Hivelist Delegation Rewards Restored- LIST Token Update

Hello Hivers! We are happy to report that our delegation payouts are back online! When you delegate to the @hivelist account, you are helping to build a community for e-commerce entrepreneurs who want to create and operate in an alternative, crypto based economy!

Our delegation rewards haven't been paying out in some time due to update issues with Hive Core and the notorious issues with Hive Engine, that have seemed to have been cleared up by the Hive-Engine witnesses!

We are happy to have this back in operation thanks to some help from our developer friend, @rishi556, to reward the fine people that help support our little project with their precious Hive Power!

Screenshot 2023-12-11 at 11.41.34 AM.png

Those who delegate Hive Power to the @hivelist account will receive .05 LIST per HP they have delegated to us as staked LIST! So when you delegate, your LIST tokens will be automatically staked so you can then earn more LIST tokens!

LIST Burning

On our Hivelist Classified platform, you can promote your post using the LIST token. This action burns the LIST tokens you use to promote the post, taking them out of circulation!

The process looks like this...

Go to the post you want to promote, yours or any other post, and go to the bottom of the post to the 3 dots in the area where you vote, and click Promote.

Screenshot 2023-12-11 at 11.52.13 AM.png

Once you click that, then you will see a popup with the URL of the post and an input box asking how many LIST tokens you want to burn to promote the post.

Screenshot 2023-12-11 at 11.53.39 AM.png

Then once you promote it, give the blockchain and nodes a bit of time to process it and you will see the Promoted tag on your post on Hivelist like so:

Screenshot 2023-12-11 at 11.50.56 AM.png

Current BURNED LIST Count and Token Circulation

When tokens are burned, they are sent to the @null account which is the burn account for all Hive-Engine tokens. Currently there are a total of 4,209,652.8499279 LIST tokens that have been taken out of circulation! This makes the LIST token a deflationary token!

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LIST Token Count Update

Just for reference, the @hivelist.token account is the account that distributes the rewards for both the proof of brain and staking distribution. In the beginning, honestly didn't know what we were doing and ended up issuing all of the supply of LIST tokens to this account and is what we used to set up the rewards pool. So that is the amount of the token supply that has yet to be issued as rewards. This means that the figure you see on Tribaldex isn't completely accurate.

With a total of 500,000,000 LIST tokens created minus the tokens that are in both the null account and the @hivelist.token account, you get the amount of tokens that are currently in the wallets of Hivelist investors and users.

Total LIST tokens: 500,000,000

Total in Rewards Pool: 489,721,173.18168938

Total Burned LIST: 4,209,652.8499279

In circulation (Liquid, staked, or in the markets): 6,069,173.96838272

We hope that you find value in our little e-commerce home for the Hive blockchain and maybe you will get some inspiration from others on a venture you can start to help us build an alternative economy via crypto payments!

Keep calm and Hive on!

https://hivelist.io - main info site
https://hivelist.org - blockchain classifieds/NFTs/DEFI Pool
https://hivelist.store - multi-vendor e-commerce retail store and professional services marketplace

If you like our work, please support our developer by voting for @thelogicaldude on Tribaldex with your WORKERBEE power!

Hivelist Delegation Rewards Restored- LIST Token Update | Ecency