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RE: The Steem Virtual Machine (SVM) & Sherpa Protocol - STEEM's Gateway to SocialFI

in SVM - EVM on STEEM • 7 days ago

Great !
I am very happy to hear that there is a possibility for the Steem tokens burned via 'Burn Steem' to be recovered, as I had always wished for them to be used to help someone, and I feel this fulfills that desire. Please let me know if I am correct, or kindly provide a clear explanation regarding this.

7 days ago in SVM - EVM on STEEM by
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     7 days ago 

    I think you Mis Understood a Bit , we cannot recover already burned STEEM . However as gas is burnt on SVM , the surplus STEEM on @svm.bank can also be used for charity purpose , putting a governance vote to inflate the SVM based on how much Surplus is available .

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         6 days ago 

        so we need to another account to burn instead of @null ?

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             6 days ago 

            First , I want to Let you know that

            Steem Virtual Machine (SVM) is a sovereign Cosmos SDK blockchain with full Ethereum (EVM) compatibility, enabling smart contracts, NFTs, RWAs, and existing DeFi protocols to run without modification. Its native gas token is STEEM, with every STEEM on SVM backed 1:1 by STEEM locked in the @svm.bank account on the Steem mainnet, while the network is secured by its own independent validator set without any inflation .

            So the burn Mechanics in Steem main net and SVM will be Different

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