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RE: Bigger token burns initiated

in #tribes7 hours ago

Are the funds for burning the tokens gathered from the author rewards? Or are they gotten from powering down the account over time when funds run out?

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The funds are gathered from the liquidity position LEN:LENM

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the ctpsb.pal account is the second biggest liquidity provider and it gets daily rewards in CTPSB, swap.btc, LEN that are used to burn tokens. The same account also delegates its HP to liotes.voter and generates daily LEN dividends that are used to purchase tokens on the market to burn them.