Don't Sell Yours Tribe Tokens - Use It To Buy Votes - Burn It - Keep Supply Low And Price High

in palnet •  10 months ago  (edited)

burn_the_tokens.jpg

I can see plenty of people are just selling tribe tokens, and moving the price down.
That way by selling your tribe profits one day u can bring the price to 0.01 steem or less.
Then your profits and stake will be worth almost nothing...

Maybe some of you don't know, that u can exchange your tokens for steem votes.
So instead of selling for steem u can get even more in steem upvote.
That way portion of tribe tokens are burned, and a portion goes to SP delegators.
As tokens are burned, supply is lower and token value in the long term going up.

U can also buy tribe tokens and use it for votes, instead of other steem bidding bots. SUPPORT TRIBES :)

How to do it?
It's very easy. Just send tokens to a voting account with a link to your post in memo.
Posts cannot be older than 3.5 days.

Here u have tribe bots I am personally using on my posts:

PALnet
@minnowsupport

SteemLEO
@leo.voter

Neoxian.City ( NeoxAG )
@neoxiancityvb

stemgeeks ( STEM )
@stembot

img source: pixabay

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I think it would be awesome if this feature was built into tribal front ends with like a "boost" button on any qualifying post yours or someone else and it would just push you to make the transfer. Making it part fo the experience will encourage more people to burn

That’s a great idea.

I like the idea of having it built in the front end, but as far as the PAL token goes (not sure about others), the vote rewards are only steem, so it wouldn't "boost" anything on the palnet front end. The promoted feature is built in to the front end, and does burn 100% of the tokens as well as put posts in the trending/hot/promoted tabs to gain visibility, so maybe what you're talking about already exists?

You make a good point there, perhaps maybe the call to action of boost isn’t the right one! Perhaps reward? Reward an author by burning tokens

Posted using Partiko iOS

I support this idea. However the big problem is - there are so many variuos tribes (tokens), and only small part of them support this feature (trade fir upvotes)

thanks for posting this information, didn't know they were taking tokens now

these tribe bots are still very limited (low sp) max u can get is around 2$ vote from minnowsupport bot, and 1$ from Leo bot.

We need more ways to burn!

for sure, ratio daily burned to printed is very low like 1-2% on average. And bots can't even handle huge amounts to burn ( low SP )

Right on @gerber. I used the promote option to a post and got the post to the top trending post, for not as much neoxian tokens you would think. Could've sold them, but enjoyed the eyeballs that it drew.

Thanks for the info I have 50 Stem token and now I am starting to burn it LOL!.

Yes a good way to reduce ones tokens in these tribes if they want to "cash out".

Posted using Partiko Android

I have not sent any for votes yet, but I have promoted a couple of posts.

I think they burn 'em when you send them for promotion too.

I haven't sold many, I stake most unless I can't see myself using said token.

Is there any information about how many tokens you have to send to get a 100% upvote from those accounts?

https://steembottracker.com/

steembottracker.PNG

steem-engine icon and vote value 0 to show all

Awesome! Thank you for that!

I didnt know this, I read more and try it, with Palnet.

Posted using Partiko iOS

You can send ORGANDUO to @organduo.voter for votes too. Tokens burned as well. (@organduo)

Posted using Partiko iOS