weekly contest week1-what is burnsteem25?

Hope you all are doing well and good and enjoying the best days of your life. This is me @shahid2030 from Pakistan and you are here reading my post. You all are welcome here from the core of my heart.

This is my participation in a contest what is burnsteem25? organized in Steem Asian by @shohel44.

This is the most important topic steemians should be aware of, Especially it's very good for newcomer. I am glad to have a chance to talk on this special topic, as I know it is very important for the growth of Steem coin and Steemit. Let's explore the Burnsteem25 phenomena and try to learn something new about it.

Burnsteem25 is a mechanism through which we show our support to the steem coin and Steemit. In it we sit out post on 25% benefitioray to the null account. The 25% of the reward we get from our post with go to null account. It will help increase the price of Steem coin.

Source

You must know that the total supply of Steem coin at market is 409,190,981( you can check it on CoinMarketCap). If we are sending coins to null account it's the same the as burning process. It will reduce it's total supply at market. Reduction of it's supply will increase it's demand. If it's demand is increase and the supply is limited it's price will pump.

Now it's total market Cap is something 82 million dollars. If the investor invest here and it's market Cap raise upto 1 billion dollars, we will see price of Steem coin at $2.5 with the same supply, and if the supply is decreased through burning process or burnsteem25, the price can go up further.

This is an easy process everyone can do it. You have to sit it while posting your article in the community. I will show you in a very easy through screenshots. Follow these steps for sitting burnsteem25 in your post.

While posting you will see an option of "advance sitting". click on it.

Now you have to click on add account here.

Put 25 in the first option and "null" in the second option and then click save.

Remember must put #burnsteem25 in your tags after doing this sitting. You can get some support from the Curators if they see your burnsteem25 tag.

Burnsteem25 is a very Positive move from the Steemit team. We should completely participate in it. It's has benefits to us both: the Steemit team or steem coin and us. If the price of Steem coin is increase obviously our earning from this beautiful platform will increase. I am sure if it is continue for longer period it will have positive effects on Steemit platform and Steem coin, which we can see in very near future InshAllah. In crypto burning process is very important and seeing steem coin burning on that huge level is very Positive.

This is all about my post for today. I hope I have done Justice to the topic and give you a piece of knowledge. See you soon with a new amazing and interesting topic, till take care.