dividends dropped but now you 're drops in other coins ...](https://peakd.com/hive-193084/@funnel/ntfcwkc4hipqsjsfm3rmrw) Written by funnel
[One the best token on hive and its lovely dividends πŸ˜πŸ’°](https://peakd.com/hive-167922/@bhattg/one-the-best-token-on)- Written by bhattg
[A Way To Earn More Hive On Hive While You Sleep](https://peakd.com/hive-167922/@readthisplease/a-way-to-earn-more-hive-on-hive-while-you-sleep)- Written by readthisplease
[If you're not looking into Utopis, you should be.](https://peakd.com/hive-167922/@dagger212/if-you-re-not-looking-into-utopis-you-should-be)- Written by dagger212
----

# Tokenomics of Project Utopis
* Total Hard Cap: 1 Million Tokens~
* Total Burnt (null) 850,000
* Total Minted: 150,000 and in circulation (80776.7836134) held by accounts, I currently hold 69,223.21638656	 
* Current true* price of Utopis 5 Hive. 



# Utopis is at 28k hive delegated, 

[Delegate Hive to Utopis to earn Utopis token](https://peakd.com/hive-167922/@chronocrypto/utopis-new-way-to-earn)

You can you buy [Utopis](https://tribaldex.com/trade/UTOPIS) on [Tribaldex](https://tribaldex.com/trade/UTOPIS). 
β€œTribaldex is made by the same Hive-Engine Team”

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chronocrypto/making-utopis-great-again)
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@aiovo ·
$0.34
nice I would support whatever your choice
πŸ‘  ,
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@eirik ·
$0.39
All options sound good.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eirik/re-chronocrypto-3ooapm)
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@hollowknightgod ·
$0.32
I'd like 2 and 3 better than 1, but to be honest I find Utopis great already so any improvement is awesome!
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@imno ·
$0.35
Honestly, I was excited today to go find Utopis for under 2 hive so I picked up 23 more and if they stay there for a few more days I'll probably end up buying at least 100 more. 

I currently have almost 200 and my goal is to get to 1% ownership (1500) by March or April. Cheaper prices make that easier than artificially inflated prices. 

Plus, I never intend on selling so for me personally, high prices are a hinderance that don't provide anything in return. 

I'm sure I'm in the minority on this though. People want moonshots. I want to lots of ownership in great projects that pays me enough to hold it that I never have to sell. 

If "none of the above" is not an option though, I think I like 2 better but I don't fully understand what you mean by "held". Is this out of your personal holdings? If so that doesn't seem right to me.
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@jfang003 ·
$0.32
I am fine with any of the three options. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-chronocrypto-2dkhda)
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@kevinnag58 ·
$0.32
Great idea and I'm fine with either option.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@kevinnag58/re-chronocrypto-6vst5q)
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@paasz ·
$0.34
the Hybrid option

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@paasz/re-chronocrypto-59bd74)
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@pieternijmeijer ·
$0.34
Maybe I'm just somewhat slow to get it, but why worry about a lower market price? If that's what people are buying/selling the token for, that's what it's worth, no ifs and buts. Also you're putting the true value at a price that the token has never sold for, which is quite an optimistic view. I'm not opposed to any of the mentioned methods, but I don't get the urgency to do such things
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@imno · 
I'm with you. I see no reason to artificially inflate the price of the coin. Low prices help long term holders like me accumulate more which pulls supply off the market and helps real price increases happen. With only about 90k coins circulating, how long can it take to build a solid base?

It also seems to me that utopis were meant to be a high dividend coin that grow in value due to the increasing dividend. I get that prices increasing is exciting but a high dividend coin is something people should benefit from holding long term. This play to use the dividends to prop up the price only helps people who want to sell the coin.
πŸ‘  
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vote details (1)
@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 80 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-80-and-start-week-81) just started...you can now check the winners of the previous week!</center><center>!LUV</center><center><sub>12</sub></center>
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@shortsegments · (edited)
$0.37
It’s great to see members of the community building investment opportunities.!
Please consider @easydefi as a possible investment into and as a source of dividends.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-chronocrypto-s9bvl)
πŸ‘  
πŸ‘Ž  
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vote details (2)
@taskmaster4450le ·
$0.62
I am fine with either.  It makes sense to distribute the UTOPIS in that manner.  This would provide liquidity and buy support.

Not a bad idea.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-chronocrypto-4vdlmy)
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vote details (3)
@tobetada ·
$0.25
sounds good!

@tipu curate
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properties (23)
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@tipu · 
<a href="https://tipu.online/hive_curator?tobetada" target="_blank">Upvoted  &#128076;</a> (Mana: 2/82) <a href="https://peakd.com/hive/@reward.app/reward-app-quick-guide-updated" target="_blank">Liquid rewards</a>.
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