Contest | How do I contribute to burnsteem25 project

fantvwiki (77)Indonesia | Club75in Steem4Bloggers • 5 months ago

Steemit Engagement Challenge S7W4 Your Favorite Place To Visit.jpg
_{Images are edited using Canva and other sources come from pixabay.com}

How do I contribute to burnsteem25 projec

This is a contest that gives an idea of the importance of Burnsteem25, thanks to @solaymann who had the idea to keep reminding many users of this project.

Good Night Indonesia time for Friends of the Steem4Bloggers community no matter where you are, the theme of this contest makes me feel like participating. I hope what I write is useful for all of you who read it, and certainly useful for me.

The Crypto market continues to grow rapidly as time goes by, many Crypto coins are present thus adding to the market dynamics in the cryptocurrency world. As a digital asset Crypto coins are designed as investments that can be used as a medium of exchange that uses Cryptographs, these digital assets are strong enough to be able to secure financial transactions to be able to verify asset transfers.

_{Image Source : pixabay.com}

Likewise with Steem as another digital asset, the advantage of Steem is becoming famous for having Steemit as a decentralized social Media Platform. So many users get the financial freedom they can from the Steemit platform, with Steem as the main Digital asset contained therein. Along with the development of Steem through the Steemit Platform, the growth rate of Steem as a digital asset continues to grow in the market, this is where the law of trade makes Steem slightly reduce its strength in value. The law of demand and supply applies here, so the idea of Burnsteem25 arose, the choice of which was also chosen by many other Digital assets.

`What do you know about the Burnsteem25 project?`

Burnsteem25 is a way for the Steemit team through its policy to voluntarily remove some Steem coins from the rewards that users get on Steemit. The current policy in favor of burning coins eliminates some of the reward coins by sharing the award to a Null account by 25% and is finally known as Burnsteem25. The reduction in supply by burning 25% automatically eliminates the Steem to be burned, making it unusable again.

This initiative is going well for now and is being implemented by many users, especially those who are country representatives, community admins, community mods to many other users. The goal is clear, the burning of Steem coins through the Burnsteem25 initiative will increase the value of Steem in the future. Reducing supply means increasing value, the goal of Burnsteem25.

`Share your contribution to the Burnsteem25 project.`

I personally supported this initiative movement since it was first announced, this simple step I continue to follow both as a representative of the country at that time and also as a community Mod. Until now, almost 95 percent of my posts every week contribute to the Burnsteem25 project, you can see all my posts at this link.

https://steemit.com/@fantvwiki/posts

This is not talking about self-interest, but the Burnsteem25 initiative is a form of our concern to continue to make a small contribution to the development of Steemit in general and Steem in particular.

_{Image Source : screenshot of my Steemit account}

`How important do you think the Burnsteem25 project is to the development of STEEM?`

The Burnsteem25 project is not only carried out by Steemit developers but also almost as many Crypto coin developers, even well-known Crypto assets in the past who also did the same to increase their value in the future. Elimination will reduce circulation, and reduced market presence will trigger an increase in purchases caused by scarcity. Burning coins that are lower in value is seen as a new beginning to print Steem coins that are slightly cheaper, later as the investment value of Steem increases, it will increase the price of Steem even though it is done unnaturally.

In principle, the Burnsteem25 project is considered the most effective way that stabilize and increase Steem coins, thereby keeping the value of Steem in a favorable position. Not only developers will benefit from the increasing and stable value, but also investors who believe in the value of Steem that is considered good, profitable, and can keep its value.

`Why would you invite other steemian to join the Burnsteem25 project?`

I am a Mod in the Hot News Community, and inviting all users to support and make efforts in the Burnsteem25 project is a task that I consider important. Getting them to do so is also part of my contribution as a user supporting that policy, and making sure they volunteer to do so.

Here's how to do Burnsteem25, and I think all of you have done it :
👉🏻Once the post is complete and you've created it, make sure it doesn't get published ahead of time before setting up beneficiaries.
👉🏻Click the section located in the image of the Red Arrow, which displays advanced settings, until a new menu opens.

👉🏻Then click the Add Account button in the first section, and in the second section Type 25% in the left column and the right column Type null as a beneficiary which means we share benefits to Burnsteem25.

👉🏻Press the Save button and the step is complete, finally don't forget to write the #Burnsteem25 tag.

The importance of inviting other Steemians to support this initiative is also in line with the form of support for the Steemit team through curator duties, where posts that are worthy and accompany Burnsteem25, will have the opportunity to get support from the BURN TEAM that has been formed. This means that inviting many users to join this project is important, and through this participation post, I invite all users to be involved in contributing to the Burnsteem25 project.

That's all my simple posts on this occasion, I invite @mvchacin, @alee75, and also @goodybest to participate. Sorry to mention you here, warm greetings to all of you.