Announcement - New buyback system coming soon by holybread

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holybread · @holybread ·
$10.11
Announcement - New buyback system coming soon 
50% of all revenue of Holybread go to our prize pool of which we distribute 20% of it every week to the players in our weekly buyback. After only a few weeks we realize we are not happy with our buyback system because some players are disadvantaged. We receive a lot of suggestions on how to change it by users in our discord server and even in comments below our posts. In order to create a fair and equal system we decided to make some changes to our buyback in the near future. It will be easier for everyone!

![holybreadio.png](https://files.steempeak.com/file/steempeak/holybread/MzQKXgtq-holybreadio.png)

<h2>How does the buyback work currently?</h2>

Since the release of Holybread we buy back Breadcrumbs from players on Steem Engine every Sunday. Players have to transfer their ingame Breadcrumbs to Steem Engine. Therefore we use 20% of the prize pool to assure a more or less stable amount of Steem to use for the buyback. On random times throughout the day we fill sell orders on the market. We start from the lowest sell order until we run out of Steem.

<h2>What we don't like about the system</h2>

There are two major points that we do not like about the current system:

1. People have to get familiar with Steem Engine. Some players have probably never used Steem Engine let alone traded their tokens there. In order to receive part of the Steem from the prize pool it is inevitable to send Breadcrumbs from ingame to Steem Engine and create sell orders.

2. The exchange rate for Breadcrumbs is not equal. As people set sell orders at different prices, the value of Breadcrumbs differs within one round of buyback. It feels a bit like gambling to set a price for a sell order to make sure it gets filled at the highest exchange rate possible.

<h2>How will the new buyback system work?</h2>

The new system will distribute Steem from the prize pool on a daily basis. In order to receive part of the Steem players have to send the amount of Breadcrumbs they choose to a pool ingame. None can see how much Breadcrumbs are already in the pool for the day. After a period of 24 hours, the amount of Steem from the daily prize pool will be devided equally among everyone who has sent Breadcrumbs to the buyback pool. The Breadcrumbs players have sent will be gone. After all Steem is sent to the players, a list will be published ingame. This list will show all players and their amount they sent into the pool and the Steem they received in return.

<h2>What advantages does it have over the old buyback?</h2>

We see four huge advantages in this system:

1. It is simple! Everyone can join in easily without caring much about Steem Engine and sell orders. It's just one click at a button ingame and you're in.
2. The price of each Breadcrumb within one circle is exactly the same. Everyone who sends Breadcrumbs into the pool can be 100% sure that he/she will receive a part of the Steem from the prize pool.
3. It is very transparent! After every 24 hour period, every player has acess to the list that shows ever detail of the buyback.
4. It's on a daily basis. When a player doesn't have time to send his Breadcrumbs to the pool on one day, he/she doesn't have to wait a full week.  


<h2>When will the new system come into effect?</h2>

We do not have a date for the new system yet. It will take a few weeks as we want each and every player to be well informed in advance. Also the system has to be thoughtfully developed and extensively tested.
We will let you know about the date early in advance before the new system starts. There will be another announcement here and in discord, as well as an ingame notification.

Please feel free to aks questions.
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 163 others
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vote details (227)
@phgnomo · 
I like the idea, but have one question.

What is the plan for the hbc on steem Engine? How will we send them to the new buyback prize pool?
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@auminda · 
There will be an option soon to send Breadcrumbs from Steem Engine to Holybread.io. So you can still trade HBC on Steem Engine and you can bringt them back ingame to send them to the pool or use them for other ingame usage that will come soon aswell.
๐Ÿ‘  
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vote details (1)
@steemitboard · 
Congratulations @holybread! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://steemitimages.com/60x70/http://steemitboard.com/@holybread/comments.png?202002201339"></td><td>You made more than 10 comments. Your next target is to reach 50 comments.</td></tr>
</table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@holybread) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=holybread)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!


###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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@toofasteddie · 
Makes sense to me as well. Keep the good work up!!!
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@revisesociology · 
@tipu curate
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@tipu · 
<a href="https://tipu.online/curator?revisesociology" target="_blank">Upvoted &#128076;</a> (Mana: 15/20 - <a href="https://steempeak.com/steem/@tipu/tipu-curate-project-update-recharging-curation-mana" target="_blank">need recharge</a>?)
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@dotwin1981 · 
Das klingt doch viel viel besser. Daher ein LIKE. :)

Aber eine Frage schwirrt mir im Kopf rum. Was ist dann jetzt mit den Brotkrumen, die bereits zur Engine geschickt wurden?

