Be the Change you want to see! Burn Steem to help its price increase. Set 25% @null (Win 3 Steem).
Introduction
We all love the Steem project and would like to see it grow fast. What can we do to ensure that the steem project grows and become the success we want it to be? There are many things you could do. One of them is to burn Steem. This idea was presented by a user @rosz in this publication under the propose a new initiative contest of the Engagement challenge. This idea is popular in the crypto sector. Since it will help the Steem project in the long run, Lets do it.
The effect of Steem Burn
The crypto industry is already familiar with burning cryptos. The amount of cryptos in circulation normally affects its price in the market. The laws of demand and supply are usually felt more in the crypto sector. When there is much token in circulation, which means many are selling off their assests, it tends to affect the price negatively. On the other hand, the price tends to go up when there are few tokens in circulation. Steem as a cryptocurrency is also affected by that phenomenon.
A great way to create such scarcity and reduce the amount of tokens in circulation is to burn or destroy some the tokens. That is the very idea behind this wonderful proposal by @rosz. When we burn Steem, it reduces the amount in circulation, in the various exchanges. With time, this scarcity will affect the price positively. When the price grows, Steem holders will like to withhold their Steem and hope a bigger price increase. As such, the value of Steem will be healthy for all of us. Wouldnt you like to see 1 Steem at $5? That is why we need this initiative!!!
How to do it
To burn Steem is very easy. When you make a post, just set 25% beneficiary to @null. Easy as ABC. Please do not forget to set it. I suggest that once you open the compose page, do it first. Do the setting and continue publishing so you do not forget.
Lets Burn Steem!!!!!!!! Contest Prize 15 Steem
In order to fully support this initiative, the first 5 persons to burn Steem in SteemAlive community will win 3 Steem Each. This is part of my support for the burnsteem initiative.
Rules
- Make a quality post (at least 350 words) and set 25% beneficiary to @null
- Resteem and vote this post.
- Make a comment on this post to show you will support this initative
- Drop the link of your first burnsteem post.
- Make sure you have engaged with at least 5 posts in our community in the last 1 day.
- Your first tag must be: #burnsteem25.
Lets grow together - with Steem
If you love the Steem project, you would be ready to do everything to support its growth. We need to have as many users as possible support this initiative. In addition to the clubs project, if many of us start setting some or all of our posts earnings 25% to @null, that will go a long way in reducing the amount of Steem in circulation, and improving the price in the nearest futures.
I want steem price to grow higher than ever. Therefore, if this is what it will take to increase its price, i gonna try my best.
Keep updating us. Every of your updates adds value to our steem journey @focusnow
Nice one by you @focusnow, I heard about this initiative I didn't fully understand and I was too busy to do more research about it. Having read this your post has helped me to fully understand the burn steem initiative. I will surely participate in the steem burning once I am out of the hospital. My daughter is hospitalized so she is admitted in the hospital for treatment.
So sorry about the ill health of your daughter. How is she this morning. I hope she is responding to treatment. I pray she will be fine. Steem burn is great. Let's support it and hope for the best. @udyliciouz
She has responded to treatment and hopefully by tomorrow we may be discharged.
Thank God for that. She will be fine
Chia so sorry about your daughters health, how's she doing now hope she's better.
She has started responding to treatment this morning. At least she is not vomiting again.
Chia thank Jehovah oooo, am happy to hear that.
@udylicious. So sorry about your daughter's ill-health. She'll be fine. Thank JEHOVAH God that she's responding to treatment. Be strong she will be alright. Best wishes.
Thank you so much
Whatever we can do to increase the price of steem in the market and bring more value to steemworld I am in support.
@beautybb. Everything for Steem. We want to Steem to the moon.
Oh wow...this is top notch ☺️😅.
Who won't love this.
We have no reason not to jump on this ASAP, we can do this
@barnabie. Lets do it. Its much better to help build a healthier Steem
This idea of burning of steem is a good one, i will support any project that will help steem to grow, thank you @focusnow for explaining it better to all of us
@ijelady. Sure. We are 100% for steem Growth. So we will support Steem burn and help Steem to grow. Its a win-win for all of us
10 gbosaaaaa for steem growth
Steem to the moon!!!!!!
Nice one, I will surely participate in the steem burn my entry will be loading soon
Alright. Lets grow Steem with Steem burn. Steem to the moon @mesola
Can we use contest topics to burn the steem then set it 25%
@okere-blessing Yes. Remember. But also check the rules of the contest. If its steemalive contest, 10% goes to @steemalive too
Ok sir
This is really a great initiative and I will do justice in supporting the burning of steem.
Better to build than destroy. Thanks @focusnow.
Yes ooo @nsikakedem. We are building by burning Steem. hahaha. Waiting for your entry
Lolz....burn to build.
This sounds biblical, I know the bible talked of this that;
Hahahaha. Sure. It dies before it can be made alive again. So burn to build is cute
Exactly. Together we burn more. Thanks.
@focusnow. Great idea, great initiative, I will love to see steem bounce back, going up in the nearest future. This project has my full support. Best wishes.
We cant wait to have your Steemburn post. Lets push it hard and fast. Thank you in advance for supporting steemburn
This idea of burning Steem is a great move to increase the price of Steem. So, am dropping my entry soon to support this project. But please is the contest ending today @focusnwo?
@chichieze. The contest will end when we have the first 5 entries. If we have them today, it ends today.
Okay, thanks so much