RE: Actifit Weekly: 495,000 AFIT to be burnt October 25. FitOctober Bring in Fitbit Users Contest. STEEM AFIT & Witness Status. Daily Updates
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What happens to the AFITS actifit by back do they go into the pot to be given out later like new tokens? That's good actifit is buying so.e back of the market. If people have been moving tokens from their Steem-engine account to their actifit wallet they are not actually for sale and not reducing the token value so I don't understand how burning those makes much of a difference now.
Maybe in the longer term it will start to make a difference. I am really hoping we get some decent products in the actifit market soon like say shoes, socks, hat's, shirts even Fitbit or equivalent tracking items. As we are well over a year into actifit and still can not purchase anything practical as mentioned in the front page of actifit.io. I know you have mentioned something coming to the market very very soon I hope it will help add more value to people wanting to use actifit and be able to get something practical they can exchange AFITS for. Thanks @mcfarhat
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yes AFIT tokens bought back go back to the pool.
Burning the tokens makes a difference in limiting circulating supply on steem-engine. The more tokens available under circulating supply, the higher the price pressure.
We are experimenting with this and as i said looking into implementing other measures.
Yes about the market, hopefully by next week we will have something to share with you guys :)
Thanks for the information @mcfarhat
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