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RE: Buy & Burn System - TLNT token Update - The Talent Club

in The Talent Club4 years ago (edited)

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.

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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