Hey guys! This is @cryptoeater starting a new experiment here. As you can tell by the name, the main goal of this account is to burn beta cards!
How This Will Work
- 100% of post rewards on this account will set @likwid
- The easiest way for you to contribute is by upvoting posts from this account!
- You can also help by setting this account as beneficiary or donating liquid funds
- For a limited time I will be matching 10% of donations, details at the bottom of this post
- 100% of Hive and HBD will be used to buy cards near DEC burn value and burn
- 100% of DECs gained from burning will be "recycled" and used to buy more cards from market to burn
- I reserve the right to choose which cards to buy and burn
- This includes occasionally buying cards that are NOT near DEC burn rate, for example a cheap summoner card. All cards burnt will be recorded in our semi-regular reports
- I will never buy my own cards (from any of my accounts) from market, if someone suspects and has reasonable proof I did I am willing to donate 10x the value of whatever card I bought to this fund
- In an effort to support @peakmonsters, all DEC purchases will be made via their marketplace
- Since they do not yet accept Hive/HBD/Credit payments
Why Burn Beta Cards?
- As the game progresses more and more, I feel like older editions are starting to become a little neglected by the power creep (new cards slowly becoming more powerful)
- I originally thought I'd burn alpha cards, but since alpha can be converted to beta, I decided burning beta might benefit more investors, albeit at a lesser extent since the pool of cards is higher
- The purpose of this experiment is purely to try and increase the value of alpha and beta cards
- If you think this might be harmful for the game overall, please leave your thoughts in the comments and if the community is overwhelmingly against this idea, I will discontinue this experiment
Reporting and Logistics
- I plan on making somewhat regular reports regarding the progress of the burns. I am quite busy with part time work and full time university so I can't guarantee I'll be able to make regular updates, but I will try my best to make them as regular as possible. I will aim for approximately once per 5 days for now.
- I will buy and burn whenever I have time, that means it will NOT be regular BUT I will adhere by all guidelines in the "How This Will Work" section.
- Below is an example of how the reports will be formatted:
Summary
This will always be posted on every update
- The total DEC value burnt refers to the burn value of all cards burnt
- The total $ value burnt refers to the market prices of all cards burnt (at the time of burning)
Details
Note: the details will not always be uploaded, maybe once every 3rd or 4th report
How You Can Help!
If you feel like helping this experiment, you could:
- Set beta-burner as the beneficiary for your posts (I will power down the Hive)
- Donate liquid Hive or HBD into this fund (for a limited time, I will match 10% of all donations up to a total of 1000 HIVE donated by the public)
- I just donated around 10 HIVE myself, which is why there are already some cards which are burnt
- Follow and upvote this account
Comment Section
- Please leave your feedback in the comments section below!
- Since this is just a new experiment, I'd be very interested to hear the community's thoughts
PS please suggest some tags to use, it's been months since I last posted and I have no idea what tags to use anymore LOL
Are you going to make a daily post? @steemmonsters account should dedicate one full upvote for this everyday.
I wasn't planning on making a daily post since I just don't have the time at the moment. However, as this project matures if there is enough community support, I might expand the program to many editions and I might then maybe I'll give the posting key out to some other users who can help me make these daily posts :)
As for @steemmonsters upvotes, I think they have some guidelines so I'll try follow those in the next post and get some votes before I discuss any daily or weekly upvotes from them :)
Thanks for your support though!
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Great idea @cryptoeater... I love the concept... You are a creative guy!!!