This is the LOTUScoin Burn Report for naturalmedicine.io
The various indigenous peoples of Australia knew that in order to maintain the fertility of the Australian Bush, regularly burn-offs needed to occur.
So too with LOTUS.
In order to maintain and increase the value of LOTUS for its stakeholders, the Natural Medicine community will regularly burn LOTUS on a monthly basis. This is done by tallying the various amounts, and issuing the total amount to @null by the issuing account @lotuscoin.
The amount to be burned is derived from the following sources:
- Curation & Author rewards from the @naturalmedicine and @uplotus accounts.
- Personalised account badges
- Post promotion on naturalmedicine.io
- Contests and competitions
- Other miscellaneous reasons
As of this date, the following burn-offs have occurred:
| Type | Amount |
|---|---|
| Rewards (curation) | 1573.06048 |
| Post-promotion | 2600 |
| Contests | 120 |
| Other | 900 |
| Total | 5193.060484 |
All rewards from this post (STEEM & LOTUS) will also be sent to @null as a beneficiary.