How This Post Helps
By voting on this post you will still earn curation rewards. However the author rewards will be burned at the percentages show below. This BURN reduces the supply of tokens which reduces the circulating supply and should increase the value of the current tokens that are in circulation.
How It Works
This will be a daily post of which these tokens will be burned after 7 days when payout happens.
- LEO - 50% (week 1) 80% (week 2) After two weeks this will most likely be adjusted to 90% or higher.
- CTP - 50% (week 1) 80% (week 2) After two weeks this will most likely be adjusted to 90% or higher.
- POB - 50% (week 1) 80% (week 2) After two weeks this will most likely be adjusted to 90% or higher.
- Neoxag - 50% (week 1) 80% (week 2) After two weeks this will most likely be adjusted to 90% or higher.
- If any owner to these tribes does not want this post on their tribe and does not want to have it as a burn post they can request to have that done
Yes, you earn curation rewards for voting on this post. Author tokens will be burned per the timestamps and percent's seen above.
You can view the total burn on tribes by visiting the home page and seeing the red burn text as seen here.
- LeoFinance does not seem to have this chart to show how many have been burned. If there is a place however please let me know.
After 7 days screenshots from each tribe will be posted here. For now since this is only post #3 no burn will happen until post 8 as there will be a one day lag. It will reference the post as well to show proof of the post and burn.
Why don't you set the beneficiary to 100% @null?
I don't believe curation rewards can be earned in that case but please correct me if that is wrong. If you do I'll be happy to change it as soon as the posts go to 100% which will be soon just need a little hive power in order to have the RC
Yeah that is the point, I think everything should be burned. I see the curation rewards as an underhand self-vote and a form of abuse (just my opinion). Not to mention, these burn posts could quite easily fall into the "spam" category.
I wrote a post about these a few weeks ago: Burning the Evidence
Good and valid point. Give me till day 7 of these posts and I'll change it over to a 100% burn to null and make note of it on the post.
https://leofinance.io/@null/wallet - here .
Posted Using LeoFinance Beta
Thank you amr008