hello to everyone,

One more month has ended. It's time to burn HE tokens.

token.burn was created by me (@imfarhad) on February 13th 2025. The account is solely to accumulate and burn different HE tokens. For now, LEO, BBHO and BEE tokens are sold in the market and the proceeds are used to buy different HE tokens and burned.

The idea is that, anyone can add @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.

End of the month, the accumulated tokens are burned. This way more than one community token can take advantage of the burn.

If everyone pitches in, this can help in impacting the token.

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

HBD recieved in May was converted to Hive and used to buy CTP tokens. Last few days, i have been playing with the buy price and been somewhat successful in buying CTP. All the CTP purchased will get burned.

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

Today is the fourth burn event, Part of the LEO, BEE and BBHO tokens were sold in the market. The Swap hive was used to purchase CTP tokens.
Last burn, ALIVE tokens were purchased. This month, CTP tokens were purchased.
More than one token can be targeted. The beneficiaries can also play a part on what tokens should be purchased.

(imfarhad) I 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)

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

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

Burn stats:

This surely looks very tiny burn, as i am the sole contributer. But imagine if everyone in a community contributes, what impact it will have.

I think communites like @ctptalk,@aliveandsocial, @wearealive, @proofofbrainio, @pimptoken, @sportstalk, @risingstargame can benefit from this.

The members within the communities contribute.

Please have a look and provide feedback.

Thank you

Farhad
(token.burn)

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

Posted Using INLEO