hello to everyone,

15 days ago, token.burn was created by me (Hive account@imfarhad). The account is solely to accumulate and burn HE tokens.

The idea is that, anyone can add Hive account@token.burn as beneficiary in their post and share part of their author rewards.
After 7 days, when the post is paid, Hive account@token.burn will also recieve the tokens.

Once in a week/month, the accumulated tokens will be burned. 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 will also be used to buy HE tokens and burn them too (send to null).

It's been 15 days since the account was created. Today is the first burn, not all tokens will be burned today,

(imfarhad) I 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)

This is the account standing as of today:

Apart from LEO, BBHO and BEE, all the liquid tokens will be burned.
(i plan to sell them later, instead of burning them)

Burn stats:

This looks very small as i am the sole contributer. But imagine if everyone in a community contributes, what impact it will have.

I think communites like Hive account@ctptalk,Hive account@wearealive Hive account@proofofbrain, Hive account@sportstalk, Hive account@risingstargame can benefit from this.

The members within the communities contribute.

Please have a look and provide feedback.

Thank you

Farhad
(token.burn)

Initial post: @imfarhad/a-different-approach-to-burn-efl