I found out about an estimate in @jongolson in his post with Brofund. I think they mentioned it was like 200,000 HIVE or so a day. I would have to re-watch the podcast to know for sure.
There are plenty of people burning crypto in HIVE. You can set the rewards to null and it would burn the HIVE you gain from posts. LeoFinance also burns 10% of the tokens you get if you don't post from this front-end. Also LeoFinance uses its ad money to buy coins off the market and burn them. This essentially decreases the supply of the coin.
Ah yes I agree with you about that. I burn the SPORTS only because I want my post to be more visible.
All projects must work on having more usecases rather than burning everything.. burning helps a bit but the most important part is usecase according to me.
I found out about an estimate in @jongolson in his post with Brofund. I think they mentioned it was like 200,000 HIVE or so a day. I would have to re-watch the podcast to know for sure.
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I don't think people are burning hive... the only one burning coins is Marky with his stemgeeks project.
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There are plenty of people burning crypto in HIVE. You can set the rewards to null and it would burn the HIVE you gain from posts. LeoFinance also burns 10% of the tokens you get if you don't post from this front-end. Also LeoFinance uses its ad money to buy coins off the market and burn them. This essentially decreases the supply of the coin.
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I personally burn SPORTS to promote my posts . I can pull the data actually to see how much tokens are getting burned on Hive.
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Burns are overrated. When will people realize that?
Projects that burn tokens tend to do so in lieu of growing. If they were running a business that way, they would be out of business quickly.
Yet they do it in crypto and wonder why they are not getting anywhere.
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Ah yes I agree with you about that. I burn the SPORTS only because I want my post to be more visible.
All projects must work on having more usecases rather than burning everything.. burning helps a bit but the most important part is usecase according to me.
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Burning is simply manipulation and omits basic business building. We saw too much of that on Hive and it is repeatedly shown to be a failure.
In the end, Leo is taking off because it is getting more users, more activity, and the numbers are improving every month.
The inflation rate of LEO is still high but the growth rate is even larger. With Projectblank, this will only grow even more.
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