LOTUScoin Burn-Off Report, September 2019

in #naturalmedicine5 years ago

NM Burn report cover.png

This is the LOTUScoin Burn Report for naturalmedicine.io

The various tribes of 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 will be done primarily through burning amounts from the following sources:

  • Curation & Author rewards from the @naturalmedicine and @uplotus accounts, as well as other official curating accounts.
  • Personalised account badges
  • Post promotion on naturalmedicine.io
  • Contests and competitions


As of this date, the following burn-offs have occurred:

  • Rewards — 1,010,542.45
  • Post promotion — 181.7616641
  • Contests — 150.00

TOTAL BURN-OFF — 1,010,874.22 LOTUS

All rewards from this post (STEEM & LOTUS) will also be sent to @null as a beneficiary

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Super. Love the Aussie burn off analogy. Upvote and burn lotus!

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@lotuscoin, Keep up team and with your initiatives make this Token more scarce. My good wishes are with you.

Posted using Partiko Android

Thanks @chireerocks, your good wishes are always appreciated!

Welcome and thank you so much.

Posted using Partiko Android

Thanks for the LOTUS Tokens in my Steem-Engine wallet @lotuscoin , best wishes with your new Tribe, I stake 100% of all Tokens received from all tribes! 👍❤

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

You published your First Post
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You received more than 50 upvotes. Your next target is to reach 100 upvotes.

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Vote for @Steemitboard as a witness to get one more award and increased upvotes!

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