RE: Burn Credits: What if you were rewarded for burning tokens?

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I like this idea a lot. As far as implementing it goes, it's actually pretty easy to do with the current technology/feature set of an SE token. It should also be a similar (and relatively easy process) to do this with any SMT token.

If I were to do it with LEO -- for example -- I would just need to create a script that automatically tracked LEO being sent to null and the account that did the send transaction. From there, I just need to decide how to track & distribute inflation to "burn credit hodlers". 3 ways that come to mind:

  1. Do a simple airdrop script that checks the amount of LEO that was burned by each user and then distribute new inflation to those users each day/week, etc.
  2. Issue a new token in place of burn credits that have proof of stake rewards and auto divert x % of the inflation pool automatically
  3. Issue mining tokens (which many tribes already have setup) to serve as the "burn credit exchange" which essentially do the same thing as #2

I'm sure there are a dozen other ways to do it too. It's a cool idea. Something else that came to my mind when I was reading this was the audible listening credits -- I pay Amazon ~$25 a month or something along those lines and am issued 2 audio book credits in exchange which I can use at a later date to purchase 2 audiobooks.

A tribe/token could easily do that as well with people who burn their token and issue credits to be used at a later date for some form of value -- a product, service, upvote, etc.



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Very cool, yea I don't know much about the technical implementation but that's cool that it's possible now without any additional development. I wonder how many people would do it if you did this to LEO? As I mentioned, I definitely would for at least a percentage.

An Amazon credit sort of system would be interesting too. I think both ideas just make for a way for token creators and holders to align incentives.

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