RS Burn Engine: Daily Report #34 We need help....
Greetings, Community! Report #34
Hello everyone, I am back with a new daily post. Yesterday was a rough day, so I apologize for my yesterday post.
Since We have to sell Hive for Starbits every day, We are getting closer to the daily Starbits price. Sadly in the last few days, the price has dropped significantly, and I dont think Our efforts are enough to keep it stable.
Once We start thinking in numbers and even with the whole community help, We are buying around $1.50 - $2.00 worth of Starbits daily, which is around 2 million Starbits. Since I dont know how to see how many Starbits are generated daily, it is hard to know how far We are from reaching a stable price.
If you have any ideas on how We can reach other communities, please let me know in the comments. We will be here with our daily posts, but every little bit of help counts.
Today, I'm just sharing some thoughts about this project and the impact We have on the game economic health.
Nothing else to say, so I will leave you with today's report.
The On-Chain Report (Post 34)
Here is the breakdown of today payouts.
Post #34 Transactions:
1. Rewards Received:
2. HBD to SWAP.HIVE:
3. SWAP.HIVE to STARBITS (SB):
How Does The Engine Work?
- Publication & Support: Every day, this account will publish a transparent progress report. The community supports it with their votes.
- Fundraising & Purchase: 100% of the liquid post rewards (HBD) will be used to buy STARBITS directly from the market.
- Executing the Burn: Our new method is to use the STARBITS to open card packs and then burn 100% of the NFTs received.
- Verifiable Burn: All resulting NFTs will be sent to the @rsgraveyard2 account. This action is irreversible and permanently reduces the total NFT supply.
Join Us and Be the Fuel for this Engine!
This project only makes sense with community participation. Your support generates the rewards we use to power the burn.
- ⛽️ Follow the @rs-burn-engine account to never miss a report.
- 👍 Vote on this post. Remember, this one is worth double!
- 🔁 Reblog this post so our proposal can reach every corner of the community.
- 💬 Comment with your ideas, your feedback on our new strategy, and your support.
Thank you again for your trust. The engine is running, and with your help, we're make it more powerful.
Please, support today's post to build up a strong fund for next week's burn!
Thanks for everything you're doing, man! It is definitely helping.
I could possibly start a yonfire3 or something similar. Only concern is most of the HIVE reward comes from the Rising Star Curation Trail vote and I'm not sure how many upvotes it can give a day. If there is room for more upvotes, maybe we could leave a comment under our posts and that'd be something that can get a second upvote each day and bring in more HIVE to the projects? This way it won't spam the community with posts but we'll still get an extra upvote reward.
I think we've burned around the same number of bits so far (64M) and if I put that amount into the SB beeswap exchange it estimates that the price would go from .00000234 to .00000224, and it drops down to .00000215 if I double it to 128M. So I think that's roughly where the SB price would be without our 2 projects. If we never bought the 128M SB.
My guess is that there are lots of people selling everything right now because HIVE is going up and they want as much HIVE as they can get. Once HIVE stabilizes then hopefully they'll buy back their bits or at least stop selling SB so rapidly and then the SB price can climb back up.
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