RE: Upcoming changes to MinnowBooster - š„ BURN PROMOTION SERVICE! š„
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well it's nice to make a change, even though the purchasing still there but you made some twist. I think it's fair enough and by the way, what is this @null or who is it? I clicked the username but it seems there's none to find in that account.
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It's an special account whose funds are unable to be used, thus you burn Steem sending some to that account.
Can I have an assurance that the token I'm going to send won't be a waste and it will upvote the memo I sent in return?
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@null is a default burn account that belongs to no-one except the blockchain itself. All funds that are sent there will be burned and lost forever.
I appreciate your time replying my question, but I'll ask other thing. For example I have shade token and I want to burn to use as upvote. How will I do it? just send that token and put memo by @null? is that correct?
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That would likely only be possible if the Shade token creator has it set up to work that way.
The HoboDAO is set up to allow people to burn Hobo tokens by sending them to @hobodao (a permanently locked account) with a post address in the memo area and that enters the author into a contest. But not all token systems involve a burn option.