Thank you Juan for your feedback.

although we have recently seen efforts by Steem Blockchain authorities to promote its use.

Could you please tell me more about it? I haven't seen yet any efforts by Steem blockchain authorities to do any buy-back and burns.

I believe that any action that focuses on promoting the burning of STEEM is totally valid and positive for the economy.

I do agree with you. However, encouraging authors to burn part of their rewards is not going to build demand. I would rather all those authors to keep their rewards (instead of burning some) and simply power it up. I think , that this would create same result -> limiting selling pressure.

Reducing supply is one thing, but we mostly need to find ways of creating demand. That's at least my line of thinking.

If you were to get 50% of them to become new Binance users using the @josevas217 referral link (for example), then José, who makes a considerable number of monthly transactions, should buy the STEEM and send it to @null.

Im afraid that you're missing my point. I wouldn't want users like Josevas to promote their own referral link and then him to carry on with buy-backs and burns.

My goal would be to set up ONE and only ONE main account on Binance with referral link "connected" to that profile. And to build a team of Steemit users, who would be using this particular link while promoting Binance.

So once a month, I would take all that revenue, write a post presenting some bacis stats and then use generated profit to buy STEEM and burn. At the same time I would ask Xpilar (or some other well respected person) to control entire process. So entire process would be quite centralized and partly transparent.

Hopefully Im making sense?
Yours, Piotr