Introducing The First BURN project from @creativecoin

in #palnet5 years ago (edited)

We have been discussing options for burning tokens quite a bit lately. We could go the burn-bot route, exchanging CCC for a steem upvote, and we probably will do that at some point.

But not quite yet.

What I am going to do is something that will help accounts AND burn tokens at the same time.

How it will work is exactly like this:

  1. Our Curators find worthy posts from https://www.creativecoin.xyz and place them in our secret Curator room in our Discord.
  2. I will randomly pick one, two, or twelve for a resteem on the @creativecoin account.
  3. After the payouts are completed, @creativecoin will issue the same amount of tokens as the posts earn and BURN them (send to null)
  4. The first burn will happen on the Saturday following the first payout, then each Saturday after that.
  5. A post will be made on @creativecoin with the amount burned and the posts from that particular week.
  6. As a double bonus: Whatever liquid the creativecoin account posts earn will be burned as well.
  • There is no set amount of posts that will be resteemed
  • There is not a way to "buy" your way on to the list

Once again, THANK you to all that have staked and embraced this project! We have several idea that we will be implementing in the coming weeks, months, and years.

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About the #creativecoin bidbot idea that starts of this posts: Just DONT!

Bid bots hve basically destroyed real curation for the main STEEM economy. The last thing this amazing scot tribe needs is a bid bot economy. Burning is important, but not as important of keeping this space in the spirit of real curation.

We as a tribe should be downvoting any bidbot usage that includes the #creativecoin tag in order to keep curation real, not running and supporting a bidbot because it burns CCC in exchange for false curation.

This post has really made a huge dent in my initial trust and enthusiasm for this project. I really hope you guys will publicly announce that you are NOT going to ruin this project with a bidbot project. Not now, not ever. Or better yet, that you guys are setting up a policing service aimed specifically at nullifying any form of false curation. False curation should be socially unacceptable in scot tribes like this. The fact that you guys are dabbling with the idea of creating one is a massive disappointment.

As for the burning project proposed, it is really a lukewarm concept. Maybe consider doing something in the line of @steemsense-eu instead.

I completely agree, the burn-bot idea is out there as right now it is the only viable automatic burn system that I am aware of. This BURN project is being implemented instead mainly due to there being so few options at this time and not wanting to do the bid-bot route.

Haha I always have to laugh when this one pops up :)

Especially as I remember @kryptokayden dropping this GIF a lot when people talk about burning SM cards :)

OMG I love this @isaria

Music to my ears. Thanks for being responsive to feedback

cool project and i will stake more CCC

Thank you for support

I think it's a great idea👌

This is amazing
. Well done guys

I like the way this tribe is evolving. The burning method is actually creative and will all gear the community participation.

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

You got your First payout
You received more than 10 as payout for your posts. Your next target is to reach a total payout of 50

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This is a great idea.

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