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:
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.