hello to everyone,

The burn was scheduled on 15th September. A slight delay due to unforseen circumstances. Well, let's run another token burn cycle.
Just to be clear, burn means sending the HE tokens to null account.

Token.burn account was created by me (@imfarhad) on February 13th 2025. The account is solely to accumulate and burn different HE tokens. For now, LEO, BBH, BBHO and BEE tokens are sold in the market and then use to buy another HE tokens and burned / sent to null.

The idea for this account is that anyone can contribuute by adding @token.burn as beneficiary in their post and share part of their author rewards. After 7 days, when the post is paid, @token.burn will also recieve the tokens.

The accumulated tokens are burned once or twice every month. This way more than one community token can take advantage of the burn.
If everyone pitches in, this can help in impacting the token price.

HBD & liquid Hive earned is used to buy HE tokens and burn them.(send to null).

Hive Power is currently very small. Once it reaches 50 HP, it will be powered down and HE tokens will be purchased and burned.

Apart from the beneficiary earnings, the owner of CTP (@threesteps) sent some more Swap.hive to @token.burn account to buy CTP tokens from the market. Since then i have placed multiple buy orders to buy CTP from the market. It been a good run so far.

Since initiation, today is the tenth burn event, Sell orders have been placed for LEO, BEE and BBHO tokens in the market. The swap hive recieved will be used to purchase CTP tokens.

This month, i will continue to buy CTP tokens.

But, more than one token can also be purchased. The post owners who contribute can play a part in deciding on what tokens should be purchased and burned / send to null.

I (imfarhad) am 100% committed and will continue to set token.burn as 5% beneficiary on all my posts (Except for actifit posts as IOS app currently does not support)

Good news, @threesteps have also started adding token.burn as the beneficiary.

A small step to a bigger picture..

This is the account standing as of today (before burns):

Apart from LEO, BBH, BBHO and BEE, all the other liquid tokens will be burned
(selling LEO, BBHO and BEE is better than burning. I am open to suggestions)

Burn stats:

I think communites like @ctptalk,@aliveandsocial, @wearealive, @proofofbrainio, @pimptoken, @sportstalk, @risingstargame can benefit from this. when the members within the communities contribute.
Please have a look and provide feedback.

CTP tokens burned till date:

Thank you

Farhad
(token.burn)

Initial post: https://peakd.com/hive-150329/@imfarhad/a-different-approach-to-burn-efl

Posted Using INLEO