create account

🔥 Lets Burn Some SPT Tokens Week Two by rentmoney

View this thread on: hive.blogpeakd.comecency.com
· @rentmoney ·
$5.24
🔥 Lets Burn Some SPT Tokens Week Two
<b>Welcome to our second week of the ongoing SPT burn. Our first weekly burn didn't generate as much upvotes / SPT rewards as I expected but we did manage to reach a respectable 1387 in total SPT rewards. This means the curators of the topic earned  694* SPT and the rest, 694* SPT (The authors share) will be sent to be BURNED!

We will continue with the *weekly burn topic for as long as SPT stake holders show support for the initiative. Total SPT burned before we started this initiative was just 4,303 SPT. Current total SPT burned is 5031.39.

I initially decided to send the burn tokens to @null but then it hit me that using the burn tokens to advertise this post via the Promotion option would be a better way to burn the SPT tokens. Burning them this way will give more exposure to our weekly  topic. 

SPT stake holders and content creators may not like seeing the weekly burn post at the top of the promotion page every week so I might alternate between sending directly to @null and using the Promote option as a burn mechanism. For now we will play it by ear. If SPT stake holders want me to stop burning via Promote option, I will. Sound off with your opinions in the comment section.</b>

___________
<center>Original Burn Topic Post Below</center>

----------------

<b>Recently we went over SPT and some ways we can make the  SPT token more valuable. We had allot of great suggestions that fell under the below categories,

(1) In game use cases
(2) Use cases token holders could implement
(3) Burn suggestion

To read these suggestions in detail [Click --> SPT & Use Cases!](https://hive.blog/spt/@rentmoney/lets-talk-about-splintertalk-spt-and-use-cases).

Only the devs can give SPT an in game use case. All we can do as a group of Splintertalk (SPT) users is keep suggesting that they do so. Hopefully if enough SPT holders consistantly speak up we might get one sooner rather than later. Until that day comes there's still the two other options listed above in which us Token holders can help implement. 

_Before we go over what this post is intended for I'm going to give a short description of both SPT and Splinterlands. Feel free to skip past it if this isn't your first SPT rodeo._ 

# What Is SplinterTalk?
Splintertalk is the social platform that was BUILT for Splinterlands players. For sharing Splinterlands content, you can earn rewards in the form of SPT tokens on the Splintertalk site! SPT tokens can be traded or staked to increase Splintertalk Power, which allows you to reward the content of others!

# What Is Splinterlands?
 [Splinterlands](https://steemmonsters.com/?ref=rentmoney) is a digital card game created by @aggroed and @yabapmatt. Tournaments in which giveaway prizes that have monetary value are being played daily. You can start playing or investing in [Splinterlands](https://steemmonsters.com/?ref=rentmoney) today by clicking [here](https://steemmonsters.com/?ref=rentmoney).
<br>

## <center>Lets Burn Some SPT Tokens (Weekly Burn)</center>
<center>
![SPT.png](https://images.hive.blog/DQmWhRdP4qULvQstT5e5nmkba557EKCD5yF8vkdBnSuj2e8/SPT.png)</center>
This post is going to focus on suggestion (3) Burn suggestion. If you read the topic [SPT & Use Cases!](https://hive.blog/spt/@rentmoney/lets-talk-about-splintertalk-spt-and-use-cases) you will notice in the comment section that the idea of a SPT burn post sprung to mind. Well friends this is that post. 

All the liquid SPT tokens this post generates will get burned. How do I intend on burning these SPT tokens? I will send all the liquid SPT tokens to @null. 



### What Do You Mean By Liquid SPT?
Liquid SPT is the authors share of the earned SPT rewards a post generates. This means you as curators will still earn your share of curation rewards when you upvote. I as the author of this topic will send my share  (the _Authors_ share) of  SPT earnings this post generates to be burned.

