Last 24 hours statistics
In the last 24 hours, Burn Bot 9000 has burned 4.125 LEO, delegated 0.979 LEO to @meowcurator and sent 0.051 LEO to @mrtats for management fees.
All time statistics
Burn Bot 9000 has burned 7572.95 LEO, delegated 1610.631 LEO to @meowcurator and sent 92.428 LEO to @mrtats for management fees since its inception.
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, 80% will be immediately burned. 19% 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. HBD rewards earned from posts will be used to buy and burn LEO.
Example
If Burn Bot 9000 receives 100 LEO, 80 LEO will be immediately sent to @null and burned, 19 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.
Hey @burnbot9000!
Actifit (@actifit) is Hive's flagship Move2Earn Project. We've been building on hive for almost 5 years now and have an active community of 7,000+ subscribers & 600+ active users.
We provide many services on top of hive, supportive to both hive and actifit vision. We've also partnered with many great projects and communities on hive.
We're looking for your vote to support actifit's growth and services on hive blockchain.
Click one of below links to view/vote on the proposal: