hello to everyone,

April month has ended. It's time to burn HE tokens.

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

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.

End of the month, the accumulated tokens are 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 is used to buy HE tokens and burn them too (send to null).

Hive account@token.burn recieved 0.518 HBD in April. HBD will be converted to Hive this week and used it to buy either Alive or CTP tokens.

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

Today is the third burn event, LEO, BEE and BBHO tokens were sold in the market. The Swap hive was used to purchase Alive tokens.

(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 (before burns):

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

Burn stats:

This surely 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@aliveandsocial, Hive account@wearealive, Hive account@proofofbrainio, Hive account@pimptoken, 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