!BEER !trdo !MARLIANS !COFFEEA !DERANGED !invest_vote
๐Ÿ‘  ,
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@trendotoken · 
Congratulations @dotwin1981, you successfuly trended the post shared by @holybread!
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---
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@auminda · 
Es wird sehr bald ein Update geben das den Brotkrumen ingame Verwendung gibt. Im Zuge dessen wird es dann auch die Mรถglichkeit geben HBC von SE zu Holybread.io zu schicken. Man kann also weiterhin auf der engine traden aber man wird auch ingame was mit den Krรผmelchen anstellen kรถnnen und eben dann auch ingame sich einen Teil aus dem Preispool sichern damit.

Posted using [Partiko Android](https://partiko.app/referral/auminda)
๐Ÿ‘  
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vote details (1)
@beerlover · 
<div class='pull-right'>https://cdn.steemitimages.com/DQmaHThyECGhEx8tSfHZbiMFRNYjJ35K92cDgiJjkzBUaJo/One%20sip%20of%20BEER%20for%20you.gif<p><sup><a href='https://steem-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p> Hey @holybread, here is a little bit of <code>BEER</code> from @dotwin1981 for you. Enjoy it!</p> <p>Learn how to <a href='https://steemit.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn FREE BEER each day </a> by staking.</p> </center><div></div>
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@investinthefutur · 
@dotwin1981 denkt du hast ein Vote durch @investinthefutur verdient! ----> [Wer ist investinthefutur ?](https://steemit.com/deutsch/@investinthefutur/wer-ist-investinthefutur)<br>@dotwin1981 thinks you have earned a vote of @investinthefutur !----> [Who is investinthefutur ?](https://steemit.com/deutsch/@investinthefutur/wer-ist-investinthefutur)
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@chireerocks · 
@holybread, Keep up the good work team. In my opinion it's a good sign that you are thinking ๐Ÿ’ญ from the users ๐Ÿ‘ฅ point of you, in my opinion this point will help you in more growth and **Point Of Adoption**. Good wishes from my side and stay blessed.

Posted using [Partiko Android](https://partiko.app/referral/chireerocks)
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@taskmaster4450 ·
$0.07
Are there any plans to integrate Breadcrumbs into the game so there is more than just selling the token?
๐Ÿ‘  
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vote details (1)
@auminda ·
$0.08
Yes, not only plans. There will be an update very soon that gives Breadcrumbs first ingame use cases. And there will be more to come.

Posted using [Partiko Android](https://partiko.app/referral/auminda)
๐Ÿ‘  ,
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vote details (2)
@californiacrypto · 
Yeah I really dislike this buyback way there is right now. I like what you guys are doing to fix it. Can't wait for the update. Hopefully doesnโ€™t take to long.
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@mobbs · 
This game needs music. Hit me up if you want some made ;)
๐Ÿ‘  
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vote details (1)
@braaiboy ·
$0.02
The new buyback will be great... but I'm more excited about uses for the crumbs in-game.

I'm feeling we need a way to recharge energy... *_hint, hint_*  ;-)

!trdo !BEER
๐Ÿ‘  ,
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vote details (2)
@trendotoken · 
Congratulations @braaiboy, you successfuly trended the post shared by @holybread!
@holybread will receive <b>1.58709375</b> [TRDO](https://steem-engine.com/?p=history&t=TRDO) & @braaiboy will get <b>1.05806250</b> [TRDO](https://steem-engine.com/?p=history&t=TRDO) curation in 3 Days from Post Created Date!

<b>"Call [TRDO](https://steem-engine.com/?p=history&t=TRDO), Your Comment Worth Something!"</b>
---
<sup>To view or trade TRDO go to [steem-engine.com](https://steem-engine.com/?p=market&t=TRDO)
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@deranged.coin · 
You just received DERANGED @holybread Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field,  view all your tokens at [steem-engine.com](https://steem-engine.com/)
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categoryholybread
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created2020-02-22 09:39:09
last_update2020-02-22 09:39:09
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@coffeea.token · 
[![coffeea](http://c0ff33a.uk/coffeea.jpg)](http://bit.ly/2YbNaET)  Lucky you @holybread here is your COFFEEA, view all your tokens at [steem-engine.com](https://steem-engine.com/) [Vote for c0ff33a as Witness](http://bit.ly/2YbNaET)
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created2020-02-22 13:50:12
last_update2020-02-22 13:50:12
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@loliver · 
Hรถrt sich echt gut an !trdo
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@trendotoken · 
Congratulations @loliver, you successfuly trended the post shared by @holybread!
@holybread will receive <b>0.02183963</b> [TRDO](https://steem-engine.com/?p=history&t=TRDO) & @loliver will get <b>0.01455975</b> [TRDO](https://steem-engine.com/?p=history&t=TRDO) curation in 3 Days from Post Created Date!

