Is the « burn token » news real ? My god I bought

Let's say users earn 100,000 CEL tokens for the week this is for everyone earning in CEL. 10% of that Celsius buys IN ADDITION with their income they use for daily operations. They then burn this. This means the community still earns the same rewards. The up to 80%/20% split still applies. This comes out of the 20% that Celsius receives so this does not effect the yield the community earned / is earning.

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01.10.2021

do we know how much percent it is from the 20%?

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01.10.2021

No I don't know.

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01.10.2021

yeah, just wondering if it will affect Celsius' capacity to expand since they are earning less.. but I trust them, for sure they have considered that.. and we have the equity round as well..

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01.10.2021

Wait so let's say CEL value doubles, does that mean the burn will be half of the amount? Becoz 2× value multiplied by half the amount = same overall value

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01.10.2021

Not exactly but in theory it is 8% out of that 20%.

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01.10.2021

Raymond

Unless the CEL earned is through depositing CEL

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01.10.2021

The burn is 10% of the cel tokens rewarded to the community. If it is from earning in kind they it doesn't matter if price goes up. if it is earn in cel (and you are not in the usa) then yea it would be lower

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01.10.2021

Ahhhhhh yes thats right

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01.10.2021

It all depends on how many users earn in CEL. The price is irrelevant. Simple example let's say CEL is worth $1: 100,000 CEL tokens 10% = 10k CEL $100,000 CEL tokens at 10% = $10k worth of CEL

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01.10.2021

Alright thanks lads, y'all really clearing my doubts. This community is pretty legit

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01.10.2021

Sure but the question was if the value increases the total amount of burnt cel diminishes? and the answer is yes if it is earn in cel. But the burnt value as you explained does remain at 10%.

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01.10.2021

10% of 80% = 8% out of the 100%.. but that is all the interests are in CEL, but I don't think so.. at best, it is 4% out of the 100%

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01.10.2021

Yes, but what i meant is that the 10% comes from the 20% and not the 80%. But you are correct, since not all the yield is earned in cel it would be up to 8%, but is currently around 4% maybe?

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01.10.2021

Yeah true, just getting hold of the mechanics

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01.10.2021

Yes there will be a difference in the conversion but the more users who choose to earn in CEL will increase the number of CEL tokens that are burned. I don't see CEL moving and nothing else moving though. Over time I believe ALL of crypto will increase in value so it could go down, remain the same or go up depending on how everything else performs.

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01.10.2021

Awesome. Thanks for the clarification. Great job admin, thanks for the help with the promo code as well. Really appreciate that

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01.10.2021

I'm here to help. Feel free to ask questions anytime. If you don't feel comfortable asking in the open I'm always available for DM too.

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01.10.2021

Roger that, honestly respect the effort you put in communicating with all us. Thanks for the effort

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01.10.2021

Are ypu familiar with the flywheel?

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01.10.2021

Like the mechanical flywheel? Storing kinetic energy/inertia?

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01.10.2021

Oh no, there is a tokenomics flywheel that is part of the celsius presentation. quite a read! you can see if it some youtube videos as well just look up celsius flywheel

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01.10.2021

Noiceee, definitely will look into that..lemme save this msg

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01.10.2021