GentBG x PUSSTEEM - burning both STEEM and PUSS

Image
by joviansummer original STEEMIT post: https://steemit.com/blog/@joviansummer/gentbg-x-pussteem-burning-both-steem-and-puss Hello, this is @joviansummer(witness: @jswit), developer of GentBG project. I registered @gentbg account to PUSSTEEM about a week ago and donated some of my own PUSS token to @gentbg's EPUSS account. Now, @gentbg will burn STEEM and EPUSS at the same time. PUSSTEEM's boosting upvotes will help increasing baseline burning significantly. @gentbg's SP reward is delegate to @jsup to get automated upvotes, forming a baseline burning of liquid reward independent of other people's upvotes. Some may argue 100%(both liquid and SP reward) burning is much better, but I chose this approach to prevent @gentbg from becoming a spamming account. Constantly asking for upvotes via mentioning and commenting every week may eventually become a big annoyance to curators. That being said, anyone is welcome to participate in countering STEEM inflation by giving upvotes ...

GentBG - why bother to burn STEEM?

by joviansummer
original STEEMIT post: https://steemit.com/blog/@joviansummer/gentbg-why-bother-to-burn-steem


GentBG - a new experiment to burn STEEM

Hello, this is @joviansummer(witness: @jswit). I'd like to briefly explain why I bothered to start @gentbg experiment.

Unlike bitcoin, STEEM has no supply limit. As long as STEEM exists, newly minted STEEM will be added to total supply. If we can't maintain corresponding demand or reduce supply, downward pressure on STEEM price can be a big challenge.

@gentbg project is an experiment to reduce STEEM supply by burning. @gentbg will burn liquid author reward and delegate SP reward to @jsup to get amplified upvotes. The main purpose is to create a perpetual STEEM burning loop.

I added a bit of fun factor via AI-generated images, to incentivize giving upvotes to @gentbg's posts.

If you have some spare voting power, you can contribute to burning STEEM by giving upvotes to @gentbg's posts. Initial run of this experiment will last for 2 months.

Thank you for reading, and have a wonderful day!


@joviansummer's STEEM projects

@jswit witness:
I'm running a STEEM witness node. I'd really appreciate it if you vote for my witness account @jswit. (https://steemitwallet.com/~witnesses)
[ENG] Introducing @jswit witness project

@jsup curation:
[ENG] Introduction to @jsup curation project
[ENG] Using @jsup curation project as an auto-voting agent
[ENG] jsup 2.0 - make your upvote great again

Steemit-Search:
Steemit-Search: a simple website for post searching

jSTEEM:
jSTEEM project - STEEM blockchain explorer on Telegram messenger

gentbg

Comments

Popular posts from this blog

스티미언의 영향력 지수 계산

jsup/avle code update - you don't have to write post everyday

jsup/avle 보팅 코드 갱신 - 1일1포스팅 강박에서 벗어나기