Summary:
Rewards from Yonfire #6 are here!
2,407,507 STARBITS burned today
18,533,529 STARBITS burned total
The first power down rewards come in tomorrow!
Rewards from Yonfire #6 are here!
HBD to HIVE
HIVE to SWAP.HIVE
SWAP.HIVE to STARBITS
STARBITS to risingstar2
2,407,507 STARBITS burned today
18,533,529 STARBITS burned total
Yonfire: A bonfire for Rising Star tokens
This account will make posts and use 100% of the HBD rewards to buy and burn Rising Star tokens in order to help boost the game economy. HP rewards will be saved for voting strength on Rising Star posts and the Curation Trail.
Inspired by what thehive and stickupboys have been doing, and some recent chat on the RS discord.
All HBD rewards received from this post (and all future posts) will be used to buy more Rising Star Tokens. The tokens will be bought from the exchange or Beeswap pool and sent to risingstar2 for reuse. This works effectively as a burn mechanic because risingstar2 can reissue these tokens to players instead of printing more.
HBD will be converted into HIVE - https://hivehub.dev/market/swap
HIVE will be converted into SWAP.HIVE https://beeswap.dcity.io/convert/
SWAP.HIVE will be converted into STARBITS https://beeswap.dcity.io/swap?input=SWAP.HIVE&output=STARBITS
STARBITS will be sent to risingstar2 from the hive-engine wallet
No specific plans at the moment to purchase NFT's or STARPRO but maybe at some point in the future if there is a demand for it. Not sure how long this will last as I am quite busy but this seems to have a positive impact in the community so I'd like to try my hand at it.
Thanks for reading!
(And thanks for any upvotes as they will help to burn more tokens!)