I'm not sure how well received this plan will be but if SPT holders show interest via upvoting/commenting I will make this a *weekly burn post. Currently out of the total supply of SPT tokens given out to date just 0.01% have been sent to be burned. I hope to dramatically increase that percentage.

<center>
![image.png](https://images.hive.blog/DQmY2G95KiQDej6jN46hXdXs2mDAN9qsTMst41yT5kXzmYJ/image.png)
</center>


# <center> SPT Burned To Date</center>
Week  |  BURNED SPT   |  
  ------------- |  ------------- | 
  [One](https://www.splintertalk.io/hive-13323/@rentmoney/lets-burn-some-spt-tokens-weekly-burn)|  693.856002
  [Two] | ??????? | 
Total SPT BURNED |693.856002



---

<center><sub>Posted via [proofofbrain.io](https://www.proofofbrain.io/@rentmoney/lets-burn-some-spt-tokens-week-two)</sub></center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 24 others
properties (23)
authorrentmoney
permlinklets-burn-some-spt-tokens-week-two
categoryhive-150329
json_metadata{"tags":["spt","splinterlands","game","games","leofinance","battle","neoxian","hivehustler","palnet","proofofbrain"],"users":["null","aggroed","yabapmatt"],"image":["https://images.hive.blog/DQmWhRdP4qULvQstT5e5nmkba557EKCD5yF8vkdBnSuj2e8/SPT.png"],"links":["https://hive.blog/spt/@rentmoney/lets-talk-about-splintertalk-spt-and-use-cases"],"app":"proofofbrain/0.1","format":"markdown","canonical_url":"https://www.proofofbrain.io/@rentmoney/lets-burn-some-spt-tokens-week-two"}
created2021-05-15 01:38:21
last_update2021-05-15 01:38:21
depth0
children16
last_payout2021-05-22 01:38:21
cashout_time1969-12-31 23:59:59
total_payout_value2.654 HBD
curator_payout_value2.589 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4,723
author_reputation327,300,923,374,612
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,712,895
net_rshares9,031,477,314,309
author_curate_reward""
vote details (88)
@beerlover ·
<div class='pull-right'>https://files.peakd.com/file/peakd-hive/beerlover/yiuU6bdf-beerlover20gives20BEER.gif<p><sup><a href='https://hive-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p>Hey @rentmoney, here is a little bit of <code>BEER</code> from @eii for you. Enjoy it!</p> <p>Learn how to <a href='https://peakd.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn <b>FREE BEER</b> each day </a> by staking your <code>BEER</code>.</p> </center><div></div>
properties (22)
authorbeerlover
permlinkre-rentmoney-lets-burn-some-spt-tokens-week-two-20210515t142426969z
categoryhive-150329
json_metadata{"app":"beerlover/2.0"}
created2021-05-15 14:24:27
last_update2021-05-15 14:24:27
depth1
children0
last_payout2021-05-22 14:24:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length516
author_reputation24,770,396,872,031
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,722,344
net_rshares0
@chuckrick ·
$0.02
I'm new, so just so I understand.  Burning SPT making it more valuable?



---

<center><sub>Posted via [proofofbrain.io](https://www.proofofbrain.io/@chuckrick/qt62i6)</sub></center>
👍  
properties (23)
authorchuckrick
permlinkqt62i6
categoryhive-150329
json_metadata{"tags":["proofofbrain"],"app":"proofofbrain/0.1","canonical_url":"https://www.proofofbrain.io/@chuckrick/qt62i6"}
created2021-05-15 21:03:42
last_update2021-05-15 21:03:42
depth1
children5
last_payout2021-05-22 21:03:42
cashout_time1969-12-31 23:59:59
total_payout_value0.012 HBD
curator_payout_value0.012 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length183
author_reputation460,652,386,846
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,728,640
net_rshares66,543,720,908
author_curate_reward""
vote details (1)
@rentmoney ·
For SPT and other HIVE related cryptocurrency burning it would mean sending it to the HIVE account @null. No-one has the keys/passwords for the @null account so anything sent to @null can't be recovered.

