LOTUScoin Burn-Off Report, October 2019

in #naturalmedicine5 years ago


BURN_REPORT_v2.png

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:

As of this date, the following burn-offs have occurred:

TypeAmount
Rewards (curation)1573.06048
Post-promotion2600
Contests120
Other900
Total5193.060484

All rewards from this post (STEEM & LOTUS) will also be sent to @null as a beneficiary.