I apologize for not posting last month’s report as promised. The truth is, there hasn’t been much to report on lately with the Shave Vault being permanently locked. Most of the XH5 token redemption is now fully automated, which means there isn’t much for me to do on that front, and the price is largely determined by the permanently locked liquidity pools that operate around the clock.
The Monthly Rewards still need to be distributed, but last month I ran into a problem getting that done. As I previously mentioned, the Monthly Reward was planned for 11 wallets over the next few months which included October, November, and December. Three of those wallets had already received that reward in October, and they then proceeded to dump those tokens on the market before removing the XH5 trustline. One other wallet removed a trustline before they could receive the reward as planned, and four deleted their wallets entirely. That only left the three wallets that are receiving December’s Monthly Reward.
The complete lack of management needed for XH5 to operate doesn’t mean that all development has come to a halt. I continue to purchase roughly $2 worth of XH5 from the market every day, though I’ll admit it’s not as significant of an amount as I’d like, given that I don’t currently have a regular income. I hope to be able to contribute more in the future, but as always, there are no guarantees.
I’ve also attempted to stabilize the price of XH5 in relation to the value of Stellar lumens (XLM), rather than in relation to the US dollar. I believe that XLM will be more valuable in the long run than the dollar, despite the current bear market. My personal beleif is that XLM will mostly go sideways, or even possibly lower against the dollar, until mid-2025 when the Stellar Development Foundation eases up on their token distribution. If I’m correct, this means that while the value of XH5 against XLM may remain relatively stable, the price in terms of USD may continue to decline.
Please note that this is not financial advice, but simply my personal opinion.
And as always, Do Not Buy XH5!
I give it away for free, and as we have seen from the recent Monthly Reward distribution, people who receive it for free are likely to dump it on the market and run.
With that being said, I would like to take a moment to thank all of my token holders for sticking with me over the past year, even through the difficult times of this bear market. I know it hasn’t been easy, but I hope that the work I’ve been doing behind the scenes will eventually pay off.
Just remember that XH5 is not intended to make you rich.
Life is your Adventure, Live Your Dream
I appreciate your dedication to supporting XH5, even if you’re only able to contribute a small amount right now. It’s totally understandable that your financial situation might be a bit tight – I hope things improve for you soon. Thanks for your continued efforts!
I’m not sure if you counted me among the eleven accounts, but I’m still here and haven’t dumped my XH5.
I still have, and will maintain, my XH5 trust line. I’m in it for the long haul.
Nice! That’s good to hear!
It’s good to hear that most of the XH5 token redemption is now fully automated. Thanks for the update on the XH5 token and the Shave Vault. I’m glad to hear that most of the XH5 token redemption is now fully automated. That’s such great news!