Hi, there! Welcome to this post. I hope that you are having a good time. I am also having the same, Alhamdulillah. In this post, I have covered the followings:
- ALIVE tokens burning
- Larry's hunting report
Burning Alive tokens
To reduce the liquid tokens from circulation, "burning the token" is one of the established features in the world of virtual currencies. It helps to increase the price of the tokens by creating scarcity. In the Alive tribe, we have the features enabled. Moreover, we even get rewards for burning our ALIVE tokens!
Every Tuesday, the draw takes place for the burning contest from the @alive.chat account. The details will be found in the account's post. The 4 winners get the rewards in $ALIVEM tokens. Do you know the price of a miner ALIVE token? It is 16.74 $HIVE!
If you want to take part in the weekly draw, you have to burn the token from the tribe's interface (https://www.wearealiveand.social/). Besides getting the tickets for the weekly draw (if you burn 5 tokens, you will get 5 tickets, and so on), the interesting fact is that you are actually promoting your posts on the tribe's website. You may get the upvotes from the curators looking after this project depending upon several factors. That means, you may get back the tokens you burnt for promoting your post :)
Happy Burning!
Hunting Larry
I found Larry on Listnerds. Here is the proof
It's all for now. If you have any concerns or suggestions, please let me know about those in the comment section.
Thanking you
Hafiz