1.6 million SCRAP token burned

I am pleased to inform you that first batch of 1.6 million of SCRAP tokens was sent to @null thus irreversibly burnt. This time I decided that I will burn this week's powered down Hive instead of swapping half of it in putting into the liquidity pool. I haven't decided what to do next week though, so feel free to suggest anything.

Recently, I came to conclusion that because of Scrap token's design - the max supply shows that this project has little chance to dramatically change the tokenomics despite controlling over 7% of circulating supply with another 7% in swap.hive. Looking only at the numbers of SCRAP token I think there is something wrong with its economic design - ok it's being burnt (over 83% of tokens issued are already gone), but there is no demand to suck it out of the market. I guess web3 game developers need to consider this mechanism as essential.

So what's the shutdown plan?

I guess it's an end so I suggest the following:

1. Undelegate all HP
2. Ustake Total 'HP - 10 HP'
3. Convert Hive into swap.hive
4. Swap Hive for scrap
5. Burn scrap (I was wondering if transferring the funds to my player account would be a transgression), for now - even though it's tempting, I will simply burn it all aby sending it to @null

You can read about the rules of the project here

How did we do?

by @jocieprosza