<b>"Call [TRDO](https://steem-engine.com/?p=history&t=TRDO), Your Comment Worth Something!"</b>
---
<sup>To view or trade TRDO go to [steem-engine.com](https://steem-engine.com/?p=market&t=TRDO)
Join [TRDO Discord Channel](https://discord.gg/wySP8T9) or Join [TRDO Web Site](http://www.trendotoken.info/)</sup>
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created2020-02-22 18:27:09
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@ana-maria · 
In reply to [my comment](https://steemit.com/holybread/@ana-maria/re-holybread-2020217t93530659z) under [your last post,](https://steemit.com/holybread/@holybread/buyback-bot-bans) you asked for my opinion regarding the new buyback system, so here it is. 

**At first, what I like about the new system and why.**
**1)** Daily exchange possibility from Breadcrumbs to Steem
**2)** Exchange without "the middle man" (SE) 
*Only this would not just help users unfamiliar with Steem Engine or maybe even with trading on such platforms* ***but above all,*** *by that* ***extra charges*** *in the form of existing (although very small) transaction fees from SE account to Steem Wallet or vice versa* ***will be cut out.*** *For gaming purposes only, it was something completely unnecessary, especially on Steem blockchain, where all the transactions are absolutely free of charge.*  

What I'm not thrilled about is that this **new buyback system "formula" has some crucial mathematical unknowns,** entirely unwanted for my taste, and they are the next ones. 

**1) A daily amount of Steem that is going to be exchanged for the Breadcrumbs in a daily pool.** 
*Assuming that you want to keep the same ratio as it was by now (20% of the total prize pool per week), my guesswork logic would be that this 20% would be divided by 7.* 
*So, if we today have about 5,000 Steem in the prize pool, 20% of it would be 1,000 Steem (per week), which divided by 7 would make something less than* ***143 Steem per day*** *available for the exchange of daily pool.* 
But we don't know if that's so or not, did you have the same logic and idea or maybe something entirely different. 

**2) What would be the price of Breadcrumbs?** 
The way how it's explained in this post, my guesswork logic understands it the following way. *I'll give (as I'm calling it) a plastic example for better understanding.* 

Let's say that John, Sally, Mark, David, and Suzy will decide each day to sell the same amount (portion) of their daily Breadcrumbs earning in the game. So, for Monday and Tuesday, their exchanges might end up as shown in the following table. 

<h3><center>  Player  </center></h3>  | <h3><center>HBC</center></h3>  | <h3><center> % </center></h3>| <h3><center> Steem </center></h3>
-------- | --------- | --------- | ---------
<center>John</center>  | <center>100,000</center>           | <center>52.63%</center>           |     <center>75.261</center>           |    
<center>Sally</center>  | <center>50,000</center>           | <center>26.32%</center>           |     <center>37.638</center>           |    
<center>Mark</center>  | <center>25,000</center>           | <center>13.16%</center>           |     <center>18.819</center>           |    
<center>David</center>  | <center>10,000</center>           | <center>5.26%</center>           |     <center>7.522</center>           |    
<center>Suzy</center>  | <center>5,000</center>           | <center>2.63%</center>           |     <center>3.761</center>           |    
<center>**Total:**</center>  | <center>**190,000**</center>           | <center>**100%**</center>           |     <center>**143.001**</center>           |    

***But what would happen on Wednesday when to the above five players join Alan and Steven?!*** Alan has been intrigued by Suzy's story of how she managed to exchange her 5,000 HBC for 3.761 Steem while Steven is one of the top 10 players who decided to sell at once most of his last week Breadcrumbs earnings. 
In that case, the table of payouts would look like this. 

<h3><center>  Player  </center></h3>  | <h3><center>HBC</center></h3>  | <h3><center> % </center></h3>| <h3><center> Steem </center></h3>
-------- | --------- | --------- | ---------
<center>John</center>  | <center>100,000</center>           | <center>2.38%</center>           |     <center>3.403</center>           |    
<center>Sally</center>  | <center>50,000</center>           | <center>1.19%</center>           |     <center>1.702</center>           |    
<center>Mark</center>  | <center>25,000</center>           | <center>0.60%</center>           |     <center>0.858</center>           |    
<center>David</center>  | <center>10,000</center>           | <center>0.24%</center>           |     <center>0.343</center>           |    
<center>Suzy</center>  | <center>5,000</center>           | <center>0.12%</center>           |     <center>0.172</center>           |    
<center>Alan</center>  | <center>5,000</center>           | <center>0.12%</center>           |     <center>0.172</center>           |    
<center>Steven</center>  | <center>4,000,000</center>           | <center>95.35%</center>           |     <center>136.350</center>           |    
<center>**Total:**</center>  | <center>**4,195,000**</center>           | <center>**100%**</center>           |     <center>**143.000**</center>           |    

-----------------------------------

So if, as shown through the above tables, my guesswork logic is correct, I can not but noticed that **we are,** although in a different way and without being caused by some market speculators, but still **back again in some gambling business** what you have emphasized that you don't like in the current system.

