Actifit Daily: 1.3 Million AFIT Tokens Burnt! Experimenting Google Ads. (& Our Daily Updates)

in #actifit5 years ago

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1.3 Million AFIT Tokens Burnt Today

As promised couple of days back, today we actually went ahead and performed the first ever large scale AFIT token burn, sending 1.38 Million AFIT tokens to oblivion :)
As many of you were confused by the burn event, we wanted to explain a bit further:

  • The event did not/does not affect your own tokens in any way possible, whether the ones available on S-E or on your actifit wallet.
  • Burning is a measure taken by many projects, the purpose of which is to limit the circulating supply of a token, which normally reflects positively on the token price based on scarcity and demand.

We burned today 1,380,391 AFIT tokens which were under Actifit control via the @actifit.s-e account. Those tokens have actually been sent to the @null account, which is the cemetery of burnt tokens.
We plan to continuously perform similar burn actions, but also introduce further ones down the road.

This is before:

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And then the burn transaction and the remaining 0 balance on @actifit.s-e

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The details of the burn and the relevant transaction can be found

Now the circulating supply has officially decreased on Steem-engine from 10M to 8.62M as depicted here

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Experimenting with Google Ads on Actifit.io

We have been exploring initiating further income streams to actifit.io, and running ads has been one of the early on concepts that Actifit team had considered. Our initial idea was to enable fitness/sports related industries to post ads via purchasing AFIT tokens, and this remains our long term vision, for now we are exploring ad networks, and google adsense is the first to try out as we had some experience with it few years back.

So, today we got our approval for running ads on actifit.io, and we started experimenting with this.
The auto-ads approach provided by adsense does not seem to work as expected out of the box, so we are working on adjusting that and trying out different ad units and placements.
If you have any feedback or ideas about the ad experience, feel free to let us know in the comments below.

Top Daily Actifitters

Our latest voting rounds included 606 rewarded reports.
Below are the top 20 actifitters from this round. Well done guys !!

RankActifit MemberUser RankActivity CountAFITs Rewarded@actifit UpvotePost Link
#1@actifit-peter71.001350386.75 Tokens16.87%post
#2@jayna51.001964385.75 Tokens1.5%post
#3@elizabethbit64.661023485.165 Tokens16.85%post
#4@actifit-peter71.001080684.75 Tokens19.95%post
#5@practicaleric51.501878281.875 Tokens16.79%post
#6@practicaleric51.501891881.875 Tokens1.05%post
#7@roger512082.062807381.515 Tokens16.78%post
#8@pjansen64.421213381.105 Tokens19.9%post
#9@pjansen64.321053681.08 Tokens17.77%post
#10@bluengel56.002797181 Tokens1.04%post
#11@runridefly77.161186179.29 Tokens16.74%post
#12@flaxz46.271476679.0675 Tokens1.01%post
#13@roger512082.062663377.515 Tokens19.85%post
#14@danmaruschak56.001980677.5 Tokens0.99%post
#15@pablo1601.sports30.031116876.5075 Tokens1.33%post
#16@mukhtar.juned25.00757576.5 Tokens0.98%post*
#17@felt.buzz65.601433875.4 Tokens16.67%post
#18@theb0red145.251900273.3125 Tokens1.28%post
#19@ultratrain40.872621172.2175 Tokens1.26%post
#20@kenny-crane56.061315272.015 Tokens1.26%post

A kind reminder to all actifitters: some versions of esteem app still cause issues when used to edit your reports, via removing essential info Actifit uses to identify proper reports. This prevents related reports from receiving rewards.
Until this issue is officially fixed via the esteem team, we advise that you use other Steem interfaces for editing, including our own actifit.io, steemit, busy or others.

Doubled UP Rewarded Actifitters

Today's Random Double Up Reward went to @mukhtar.juned and @crrdlx!
We now have 2 winners as we are combining the latest 2 reward cycles, since more than one occurs per day now.
This lead to doubling up the AFIT token rewards and the STEEM upvote value.
Congrats! & Don't forget to claim your "Lucky Doubled Up" badge on your actifit.io profile page.

RankActifit MemberUser RankActivity CountAFITs Rewarded@actifit UpvotePost Link
#16@mukhtar.juned25.00757576.5 Tokens0.98%post*
#57@crrdlx14.09779060.045 Tokens1.05%post*

Will your rewards get doubled UP tomorrow? :)

Our Newest Actifitters

In case this is the first time you see this section, essentially it aims to introduce new actifitters to our amazing community.

During the last voting round, we were happy to welcome the below new actifitters, joining more than 3,900 unique users who had posted an actifit report.

Our recent joiners are: @dropthatcode, @bien, @sokolovooko, @wiizzyy25, @brian.rrr, @krishna.narla, @freezablock, @edmundocentenor, @xyzxyz, @ython and @gloriouskids.
Feel free to check out their recent reports and welcome them to the Actifit community!

