Last 24 hours statistics
In the last 24 hours, Burn Bot 9000 has burned 3.385 LEO, delegated 0.804 LEO to @meowcurator and sent 0.042 LEO to @mrtats for management fees.
All time statistics
Burn Bot 9000 has burned 9163.761 LEO, delegated 1988.338 LEO to @meowcurator and sent 112.171 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.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.