"Contest: How do I contribute to burnsteem25 project."
Assalam O Alaikum |
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Hello Steemians! Well come to my post. How are you all? I hope that you will be doing well. I'm also fine and enjoying my day. Today I'm here to participate in this amazing contest which is organized @solaymann in the Steem4bloggers community. The topic of this contest is "How do I contribute to the burnsteem25 project? So let's start the task.
What do you know about the burnsteem25 project? |
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Friends as we all know that in the world of crypto market the word burning of a coin means that removing that coin from circulation and reducing its supply within the crypto market. It means that when any of crypto coin's company announce the burning process it affects the prices of that specific coin. If we talk about the burnsteem25 so it is launched for the Steem which is a native token of Steemit Blockchain to maintain its supply and prices within the market.
When any of Steemit users sets 25% to the @null account then its 25% earnings from his specific goes to the burnsteem25 project which helps to maintain the price of Steem token. The burnsteem25 project gets a huge success in the previous years due to which the prices the prices of Steem token has increased. More ever now a days the Steem token has gained a lot of stability in the crypto market which brought many benefits for the Steemit users.
Share your contributions to the burnsteem25 project |
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Yes I'm actively participating in that amazing project in order to show my support to the Steem token and the Steemit platform. Mostly whenever I published my article I set 25% to the null account to support the Steem token. In my that post I have set the burnsteem25 and participate in that project. You can see in the picture below.
How important do you think the burnsteem25 project is to the development of Steem? |
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Yes the burnsteem25 project is very important for the development and the growth of Steem Blockchain and it's native token Steem also. This is because as much the Tokens burn they remove from the circulations and its supply reduced which increase the price of Steem token eventually. Thus as the prices of Steem token increase it would be more beneficial for us and it increase the value of our Steemit wallet assets.
So we can say that the burnsteem25 project is very important and helpful for us and for that platform also. More ever when the prices of Steem token increase its demand in the crypto market also increase and some big investors may invest in Steem Blockchain which may provide more stability to the platform. So we should always contribute to that burnsteem25 initiative.
Why do you invite other Steemians to join the burnsteem25 project? |
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Friends as in the above section I have discussed that the burnsteem25 project is very useful for every Steemian because the value of Steem token is directly proportional to our earnings. This is because when the prices of Steem token increase it increase the value of our earnings so I want that the Steem token gain more and more stability and I also want to see the Steem token among the top 10 most famous crypto currencies of the crypto world. So that I why I invite more and more Friends to contribute in that project.
So friends that was my entry about that topic and I hope that you will like it. Now it is a time to say goodbye to everyone and I want to invite my friends @faran-nabeel @sahmie and the @memaun to take a part in this amazing contest.
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Very nice write up pal. I will give the burnsteem project a try as you have successfully outlined the importance.