Lets Burn Some ALIVE ... Here is AI Flower

in We Are Alive Tribe4 months ago

sunflower.jpg

The @buynburn account uses its meager HBD and HIVE rewards to buy and burn coins on #hive-engine.

I thought it would be fun to burn some ALIVE. I have 191 ALIVE worth $0.465 in the account. i think I will put that to the torch.

I write each post by hand to qualify for #POB and #VYB. To enhance the post I asked Night Cafe to create an image of a sunflower and ladybug. Courts have been treating AI images as near public domain.

The HIVE Engine's token page says that ALIVE has a float of 2,358,748 coins. The current price is $0.00243 setting the market cap to $5,731.

The trading chart for ALIVE is interesting:

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Back in May the price of ALIVE dipped below 0.01 HIVE. That made me sad. I had 2,500 ALIVE at the time. So, I decided to accumulate ALIVE at 0.01 HIVE. I bought 2,500 ALIVE and the price rose back to 0.01 HIVE. The market for ALIVE fell apart again in June. It fell again to 0.002.

I bought another 1000 ALIVE via @yintercept. I now have 6000 ALIVE in my primary account worth a reported value of $14 USD.

There are so few buyers on HE that even a small purchase of $7 can help stabilize a coin with a $5K marcap.

I will use any HBD and HIVE rewards that I receive to buy and burn tribal coins on HE. I hope to make a regular habit of burning ALIVE. The HE tribes would be more interesting if they could maintain a stable price. I will post the proof of burn #POB, after the post.

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The price was good two year ago but now it's 0.002 $ per token. I am accumulating and powering up regularly.
The buring mechanism is good for any token as it reduce the liquid token in market. Thanks for the support.

Here is the proof of burn #POB:

https://he.dtools.dev/tx/aaefd2de02d92e802c5541b7cb0ae285bc4cf62f

It appears that people have burned 74,058.6756 ALIVE to date. This reduced the marcap by $181.063.

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