Hello Hives,
We are excited to tell you UPME burned 100,000 tokens via its Burn-To-Vote feature. This might be a milestone in our project because we introduced a strict burning mechanism & algorithmic price feed mechanism which increases the token price by 7% weekly.
The token combined with a strict token-burning mechanism called "Burn-To-Vote". Moreover, the Burn-To-Vote feature strictly follows Spaminator's Blacklist & votes are not guaranteed. (Refund if no votes).
Mentors (curation leads) manually check where our votes are heading to. Therefore, if you are willing to do something against the ethics of the Hive community, either nullify if unworthy or mentors will take necessary actions if repetitive.
Limitations:
Source
Therefore, we believe (not an investment opinion) high demand & less market supply will boost the UPME token price in a long run.
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Moreover, burn to vote queue might work in the First-in, First-out method. Therefore, if your post reaches 24 hrs from its' creation time, you will not receive an upvote & will process refunds.
If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.
We are excited to tell you UPME burned 100,000 tokens via its Burn-To-Vote feature. This might be a milestone in our project because we introduced a strict burning mechanism & algorithmic price feed mechanism which increases the token price by 7% weekly.
What's UPME Token & Its Burning Mechanism?
UPME is a @hiveupme curation project-based token economy, which can be mined via delegating to the @hiveupme curator or by holding UPME tokens. The total token supply is 1 Million & non of the tokens mints manually.The token combined with a strict token-burning mechanism called "Burn-To-Vote". Moreover, the Burn-To-Vote feature strictly follows Spaminator's Blacklist & votes are not guaranteed. (Refund if no votes).
Mentors (curation leads) manually check where our votes are heading to. Therefore, if you are willing to do something against the ethics of the Hive community, either nullify if unworthy or mentors will take necessary actions if repetitive.
Limitations:
- You should not be in the Spaminator's Blacklist.
- The post should not older than 18 hrs from its' creation time.
- Minimum amount of UPME tokens to burn: 20
- Minimum amount of WINEX tokens to burn: 5
Why UPME Can Sky Rocket?
Due to its strict burning module & automated price feed (add 7% to the previous week's token price in each week) mechanism, the UPME tokens burning rate becomes faster than the token minting rate.Source
Therefore, we believe (not an investment opinion) high demand & less market supply will boost the UPME token price in a long run.
Votes Guaranteed?
No, we can't guarantee a vote for your burn. As we discussed above, you should not exceed the ethics that follow in the Hive community.Moreover, burn to vote queue might work in the First-in, First-out method. Therefore, if your post reaches 24 hrs from its' creation time, you will not receive an upvote & will process refunds.
When Tokens Burn To @NULL?
The moment your post (if worthy to receive an upvote) will burn the sent tokens to @null & if extra tokens, they will refund to your wallet.If any error, please contact us @CORE-VAULT Discord Channel or send a discord message to theguruasia#8947.
"Delegate @hiveupme Curation Project To Earn 95% Delegation Rewards, 15% APR Worth UPME Tokens, Mentor Votes & WINEX Token Rewards"
Contact Us : CORE / VAULT Token Discord Channel
