Hello Hives,
We believe you might know the UPME token and its Burn-To-Vote feature, which can grant you an upvote (not guaranteed) and burn UPME tokens, or refund them if the vote fails. (Please read here to learn more).
Today, we are excited to announce that we have made changes to the comment notification feature for successful UPME token votes. Now, we automatically generate a daily post under the @upme.daily account, and all the details of successful votes will be commented under that post.
Now, you can find UPME token market and supply details in this automated post. Additionally, you will also find information about the UPME token's minting rate for the last day and the feed price.
Source (UPME Daily Post - 2023.06.06)
Additionally, please take a look at the UPME Burned Supply, which stands at 151,118.62
Please refer to the image below, which displays the previous day's (UPME Daily Post - 2023.06.05) UPME Burned Supply: 150,877.72
Let's do the calculation.
Source (UPME Daily Post - 2023.06.05)
If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.
We believe you might know the UPME token and its Burn-To-Vote feature, which can grant you an upvote (not guaranteed) and burn UPME tokens, or refund them if the vote fails. (Please read here to learn more).
Today, we are excited to announce that we have made changes to the comment notification feature for successful UPME token votes. Now, we automatically generate a daily post under the @upme.daily account, and all the details of successful votes will be commented under that post.
Now, you can find UPME token market and supply details in this automated post. Additionally, you will also find information about the UPME token's minting rate for the last day and the feed price.
Source (UPME Daily Post - 2023.06.06)
How UPME Burns More Tokens Than It Mints?
Please refer to the above chart (UPME Daily Post - 2023.06.06). You will find the mint details for UPME tokens on the last day: 95.752Additionally, please take a look at the UPME Burned Supply, which stands at 151,118.62
Please refer to the image below, which displays the previous day's (UPME Daily Post - 2023.06.05) UPME Burned Supply: 150,877.72
Let's do the calculation.
UPME Burn Supply (2023.06.06) : 151,118.62
UPME Burn Supply (2023.06.05) : 150,877.72
Burned Supply of The Day : 240.9 Tokens
Token Mint Rate of The Day : 95.752 Tokens
Additional Burned Token Amount : (240.9 - 95.752) = 145.148 Tokens
Source (UPME Daily Post - 2023.06.05)
The Price Feeder
The UPME token's price feeder is currently implementing a weekly reduction of the mint rate by 7% via increasing the artificial price feed of the UPME token. This adjustment has the potential to impact the token's demand, and we anticipate that it could also contribute to a surge in the token's price.USWAP Revenue-based Token Buy Back
We have recently implemented a new process to buy back UPME tokens using a percentage of the weekly revenue generated through uswap.app. Specifically, 10% of the weekly revenue will be allocated towards the buyback of UPME tokens.If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.
"Delegate @hiveupme Curation Project To Earn 95% Delegation Rewards, 15% APR Worth UPME Tokens, Mentor Votes & WINEX Token Rewards"
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