Last 24 hours statistics
In the last 24 hours, Burn Bot 9000 has burned 2.833 LEO, delegated 0.283 LEO to @meowcurator and sent 0.031 LEO to @mrtats for management fees.
What is Burn Bot 9000?
Burn Bot 9000 is an automated bot that burns LEO. Every LEO it receives whether from a burnpost or self-sustaining burn mechanism, will automatically be burned.
Self-sustaining Burn Bot?
Yes, same with all other burn posts, Burn Bot 9000 will automatically burn LEO, however, it will follow a different structure to at one point, require no input from community users and be 100% self-sufficient in burning LEO. To explain on how it works, I need to explain how the "economics" work.
Burn Bot 9000 will check for any incoming LEO to the account every so often, completely automated. From the incoming LEO, 90% will be immediately burned. 9% will be powered up and delegated to @meowcurator, which in result, will yield daily LEO funding for Burn Bot 9000 -- which will be burned automatically. 1% will be taken by me (@mrtats) as management fee.
Example
If Burn Bot 9000 receives 100 LEO, 90 LEO will be immediately sent to @null and burned, 9 LEO will be powered up and delegated to @meowcurator for daily LEO rewards, 1 LEO will be sent to @mrtats for management fees.
It is the same case whether or not if someone sends any amount to Burn Bot for burning or from rewards Burn Bot receives from author rewards and potentially comments. Burn Bot will not curate posts.
Why should we burn LEO?
To decrease the circulating supply and therefore balancing the supply/demand.
If you would like to support this endeavour, please feel free to upvote this post.
Congratulations @burnbot9000! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 200 upvotes.
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Edit: I think if you are using the leofinance.io frontend, their bot will not pick your command.
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NOTIFYIs there a way to set reward beneficiary for LEO token rewards, while posting a new post from leofinance.io? or from peakd?
I know it can be done for Hive/HBD rewards, but - how to make this for LEO rewards?
I want all LEO token rewards to be sent to burnbot9000 at the expiration moment of the post. How to do this?
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As far as I know, you can't set tribe specific beneficiaries. If you set a beneficiary for Hive/HBD rewards and include a token paying tag, they would also receive those tokens at whatever percentage point you set that beneficiary.
Honestly, it would be really a nice feature to have tribe specific beneficiaries.
Posted Using LeoFinance Beta