This is how you burn ♨

Check out https://www.sportstalksocial.com/sportstalk/@sportstalksocial/burn-to-earn-new-way-to-earn-sports-for-burning

sparkesy43 (59) · 5 years ago

Unfortunately burning such a large quantity in one hit, is actually detrimental to everyone else that had burned SPORTS within that time period.

https://steemit.com/sportstalk/@sports.stats/sports-burn-stats-20th-1-2020

for some insight as to why

qam2112 (63) · 5 years ago

I have tried understanding the post and kind of get it. However if they stopped that initiative and backed this they would burn possibly 3/4 times more. Essentially the objective should be to burn as many as possible. Few of the top earners will make more than that in a day so there will never be a true reduction. Also what do you get as a rewards? Is it sports or steem? Was unsure at that point. Also would there be a way in which @ufmlotto could set beneficiary or something to not affect that or in fact increase it?
Sorry multiple questions👍

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sparkesy43 (59) · 5 years ago

As I understand it, there is a "budget" of around 144K SPORTS tokens daily which are distributed among everyone who burns SPORTS based on your % of total burned for that day. When the initiative launched, there was very little being burned (and even now it is often less than 144K).

Whilst it's desirable to burn more SPORTS to maintain the value of the remaining tokens in the market, most people require an incentive of some sort to do so in order to break through the HODL and FOMO mindsets.

I'm not 100% sure who is controlling the burn to earn initiative, but it could be worth @ufmlotto reaching out to @sportstalk or @wehmoen to see if they could put some kind of rule in play which doesn't count burns from the lotto either when calculating the distribution of their rewards.

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qam2112 (63) · 5 years ago

Totally understand and we wouldn't want to affect that. Before we initiated the sports token as a payment entry I did ask @patrickulrich via sports discord and didn't get a response or reply.
1/ he didn't see it
2/ ignored it
3/ not bothered
Not sure which one of the above.
Also I have found the owners of the tribes don't want to work with others as it's not in there benefit( which ufmlotto clearly is) and they feel like they will loose 'customers' which is essentially what me and you are. We post and buy tokens.
If I was a tribe owner I would be helping this as much as possible as it obviously works above any other form of token burning.
If you could reach out to someone in regards to this we would happily implement the changes.
If it's still a problem we can easily remove the sports and includes a different tribe token as we have 3 others waiting.

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sparkesy43 (59) · 5 years ago

I did flag it in the Sports discord earlier, and @talesfrmthecrypt has asked a couple of questions (as it will directly impact the success of his current Big Bash Tournament contest).

Hopefully there's something that can be worked out as I believe most of the tribes can be complementary to one another. I think most Tribe users are active across more than one.

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qam2112 (63) · 5 years ago (edited)

Patrick has been in touch I didn't realise his been away. So will have a chat with him and see if we can get this working correctly. Obviously we want this to be a positive and not negative in any way 👍

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dustsweeper (49) · 5 years ago

Your balance is below $0.3. Your account is running low and should be replenished. You have roughly 10 more @dustsweeper votes. Check out the Dustsweeper FAQ here: https://steemit.com/dustsweeper/@dustsweeper/dustsweeper-faq

shitsignals (63) · 5 years ago

Won 4 untamed packs for 120000 sports tokens and many other coins.
!trdo

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qam2112 (63) · 5 years ago

Yeah had 5 steemp and 0.1 steemp as well as a lot of other stuff. Did have a uber lucky run but since I have been playing it I have not been in negative overall because of the way it's set up. Usually I do 50 tickets at a time that's my lil trick but dont tell noone 😜

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trendotoken (59) · 5 years ago

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ironshield (69) · 5 years ago

So transfer 500 sports to @ufmlotto for one ticket each?

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qam2112 (63) · 5 years ago

Yeah correct blocks of 500. Eg. 10000 for 20 tickets. Then head over to ufm discord and you can view the results as they come out. Good luck.

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pundito (65) · 5 years ago

Quite an interesting reinvestment.
Much better than dumping the tokens on the market for sure!!!

Thanks for sharing and

STEEM ON!!!

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qam2112 (63) · 5 years ago

Yeah kinda just stumbled across it then kinda got addicted. They accept ufm/neo/Sports and are planning on introducing more tokens. Prizes and amazing and odds. The burn is probably the best feature for sure 👍
Have a look at ufm circulation and burn it's amazing

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steemitboard (66) · 5 years ago

Congratulations @qam2112! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 800 replies. Your next target is to reach 900 replies.

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