Burn Report #3

The @buynburn account uses its HBD and HP rewards to buy and burn undervalued coins on HIVE-Engine. I will produce a report showing the total coins burned each Monday.

But first the important news: I used DALL-E 2 to create the image seen above. It shows a pile of melting coins in a fire. This is an apropriate #meme for a burn account. Here is a list of all my AI images.

I intend to produce a report each Monday that shows the total number of coins I've burned to date.

This morning I incinerated 10,638 PAY. The coins had a HIVE value of 0.00106382 and USD value of 0.00042871946.

PAY is a token for the "political hive" tribe. The token triggers on the tag #politics. The token used to have a web site. I believe that it still triggers on the tag #politics.

I bought the tokens at 0.00000010 HIVE.

To be truthful, I find PAY to be one of the most interesting coins on #HIVE-Engine as it still returns rewards and its price really can't fall much further than it already has.

Since the coin goes for cheap, people can buy tens of thousands of PAY for next to nothing.

Of course, PAY qualifies as a failed tribe.

I suspect that the tribe failed because most people really don't like politics.

That said, the token is still a fun token. The richlist shows that PAY has a decent distribution; so it is easy to earn.

Anyway. This is my third burn report. I've burned 14,469 coins so far. The number of coins I burn is determined by the value of the upvotes I receive on my posts. So far, I've received only $1.25. i will concentrate on low value coins until I earn more.

I will burn another 103 #cent after I publish.