You are viewing a single comment's thread from:RE: Burning HIVE! | Nov 2021 | How much HIVE is burned and how?View the full contextsmooth (73)in LeoFinance • 2 years ago HIVE to HBD conversions is another burn (5% of the amount converted)
Not sure should we consider those as burns ... they can come back :)
I made post specificly on conversions.
https://peakd.com/hive-167922/@dalz/hbd-to-hive-conversions-are-up-or-how-much-more-hive-was-generated
The fee part can't come back.
Let's assume HIVE = $1
100 HIVE->95 HBD (5% fee deducted and burned)
95 HBD->95 HIVE (no fee in this direction)
5 HIVE burned.
If the price changes, the conversion rate can go up or down, and the HIVE supply with it, but the fee is forever.
That's right.
Posted Using LeoFinance Beta
True that!