You can check our Way of Rewards Distribution and Token Introduction articles to know more about our TLNT token.
We guess we're bringing very good news to TLNT token holders, since we're implementing, retroactively and henceforth, a token burning system. We call it Buy & Burn since, whenever you're buying any amount of our token, we're burning that exact amount, sending the tokens to @null account. This simple procces will have a high impact on our token holders, since we distribute monthly club's curation rewards depending on the total circulation supply percentage of the token you're holding a month. This implies that, every time someone buys the token and we burn tokens in turn, the total circulation supply will decrease, so the holding percentage of every of our token holders will increase, earning more without even having to buy more tokens for that. This also implies that, the minimum total circulation supply holding of 1% initially set by the club to be eligible to start earning rewards, will lower from 10,000 TLNT this year to a lower amount, depending on token's purchases and burning during all the months of that concrete year. So, very much in line with the club's work line and its vision, the purchase of tokens of a few will benefit the whole holders. Note 1: The exact amount of tokens we're going to burn this month, retroactively, it's 346,931.795 TLNT, wich will lower the minimum to be elegible to start earning rewards from 10,000 TLNT to 6,530 TLNT, for this concrete month, amount that will keep decreasing during this year, as more people buy our token and more tokens are burned. Note 2: Point out that those purchases that will lead to the burning of tokens by the club, will be those purchases that are made of the tokens that the club puts directly for sale in the market and not those purchases that are carried out between two users individuals and at prices other than those set by the club for the token during that year. Note 3: We consider that the price at which the tokens are put actually on sale is a very competitive price and that, although in principle the club has set an annual increase in the price of the token of +25%, by releasing 1M tokens for sale every year, it's possible that this changes over time, due either to the high demand for our token, the growth of the club and therefore the rewards it delivers and ultimately, if the Executive Board of the club deems it appropriate, wich thing will lead to an higher annual price set for a concrete year. All these conditions regarding the token, its technical data, its benefits, etc., may be subject to change under a unanimous vote in favor of the Executive Board of the club.
If you have any doubt don't hesitate to ask us about. Visit us on our Discord server!
I am confused or I missed a lot. Was using Talentclub tag a lot on Steemit and thought this is dead - have some thousand token on steem-engine still - assume these tokens on S-E are useless nowadays?
Hi there! Yes, we know about that mislead, caused about setting up the exact same name for a totally different token.
You can check all the info related reading Way of Rewards Distribution (check "Note" part, that redirects to Our Statement Due to Confussion) and Token Introduction articles.
The main thing is, besides this token has a totally different tokenomics than Steemit's tribe token, this Hive token has attached club's curation rewards if you directly purchase it in the market and there is absolute no other way of getting this TLNT Hive tokens than that way, unless Steemit's that had many ways of earning it for free.
Since Steemit's TLNT token was free airdropped, earned if the club upvoted on you, earned just by staking it through time and Steemit's didn't had any curation's reward attached (you can check also our Steemit's token introduction to check its tokenomics), we can't compensate Steemit's tribe token balances because are two totally different systems implemented for two totally different tokens.
We apologize for the inconveniences, in any case.
Also to note that The Talent Club is officially out of work on Steemit platform and that any of Steemit's token is not being put on sale by the club in the market.
We should consider delisting it or something, because staked balances of people keep growing, etc..
ok guys, understood - thanks for the heads up
To be entirely honest and transparent with everyone, we are still thinking about giving some amount of this new HIVE tokens, at some ratio, for those about who we're sure they bought certain amount of Steemit's tribe token to the club, years ago, regardless of the total amount they have today, generated or accumulated due to the alternative and free ways to obtain that token.
For that we would have to check all these years' transactions to mark those initial and true buyers and compensate them at some ratio, yet to establish.
We don't dismiss this idea, actually, since we see it as the fairer solution for both sides.
We'll keep you all updated about that when we finally reach a consensus and after checking if all the info we need to carry on that it's fully available on Steem Engine's chain.
Thanks again for your interest and have a nice day.
I have 47 million Steemit TLNT tokens much of which I paid for. I certainly hope that you do the right thing and compensate us like all of the other tokens that have switched over to hive.
Hi there.
We'll only take into account to compensate, in any case, those tokebs directly bought to the club, when the club still put tokens for sale on market, all this before the transition to HIVE. Not private purchases between particular indviduals.
That clear, If you're among those guys who bought tokens directly to the club, you don't have to worry, as you'll be compensated at some ratio by that purchase, regardless of your actual total balance, due to the many ways of getting more of that token for free (for example, staked balances keep growing through time), thing that doesn't happen with Hive's token wich only way of getting it has been and will always be the direct purchase, and it has no tribe associated, no staking rewards enabled, neither you get it through club upvoting on you.
We're working on that, actually, but the thing is a bit complex to determine.
Have a nice day.
After looking trough more than 6,000 market transactions we found some valid purchases from you to us. As we said before, we don't mind about your total balance because it could grow for free through various ways, neither if you purchased tokens to a cousin or an uncle of yours; we're only compensating these real examples of yours:
Those all green boxes are everything we found valid to compensate in your case. If you found anything more that we could have miss, let us know.
You final amount to be compensated amounts to 310,141 Steemit's TLNT bought at @0.00019 STEEM wich at 1:0.0019 conversion ratio will grant you 589.26 Hive's TLNT.
We're sending you the tokens right now.Hi there @edkarnie
Sent!
¡Felicitaciones!
Es un trabajo de gestión estupendo.
Thanks, Adriana!
We're trying to improve, day by day, the full experience of belonging to this club or betting on its future and success, rewarding more and better!
And have a !PIZZA :DWOW, Great to hear!!! I am going ot pick up 10K more tokens soon!!! :D Keep rocking @talentclub !!
Gee! Looks like we actually got a happy holder here! Heh, heh! 😝
$PIZZA@talentclub! I sent you a slice of on behalf of @jacuzzi.
Learn more about $PIZZA Token at hive.pizza