90'000 LEN tokens burnt!
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This week in the Liotes News:
- 90'000 LEN tokens have been burnt!
Please consider voting for the Liotes HIVE Witness
Liotes
A project run by @ph1102 and @achim03
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1.59693229 BEE
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This week in the Liotes News:
A project run by @ph1102 and @achim03
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Even though I know it is most likely good to be burning tokens, I still feel a bit of uneasiness at "money" being literally burnt away. :)
A lot of people have difficulties to grasp the usefulness of burning tokens. A token should be looked at like a product. If a product is inundating the market, the price will go down. It's the same with tokens. The more tokens out there, the lower the price will go. That's the big problem of most tokens. With liotes we counter this by burning a part of the supply and try to keep the supply in accord with the demand of the token. It only means that all the remaining tokens will take on value when we burn LEN.
@tipu curate
Upvoted š (Mana: 27/67) Liquid rewards.
Thanks for the curation!
My LEN tokens (of which I have only a small amount) just got more valuable! š¤
By burning LEN, we give value to all the remaining LEN tokens in circulation and we also increase the APR for staking LENM. This should encourage people to buy more LENM, which means more money in the liotes.fund, more in liotes.voter and better curation ;-)
Thanks for the update! LEN is doing well!
LEN is doing very well for quite some time now :-)
Thanks for the news.
!PIMP
You are welcome!
Wow, that is a huge amount. Good work there!
I believe it is good for the tokens to have such a burn rate.
Couldnāt agree more other wise inflation will kill it
Thanks for the update. I'm just converting 50% of LENs to LENM other 50% goes to the SH community. That's my procedure :)
Thank you for spreading the word about Liotes and distributing tokens to others!!!
We appreciate it!!!
I'm doing this all the time :)
For LEN tokens off the market! !BBH !WINE
Less tokens and more value for the remaining ones :-)
Whoa, that much LEN burnt already! Means our LEN holdings even small are becoming more valuableš
Exactly ;-)
This is pretty good news. LEN is getting better over time with all these burns.
The burns help to keep the supply of the token in an acceptable balance and avoid that inflation devaluates it
@liotes! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (4/100)