hello to everyone,

The burn was initially scheduled for 30th September. A day's delay, yesterday internet was down for few hours.

Ok, let's run another token burn cycle.
Just to be clear, burn means sending the HE tokens to null account.

Token.burn account was created by me (@imfarhad) on February 13th 2025. The account is solely to accumulate and burn different HE tokens. For now, LEO, BBH, BBHO and BEE tokens are sold in the market and then use to buy another HE tokens and burned / sent to null.

The idea for this account is that anyone can contribute by adding @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.

The accumulated tokens are burned once or twice every month. This way more than one community token can take advantage of the burn.
If everyone pitches in, this can help in impacting the token price.

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

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

Apart from the beneficiary earnings, the owner of CTP (@threesteps) sends swap.hive to @token.burn account to buy CTP tokens from the market.
137471.473 CTP tokens are been purchased since last burn post. All pending CTP buy orders have been completed.

Since initiation, today is the eleventh burn event, Once the sell orders placed for LEO, BEE and BBHO tokens in the market are executed, the swap hive recieved will be used to purchase CTP tokens.

It's a new month, based on the available swap.hive balance, i will add few CTP token buy orders.

But, more than one token can also be purchased. The post owners who contribute can play a part in deciding on what tokens should be purchased and burned / send to null.

I (imfarhad) 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)

@threesteps has already started adding token.burn as the beneficiary.

A small step to a bigger picture..

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

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

Burn stats:

I think communites like @ctptalk,@aliveandsocial, @wearealive, @proofofbrainio, @pimptoken, @sportstalk, @risingstargame can benefit from this. when the members within the communities contribute.
Please have a look and provide feedback.

CTP tokens burned so far:

Thank you

Farhad
(token.burn)

Note: Token.burn account is 100% community account. @imfarhad runs this account for now without any benefits.

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

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