20% Fixed Profit For Burning VAULT Tokens To @VAULT.BURN - Latest Update

in #developmentlast year
Hello Hives,
Now it's time to share the news of our latest Curation bot feature - Burn VAULT Tokens to receive 20% - Fixed Profitable Upvote via @hiveupme curation bot.


How Burn-To-Upvote Works?

I hope you can remember how "bid-based votes" - bid bots, works at STEEM time. Here we are following some features of that concept, but the process differs from that mechanism.
Because here you can't find a bidding pool. What you can do is, send VAULT Tokens to @vault.burn & it will share an upvote that might be worth 220% of the sent amount. That means you might receive a 20% profit for that vote request.
Moreover, this mechanism will burn VAULT Tokens & it will share 70% from burnt VAULT Tokens worth SWAP.HIVE between delegators.

Steps to Burn-To-Vote

First of all, you should aware the author is Whitelisted at @hivewatchers, @spaminator watchlist. We are referring to the Spaminator API to retrieve Blacklist authors & we also keep upgrade the version of that list with our own Blacklist.
Accidentally, if you send a Blacklisted name, we refund you up to 3 times. Then there will be no refunds.

We hope now you are ready to go forward!



The Process

  • Step 01 : Check Author is in the Blacklist or not
  • Step 02 : Save to the Database
  • Step 03 : Check the latest bid to burn from Database
  • Step 04 : Check Vote Power reach the minimum Vote value, then calculate the Vote Value
  • Step 05 : If sent bid amount more than Vote Value, Full weight upvote & refund the extra
  • Step 06 : If bid amount less than Vote Value, calculate Vote weight & upvote
  • Step 07 : Burn bid VAULT amount to @null
  • Step 08 : Share 70% of Bid value between delegators

Limitations

  • The post should not exceed 12 hours from it's created time.
  • 3 times max refunds.
  • The lowest bid to burn is 5 VAULT Tokens.
  • Posts upvotes use First in first out mechanism.
  • The maximum waiting time should be 22 hrs. (Then refund happens)
  • You can only share posts, no comments will get an upvote.

Delegators Benefits

  • 95% Curation Rewards.
  • Delegators can earn free upvotes. (High probability to receive free votes)
  • 70% Burnt Tokens worth SWAP.HIVE will share between delegators.

Refunding Process

Yes, we have created one of the best refunding processes if Burn-to-Vote failed. If any issue, please contact us here or at Discord.
upme.link


"Delegate @hiveupme Curation Project To Earn 95% Delegation Rewards & 70% Burnt Token Rewards In SWAP.HIVE"
Contact Us : CORE / VAULT Token Discord Channel

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Hello. I've been rehearsing a few times lately. But the function doesn't seem to be working. I am considering ending the delegation.

Hi @zirky,
I did a manual refund of 20 VAULT that you sent 10 days ago. The burn-to-vote function is temporally disabled.
Ending the delegation is up to you. To use this feature, you won't delegate at all. If you delegate more (example:- 1000 HP+) your posts will follow @hiveupme mentor votes. So you will get a higher chance of receiving upvotes for the good content. (You will receive 95% curation rewards too)
$WINE

Thank you~

Thank you for answer. I delegate a significantly smaller amount. About 130 HP. I liked to use the vault.burn function to occasionally enhance (not only) my posts. So maybe it will be fixed soon, or it will be possible to use the delegation differently.

I think delegate more than 500 HP might be profitable.

Thank you. I'll try it.
!WINE


Congratulations, @zirky You Successfully Shared 0.100 WINEX With @theguruasia.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/1 Successful Calls.

wine_logo


Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.316


Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
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Congratulations, @theguruasia You Successfully Shared 0.300 WINEX With @zirky.
You Earned 0.300 WINEX As Curation Reward.
You Utilized 3/3 Successful Calls.

wine_logo


Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.316


Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us

Hi, can I be a delegator while using Vault token burning?
Can I be both?

@jjprac,
Yes you can delegate & burn-to-vote. That means you can earn VAULT via delegation, then you can burn it for votes (20% fixed profit), finally you can 70% (through delegation pool) from burnt VAULT worth Swap.Hive.

Later we will add a new feature that might share 20% - 100% random vote for delegator's one post per day. (A limited edition) That might be an additional profit for @hiveupme delegators as well.

Cheers~

That's great, thanks for the reply.

Done, my very firts one to see if it works and how it works :D 10.7 vault send to vault.burn :D


Congratulations, @hiveupme Your Post Got 100% Boost By @hiveupme Curator.
@theguruasia Burnt 6.501 VAULT To Share This (20% Fixed Profit) Upvote.

upme.link

"Delegate @hiveupme Curation Project To Earn 95% Delegation Rewards & 70% Burnt Token Rewards In SWAP.HIVE"

Contact Us : CORE / VAULT Token Discord Channel

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To support your work, I also upvoted your post!