All author rewards (Hive and Tribe Tokens) automatically burned.
Burn Post - 2
2 years ago in #leofinance by buildawhale (84)
$6.93
- Past Payouts $6.93
- - Author $3.48
- - Curators & beneficiaries $3.45
- > null: $3.46
140 votes
- steembasicincome: $1.72
- fredrikaa: $1.06
- cryptoandcoffee: $0.57
- enforcer48: $0.52
- traciyork: $0.40
- steevc: $0.31
- apeminingclub: $0.28
- prinzvalium: $0.27
- lacking: $0.18
- babschnae: $0.17
- yintercept: $0.11
- louisthomas: $0.09
- teammo: $0.08
- bluerobo: $0.07
- phoenixwren: $0.07
- r0nd0n: $0.06
- scooter77: $0.06
- gualteramarelo: $0.06
- heroldius: $0.05
- johnhtims: $0.05
- and 120 more
Is this really a thing...
Posted Using LeoFinance Beta
The burn post feature in PeakD sends the author rewards to @null. This reduces the amount of coin floating on the market. HIVE has a function that periodically clears the null balance.
HIVE Engine just lets the null account accumulate but ignores it in its market cap calculations. You can see the coins sent to null on HiveStats:
https://hivestats.io/@null
As I understand, curators keeps the rewards. It only burns the author rewards.
NOTE: Some people run burn posts in which they claim that they will manually burn the rewards. I suspect that some of them will burn the rewards for a particular alt-coin and keep the rest.
Posted Using LeoFinance Beta
¯\_(ツ)_/¯