You are viewing a single comment's thread from:

RE: Data Analysis - Amount of Leo burned everyday because of tax for non-native posts .

in LeoFinance3 years ago

@dagger212 I completely agree with you. If the users from other front end feel that their content matters to the leofinance community then it is good to have the same. The rewarding is part of the governance of the leo community and there should not be any problem for even the contributors who are posting it from outside. I think burning also helps in maintaining the supply of the coin and affects positively on the prices. So overall its a great thing and its good to see that close to 1% of the total daily generated tokens get burned due to this tax.


Posted via proofofbrain.io

Sort:  

I agree with you :)

I am okay with people posting from other front-ends but what happens is I hate when people put so much effort into making posts and post it from other front-ends because then they will lose 5-6 LEO just because of the tax .

Posted Using LeoFinance Beta

Yes, but they're "getting" a lot more of the token they want from the front-end they're using. The LEO isn't the goal, it's an added bonus. If it's not the full amount, who cares? It's still more than they would have gotten had they not tagged it from the front-end they're using. Like I said, they want the POB more than the LEO. The LEO is a bonus and the LEO community benefits to a small degree by "taxing" it and burning.

Posted Using LeoFinance Beta

Totally agree with you on this one . CTP has become the same ,everyone uses CTP as a tag just to add it to the wallet , it is a bonus . The fact that CTP doesn't have a tax is more encouraging to use it .

Posted Using LeoFinance Beta

I think this has to be weighed from cost benefit ratio. I have never done these kind of projections before but you are right, instead of wasting those little leo tokens for every token, if those can be staked I guess there would be a good amount of value generated for the platform. We need to use leo front end to post into those tribes which donot have such taxes like the sports


Posted via proofofbrain.io

We need to use leo front end to post into those tribes which donot have such taxes like the sports

But Sports and Leo posts rarely come together . We see very very less amount of sports posts which are also Leo posts .

Posted Using LeoFinance Beta