Delegation Status

Actifit continues to receive amazing support by the community. We would like to extend our thanks to everyone who is continuously supporting Actifit.

Below is the recent delegation updates' list:
@chunkysoupsvc(25 SP)
@cryptodecript(100 SP)
@kiob(32 SP)
@general.guy(300 SP)

Thank you to all delegators for the wonderful support! To see the list of all our delegators, check out actifit.io/delegators

The amount of delegated SP has a large influence over not only the daily/weekly delegation reward, but also on the amount of rewards the actifitter receives on daily reports, as it constitutes a key element in User Rank.

Which is why being an Actifit delegator now has more influence on your rewards, coupled with number of AFIT tokens and other factors highlighted before.

Delegators share a max cap of 100K AFIT tokens according to their delegation amount, and also earn a 5% beneficiary reward from actifit posts' beneficiary earnings.

We are appreciative of more delegations to be able to better award actifitters and support our project, so thank you for doing that !

When you are looking to increase your delegation, you need to use the new total amount as the delegation amount, and not only the increased amount. Otherwise only the new amount will be used, and the remaining amount will be undelegated.


@actifit Team


To delegate to Actifit, you can use any of the following links:
10SP, 20SP, 30SP, 50SP, 100SP, 250SP, 500SP, 1,000SP, 5,000SP, 10,000SP, 20,000SP, Custom Amount
Make sure you have at least 15 SP left on your account.

consider voting for Actifit as witness

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Our Top Delegators
An additional big thank you to some of our top supporters

@goodnewworld | @freedom | @sepracore | @fitat40 | @julialee66 | @selfvotejustice | @supergiant | @bigbot | @jasonshick | @taskmaster4450 | @dmoons.kim | @wil.metcalfe |

Our wonderful ambassadors

@akomoajong | @alexvanaken | @ervin-lemark | @flauwy | @jaraumoses | @jasonshick | @rosatravels | | @toocurious | @pearlumie

Our amazing moderators

@alfamano | @alokkumar121 | @ashikstd | @ciuoto | @ckole | @katerinaramm | @priyanarc | @rabihfarhat | @pjansen | @thereikiforest | @vishalsingh4997 | @sumit71428 | @silvertop

Haven't downloaded Actifit yet? download it from the playstore or from the app store and start your journey to fitness and rewards!

@actifit team

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Nice burn and great work, and thanks for the mention and support.

It's good to burn tokens to lower the circulating supply. It may move the price up, if demand stays the same or increases while supply is being decreased by this burn.

Also, happy to be in the top 20 list again!

Posted using Partiko Android

Would the AFIT tokens needed for ads come from actifit’s supply or would those need to be purchased from Steem-engine, etc? I guess this leads me to another question. Of the 2.1 billion AFIT tokens that will be minted, what is the process/rate by which they are minted? Are they minted based on user activity or is it a certain rate that goes into the actifit account that you then distribute based on activity?

I am excited by these changes!!

hey @sepracore, glad to hear.
The idea AFIT tokens for ads is that they will be bought in the future by advertisers, and burnt to post ads.
For AFIT minting, it is still running at our traditional rate, with an average of 120K minted daily, and the max amount being at 200K daily to reward active actifitters and delegators, .

Very happy to hear this. I will write a post about it tonight and pass it on to my followers.

Like a stock buy back - hopefully supply/demand will improve the pricing.

Posted using Partiko Android

I can see the smoke from here in California. Thank you for the burn

Posted using Partiko iOS

Hey,

did the ad display code on the individual profile page break the display somehow? It seems that recent activities are missing. With me, it starts on September 15th ...

Anyways, I don't expect that showing ads will bring any significant amount in. Good luck nevertheless :)

Thanks @ervin-lemark, indeed there was a bug and we fixed it.
We will monitor how it goes and adjust accordingly.

@actifit, where these ads will pop up? In my application on the phone, or when I log in to my account on actifit.io, or when I visit someone's Actifit Report Card ...?

Posted using Partiko Android

they should show in different parts on actifit.io, within posts, within activity feed, we are testing and adjusting the placement of ads

Great news!

Posted using Partiko Android

Hey!

Were these tokens burnt or moved?

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Thanks for bringing this to our attention !
Tokens were definitely sent to null and burned off S-E.
Our token move system misunderstood the burn and regenerated the burned tokens on the wallet.
Situation have been rectified now, great catch !

AFIT ressurection :)

You are welcome.

Thank you for your great find.
You've been accordingly rewarded 150 AFIT tokens, as well as an Actifit upvote.
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Actifit..Rewarding Your Everyday Activity
Vote for Actifit as a Witness
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Thank you.

Let me know when you need a beta tester :)

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