Hello friend.

Token Burn is a process in which the tokens are sent to the dead or null addresses in order to remove them from the circulating supply and hence, improving the price of the respective coin or token in the market.

A company called Burnsteem25 was put up to get authors to designate At least 25% beneficiary of their reward to @null. This account is a dormant account @null. Nobody owns it, so anybody who sends steem token to @null is in a sense removing steem token from circulation thereby reducing it's supply.

Yes, you are very right here. It is very much beneficial for the growth of the Steem ecosystem and the Steem token as well. The @null account is actually the dead account that only have the the public address to recieve the funds and digest them.

Thanks a lot for sharing with us and I wish you a very good luck 🤞.