The way I see it, in this new system, the players who wants to sell their Breadcrumbs through daily buyback would be, in fact, some sort of the "lottery buyers" who will have to guess correctly and pick the right day in which top players will not exchange their enormous daily amounts of Breadcrumbs, not to win the jackpot but to win anything jut a bit more substantial eventually. 

**In short, without fixing the buyback exchange rate price for Breadcrumbs, I don't see how you may avoid that gambling issue at all.**

*However, that's my two cents on the subject.*
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@rentmoney · 
Nice improvement!

!ENGAGE 25
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@misterengagement · 
<center><div class="center">https://steemitimages.com/0x0/https://cdn.steemitimages.com/50x50/https://cdn.steemitimages.com/DQmdHfkhCPGYcfUqZqT4Br3nsmCpeVPj1BcLoepVX2PYeAE/engagetoken.png/ </div><br><br> @holybread you have received `25 ENGAGE` from @rentmoney!<br>View and trade the tokens on [Steem Engine](https://steem-engine.com?p=market&t=ENGAGE).</center><br><hr><center><sup>This tip bot is powered by witness <a href="https://untersatz.steem.design">untersatz</a>!</sup></center>
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@d-zero · 
This is a much better way. I love this :)
!trdo
properties (22)
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@trendotoken · 
Congratulations @d-zero, you successfuly trended the post shared by @holybread!
@holybread will receive <b>0.27036788</b> [TRDO](https://steem-engine.com/?p=history&t=TRDO) & @d-zero will get <b>0.18024525</b> [TRDO](https://steem-engine.com/?p=history&t=TRDO) curation in 3 Days from Post Created Date!

<b>"Call [TRDO](https://steem-engine.com/?p=history&t=TRDO), Your Comment Worth Something!"</b>
---
<sup>To view or trade TRDO go to [steem-engine.com](https://steem-engine.com/?p=market&t=TRDO)
Join [TRDO Discord Channel](https://discord.gg/wySP8T9) or Join [TRDO Web Site](http://www.trendotoken.info/)</sup>
properties (22)
post_id84,671,733
authortrendotoken
permlinkre-d-zero-q675vt-20200224t082138273z
categoryholybread
json_metadata{"tags":["comments-scot","trendo-bot"],"app":"comments-scot\/1.1","format":"markdown"}
created2020-02-24 08:21:39
last_update2020-02-24 08:21:39
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@trendotoken · 
Congratulations @holybread, your post successfully recieved <b>3.25908564</b> [TRDO](https://steem-engine.com/?p=history&t=TRDO) from below listed TRENDO callers:<br>

>	<sup>@dotwin1981 earned : **0.91985625** [TRDO](https://steem-engine.com/?p=history&t=TRDO) curation<br>@braaiboy earned : **1.0580625** [TRDO](https://steem-engine.com/?p=history&t=TRDO) curation<br>@loliver earned : **0.01455975** [TRDO](https://steem-engine.com/?p=history&t=TRDO) curation<br>@d-zero earned : **0.18024525** [TRDO](https://steem-engine.com/?p=history&t=TRDO) curation</sup> 

---
<sup>To view or trade TRDO go to [steem-engine.com](https://steem-engine.com/?p=market&t=TRDO)
Join [TRDO Discord Channel](https://discord.gg/wySP8T9) or Join [TRDO Web Site](http://www.trendotoken.info/)</sup>
properties (22)
post_id84,693,325
authortrendotoken
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json_metadata{"tags":["trdo","trendo-bot"],"app":"comments-scot\/1.1","format":"markdown"}
created2020-02-24 21:51:12
last_update2020-02-24 21:51:12
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@atomcollector · 
Much better!!!

Have a !BEER

<center>
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<hr>

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</center>
properties (22)
post_id84,791,423
authoratomcollector
permlinkre-holybread-q6enoi
categoryholybread
json_metadata{"tags":["holybread"],"app":"steempeak\/2020.02.5"}
created2020-02-28 09:29:06
last_update2020-02-28 09:29:06
depth1
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@beerlover · 
<div class='pull-right'>https://cdn.steemitimages.com/DQmaHThyECGhEx8tSfHZbiMFRNYjJ35K92cDgiJjkzBUaJo/One%20sip%20of%20BEER%20for%20you.gif<p><sup><a href='https://steem-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p> Hey @holybread, here is a little bit of <code>BEER</code> from @atomcollector for you. Enjoy it!</p> <p>Learn how to <a href='https://steemit.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn FREE BEER each day </a> by staking.</p> </center><div></div>
properties (22)
post_id84,791,428
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created2020-02-28 09:29:21
last_update2020-02-28 09:29:21
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last_payout2020-03-06 09:29:21
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