Burning  reduces the amount of the token in circulation. A general rule is the less of something there is, the more valuable it can become. Burning alone won't give a token value as tokens/coins usually need a use case if they are to sustain any USD value.
properties (22)
authorrentmoney
permlinkqt634i
categoryhive-150329
json_metadata{"users":["null"],"app":"hiveblog/0.1"}
created2021-05-15 21:17:06
last_update2021-05-15 21:17:06
depth2
children4
last_payout2021-05-22 21:17:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length461
author_reputation327,300,923,374,612
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,728,827
net_rshares0
@chuckrick ·
Thanks for the further explanation.



---

<center><sub>Posted via [proofofbrain.io](https://www.proofofbrain.io/@chuckrick/qt64t7)</sub></center>
properties (22)
authorchuckrick
permlinkqt64t7
categoryhive-150329
json_metadata{"tags":["proofofbrain"],"app":"proofofbrain/0.1","canonical_url":"https://www.proofofbrain.io/@chuckrick/qt64t7"}
created2021-05-15 21:53:33
last_update2021-05-15 21:53:33
depth3
children3
last_payout2021-05-22 21:53:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length147
author_reputation460,652,386,846
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,729,388
net_rshares0
@eii ·
!PIZZA
!BEER
properties (22)
authoreii
permlinkre-rentmoney-qt5jyz
categoryhive-150329
json_metadata{"tags":["hive-150329"],"app":"peakd/2021.04.6"}
created2021-05-15 14:23:24
last_update2021-05-15 14:23:24
depth1
children1
last_payout2021-05-22 14:23:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length12
author_reputation153,025,395,149,356
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,722,318
net_rshares0
@pizzabot ·
<div class='pull-right'><center><sup>Connect</sup></center><p><a href="https://discord.gg/Q9bQAKpWGS"><img src="https://files.peakd.com/file/peakd-hive/pizzabot/AKF96fKjnX3wjXERHcKAFHaoHnfTVhXqPjXVz8E1Th9nPiJqmFtaycosVpPBZ7z.png"></a></p></div><div class='pull-right'><center><sup>Trade</sup></center><p><a href='https://hive-engine.com/?p=market&t=PIZZA'><img src="https://files.peakd.com/file/peakd-hive/pizzabot/23sxbi2M4UjELDzQjxPdzubdgfMjHTCtA1xueyxmnhJUrB8136VyK3pqynyWYiZYF9HrC.png"></a></p></div><center><br> <p>@rentmoney! I sent you a slice of <strong><em>$PIZZA</em></strong> on behalf of @eii.</p> <p>Learn more about <strong><em>$PIZZA Token</em></strong> at <a href="https://hive.pizza">hive.pizza</a></p> </center><div></div>
properties (22)
authorpizzabot
permlinkre-re-rentmoney-qt5jyz-20210515t142427z
categoryhive-150329
json_metadata"{"app": "beem/0.24.19"}"
created2021-05-15 14:24:27
last_update2021-05-15 14:24:27
depth2
children0
last_payout2021-05-22 14:24:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length740
author_reputation6,158,205,626,770
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,722,343
net_rshares0
@holybread ·
Leaderboard Vote
Your current Rank (58) in the battle Arena of Holybread has granted you an Upvote of 43%
properties (22)
authorholybread
permlinkre-lets-burn-some-spt-tokens-week-two-20210515t014326z
categoryhive-150329
json_metadata"{"app": "beem/0.24.4"}"
created2021-05-15 01:43:27
last_update2021-05-15 01:43:27
depth1
children1
last_payout2021-05-22 01:43:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length88
author_reputation11,879,676,141,866
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,712,959
net_rshares0
@rentmoney ·
Thanks for the upvote.
properties (22)
authorrentmoney
permlinkqt4mrf
categoryhive-150329
json_metadata{"app":"hiveblog/0.1"}
created2021-05-15 02:26:06
last_update2021-05-15 02:26:06
depth2
children0
last_payout2021-05-22 02:26:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length22
author_reputation327,300,923,374,612
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,713,461
net_rshares0
@revise.leo ·
$0.02
I've never noticed an spt burn post, what account posts it on Splintertalk, I'll add it to my AV.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-rentmoney-ndpaj)
👍  
properties (23)
authorrevise.leo
permlinkre-rentmoney-ndpaj
categoryhive-150329
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-150329","leofinance","hive-167922"],"canonical_url":"https://leofinance.io/@revise.leo/re-rentmoney-ndpaj"}
created2021-05-15 08:00:39
last_update2021-05-15 08:00:39
depth1
children2
last_payout2021-05-22 08:00:39
cashout_time1969-12-31 23:59:59
total_payout_value0.012 HBD
curator_payout_value0.012 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length194
author_reputation46,924,465,020,538
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,717,551
net_rshares64,458,856,415
author_curate_reward""
vote details (1)
@rentmoney ·
I (@rentmoney) create the burn post.  Its a new initiative, this is the 2nd week. I burn the authors share of earned SPT. 
# <center> SPT Burned To Date</center>
Week  |  BURNED SPT   |  
  ------------- |  ------------- | 
  [One](https://www.splintertalk.io/hive-13323/@rentmoney/lets-burn-some-spt-tokens-weekly-burn)|  693.856002
  [Two] | ??????? | 
Total SPT BURNED |693.856002
properties (22)
authorrentmoney
permlinkqt52nn
categoryhive-150329
json_metadata{"users":["rentmoney"],"links":["https://www.splintertalk.io/hive-13323/@rentmoney/lets-burn-some-spt-tokens-weekly-burn"],"app":"hiveblog/0.1"}
created2021-05-15 08:09:30
last_update2021-05-15 08:09:30
depth2
children1
last_payout2021-05-22 08:09:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length383
author_reputation327,300,923,374,612
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,717,634
net_rshares0
@revise.leo ·
Ah OK - a new one, hence why I haven't see it! 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-rentmoney-4hjhbg)
properties (22)
authorrevise.leo
permlinkre-rentmoney-4hjhbg
categoryhive-150329
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-150329","leofinance","hive-167922"],"canonical_url":"https://leofinance.io/@revise.leo/re-rentmoney-4hjhbg"}
created2021-05-16 06:57:27
last_update2021-05-16 06:57:27
depth3
children0
last_payout2021-05-23 06:57:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length145
author_reputation46,924,465,020,538
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,735,367
net_rshares0
@sharkmonsters · (edited)
$0.02
Upvoted and reposted!

