The Terra.sinkhole Project - it's only available on Hive
The project is starting to shape itself and we can now assess targets or project what we can achieve in future.
TL;DR ? The Project's purpose is to take out as much scrap from the market as possible in order to help the scrap price decrease slower. It won't flip the trend, but will help in the long run.
The SCRAP price is declining so fast that when I play terracore and raise scrap to upgrade my stats I need to sell it right away after claim not to be on the down side. This is wrong and needs to be rethought. This Project is my answer to that issue according to my abilities. In Hive's ingenuity such projects can become self sustaining drainage pipes for excess SCRAP.
I didn't burn any of scrap in 'burn' direct meaning of the term. However The Project took 1.7k Scrap of the market and gathered 8.4 swap.hive in diesel pool. So the scrap price is secured by another 8.4 Hive. The only way these funds will go from there is to @null. So in my broad understanding I consider these funds to be burnt already.
How to support the Project?
However you like. You can delegate some HP, you can upvote this or any other post/comment made by @terrra.sinkhole. You can get rid off any H-E tokens that are in your wallet.
General pool data
Unless some major crisis happened, the above number will only go up and I hope I will be able to increase the Project's share in the pool (currently 0.434%).
Currently the account has 18.82 HP which are currently delegated to @leo.voter. Leo bounties are used to buy scrap and thus realising the main objective of the Project. I don't know for how long delegators are going to keep their delegations, so I'm need to think how to increase HP to +50 level at which you receive curation rewards on your own.
Delagation to @leo.voter
I did mess up delegations and currently I'm delegating 12 HP but 5 HP of delegation is expiring in 4 days. Will update the delegation after 4th day. Current delegation brings about 0.029 LEO per day. Leo is sold and scrap
The account analytics
Thank you for your support.