TLDR:
1,268,040 STARBITS were sent to risingstar2 using rewards from the yonfire #2 post
The HP has begun powering down
As stated in Yonfire #3 this will be the last post that powers down its HP for some time.
Future HP rewards from yonfire #3 onwards will be saved to increase vote strength of this account which will increase rewards on other Rising Star posts.
The HP can still be powered down later on and used to purchase tokens if that is desired by the community.
Full Version:
Rewards from yonfire #2 are here!
0.850 HBD and 4.428 HP
Swapping the HBD to HIVE
Converting the HIVE to SWAP.HIVE
Swapping the SWAP.HIVE for STARBITS
Sending STARBITS to risingstar2
1,268,040 STARBITS successfully bought from market and sent to risingstar2
Now to power down the HP.
With the HP from yonfire #1 and #2 together it's now 11.047 HP
As stated in Yonfire #3 this will be the last post that powers down its HP for some time.
Future HP will be saved to increase vote strength of this account which will increase rewards on other Rising Star posts.
The HP can still be powered down later on and used to purchase tokens if desired by the community.
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!)