https://media.giphy.com/media/BTbo1iT1yEfOE/giphy.gif
👍  
properties (23)
authorsharkmonsters
permlinkqt5r2f
categoryhive-150329
json_metadata{"tags":["spt"],"app":"splintertalk/0.1","canonical_url":"https://www.splintertalk.io/@sharkmonsters/qt5r2f","image":["https://media.giphy.com/media/BTbo1iT1yEfOE/giphy.gif"]}
created2021-05-15 16:56:39
last_update2021-05-15 16:57:36
depth1
children1
last_payout2021-05-22 16:56:39
cashout_time1969-12-31 23:59:59
total_payout_value0.012 HBD
curator_payout_value0.010 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length76
author_reputation18,893,323,798,452
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id103,725,135
net_rshares64,565,969,313
author_curate_reward""
vote details (1)
@rentmoney ·
Thanks for the upvote and repost.
properties (22)
authorrentmoney
permlinkqt5r9y
categoryhive-150329
json_metadata{"app":"hiveblog/0.1"}
created2021-05-15 17:01:12
last_update2021-05-15 17:01:12
depth2
children0
last_payout2021-05-22 17:01:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length33
author_reputation327,300,923,374,612
root_title"🔥 Lets Burn Some SPT Tokens Week Two"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id103,725,205
net_rshares0