LOTUScoin Burn-Off Report, October 2019
This is the LOTUScoin Burn Report for naturalmedicine.io
The various indigenous peoples of Australia knew that in order to maintain the fertility of the Australian Bush, regularly burn-offs needed to occur.
So too with LOTUS.
In order to maintain and increase the value of LOTUS for its stakeholders, the Natural Medicine community will regularly burn LOTUS on a monthly basis. This is done by tallying the various amounts, and issuing the total amount to @null by the issuing account @lotuscoin.
The amount to be burned is derived from the following sources:
- Curation & Author rewards from the @naturalmedicine and @uplotus accounts.
- Personalised account badges
- Post promotion on naturalmedicine.io
- Contests and competitions
- Other miscellaneous reasons
As of this date, the following burn-offs have occurred:
| Type | Amount |
|---|---|
| Rewards (curation) | 1573.06048 |
| Post-promotion | 2600 |
| Contests | 120 |
| Other | 900 |
| Total | 5193.060484 |
All rewards from this post (STEEM & LOTUS) will also be sent to @null as a beneficiary.