Steemleo 🔥 BURN Report #4 🔥— Approaching 1 MILLION LEO Burned!
It's that time of the month! Here's our 4th LEO Burn Report!
In total, we've burned 928,895.19 LEO tokens (18.92% of the total supply).
This month, we've burned 203,174.32 LEO tokens (4.14% of the total supply).
Note: We're still waiting on the first Coinzilla ad payout, so that burn hasn't happened yet and those tokens aren't included in this month's report. In the next few days, we'll put out a post/video about that burn specifically. This month's BAT burn will also happen at that time.
LEO Sinks:
Sinks are one of the most important aspects to a healthy token economy. If the underlying token isn't used for anything and burned up, then the supply will perpetually inflate and negatively impact the price. Below is a list of our major sinks for the LEO token. If you want to see a more detailed breakdown of how much LEO is burned through our various sinks, check out our latest in-depth burn statistics report on the @leo.stats account.
1). Crypto Fantasy League. --> Join our discord, build a play money crypto portfolio and compete to win LEO by having the highest ROI each week. 15% of the weekly LEO prize pool is burned.
2). SteemLeo LABS. Leo Accelerator for Businesses on Steem. We're working 1-on-1 with businesses, tribes and token creators to help them with their launch and various other things like token airdrops, marketing, etc. In exchange for all this, the businesses burn LEO.
3). We’re burning all of the LEO posting/curation rewards earned by our main @steem.leo account (so upvoting any post made by @steem.leo is effectively earning you curation rewards but then burning our author rewards and depleting the supply of LEO — also referred to as a “burn post”)
4). The @leo.voter is the Native SteemLeo community voting account. It upvotes content that is posted from https://steemleo.com and burns a portion of the LEO that it distributes to SP delegators. The current APR for delegators to this account is 18%.
5). Burn LEO to promote your post on the Steemleo.com interface --> if you send LEO to @null with your post link in the memo field, then your post will appear as promoted on our trending page and those tokens are permanently removed from the supply
6). Ads on Condenser. In case you missed it, we partnered with Coinzilla to display their ads on the SteemLeo interface. This happened just shy of 1 month ago and our first ad burn from this sink will be north of 2,500 LEO. Since it wasn't a full month of payouts from ads, we expect to see this number a lot higher by the time next month's burn report is released.
7). Ad Spots on the Steemleo Show Podcast (future sink). We already have a large enough listenership to sign up with an ad network that would run before and after each podcast episode which would work similarly to ads on condenser by burning tokens from the market.
8). Syndication Posts. We're burning a portion of the LEO author rewards from syndicated content. We'll have more specific details of this available in the next @leo.stats burn report.
9). Classified. I've been cultivating this top secret sink since last month. The sink will arrive in less than a week and I'm excited for it. For now, I'll leave you with this hint: Listing Fee.
Amount of Staked LEO Is Over 90% of the Circulating Supply:
Last month, the amount of staked LEO was 2,398,178.73.
This month, the amount of staked LEO is 2,502,675.88. An increase of 104,497.15 LEO or 4.36%.
That's 62.93% of the circulating supply if you factor in the sell wall. (last month, this number was 59.07%. So we've seen a solid jump in the amount of staked LEO versus circulating).
Technically, the sell wall doesn't really count as those tokens will likely never see the light of day. So if you remove the 1.2M tokens still remaining in the wall (which will be completely burned in 6 months), then the actual staked number looks more like this:
2,502,675.88 LEO staked = 90.12% of the circulating supply (when excluding the the sell wall)
all of our LEO author/curation rewards on this post are permanently burned from the token supply
#steemleo - A Next-Generation Community for Investors
Post from https://steemleo.com and earn additional rewards from the SteemLeo community:
- Chance to get featured in The Daily Leo and earn beneficiary rewards
- Upvote from our native content curation account --> @leo.voter
- Support the LEO token by viewing ads on our site, which are used to buy LEO and send it to null
