We have burnt 80'000 LEN tokens!

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▶️ Watch on 3Speak

Today in the Liotes News:

  • So far we have burnt 80'000 LEN tokens. This is close to 45% of the total supply!
  • How we take into consideration the organic growth of your delegations for the paiment of the dividends and for the Liotes Ranking.


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▶️ 3Speak

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33 comments
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At the moment there are 85 LEN tokens in the prize pot for the Liotes Power Challenge.

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You guys are nearing the halfway point. Any celebration planned at 50%? :)

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I don't think so lol. It will probably be in some months only.

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Thanks for the update.
80000 len / 45% of the total supply, is a big number.

Price has dipped a bit, but that's the part of the ups and downs in the game.

!ALIVE
!PIZZA
!LOLZ

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that's the part of the ups and downs in the game.

The price is fluctuating according to how many people want to sell at once. Otherwise the basics are solid.

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That is so nice of you guys to keep the delegation updated in real time, ti needed automatisation, and also a lot of hard work to keep up with that. So thank you so much for the hard work.

And the amount of LEN token burn is a lot. let that be the case, so that the price can go up, and we all can benefit from that. : )
!PIZZA !LUV

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We want to keep the supply limited so that the token can appreciate in value but liquid enough that we have enough tokens to pay out as dividends.

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The price hasn't quite caught up with the burning, but I'm sure we will get there eventually!

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The price depends not only on the burning but on the activity of the people holding the tokens if the biggest whale decides to sell several thousand tokens within a couple of days, it definitely has an impact on the price :-)

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Thanks for the update! Slow and steady!

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That's our mode of operation :-)

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Thanks for the update guys. Good to know you take into account the actual delegation amount.

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Yes, like that people don't need to update their amounts if they don't want to.

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Thanks for the news. It's nice to check each Monday what's going on 😎

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I like that you update delegations regularly. I assume that's not often the norm when paying out delegation rewards. 😀

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I have to say that I don't really know how others are doing it but we want to make sure that you don't miss out any rewards.

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Always happy to get the updates for you guys ...... Great dedication and happy to be part.. thanks also for the credits today ❤️

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Thanks for the update!
Staying consistent and keep building! 💪

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It's good to see the tokens burned and that the project takes into consideration of the HP growth. I thought all projects just used the HP snapshot at the time of dividends but I guess it might not be true.

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I can't really say how other projects are handling it but I also had an experience where they only took the initial delegation and paid according to that.

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