Burn Break Activated
The reward pool linked to the diesel pool LEN:LENM is running out in 50 days. This means that there are about 7 weeks to go until we have to replenish it. We have been collecting CTPSB and swap.btc for quite some time but we want to top it up with LEN tokens. To do that, we won't print fresh tokens out of thin air, we will add tokens that were supposed to be burned. This allows us to organically top up this reward pool. We have done the same the previous years. Since we will add these tokens to the reward pool, they will be locked until distributed meaning that we take them away from the circulating supply.
How many tokens will be in the reward pool?
On average, we burn about 500 LEN tokens per week. This means that there should be close to 3500 LEN tokens collected for the next reward pool. This, in combination with the CTPSB and swap.btc collected, will make for an interesting return on providing liquidity to the LEN:LENM pool. The APR at the beginning of the new pool will probably be a bit lower than what we have now but as usually, thanks to the value gain of CTPSB within the reward pool, the APR will go up throughout the year.
What is coming ?
After last weeks Liotes News post, where we said that something is in the pipeline, we have got a lot of interest and things will be unveiled in the coming weeks. We are still building, fine-tuning and improving. That is the reason why we won't say much at the moment until every thing is more or less nailed. One thing we can say already is that this new project will be completing the existing project. We won't quit hive. On the contrary, this project should actually give more value to hive in the long run and also more value to our tokens. There might be a new token launch... so get ready ;-)
The numbers of this week
We had a moderate growth this week and as mentioned above, we initiated the burn break, meaning that there won't be any LEN tokens burnt until the next reward pool linked to LEN:LENM goes live.
Liotes
A project run by @ph1102 and @achim03
At the moment there are 171 LEN tokens in the prize pot for the Liotes Power Challenge 2026.
This is getting exciting!
!BBH
!ALIVE
Posted via HiveSuite
This is a good use of tokens that would otherwise vanish. :)
We are always ready !LOLZ
!BEER
interesting !!. Looking forward to the new project / new token lauch.
!BBH
!ALIVE
!HEARTBEAT
!PIZZA
Looking forward to see what the new token will be like!
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