RE: Actifit Weekly: 495,000 AFIT to be burnt October 25. FitOctober Bring in Fitbit Users Contest. STEEM AFIT & Witness Status. Daily Updates
I doubt if it gives the required effect as the #Burn intiative is supposed to... Burning is expected to increase the price of the token... Thus, you need to come up with a burn strategy which sees you purchase the tokens from the market with Steem and burn.
That way, there's an effect no matter how small on the price.
You send out weekly payouts to delegators... I for one would wish you use those weekly payments or half of them to perform a burn every week or twice a month.
That way, there's a bigger interest in the Actifit project and token as well. It's a win win for everyone, I believe.
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