What if we used the SBDs created every day in the DAO to buy and burn STEEM?

beenish005 (61)in #steemexclusive • last year

Hello everyone,
I hope you all are fine and I am fine too. You read this post and tell me how i made the post. What i have given is my opinion is it correct. I hope you guys like it.

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But what if we used these SBDs to buy and burn STEEM instead?

This process, known as a buyback and burn, would involve using SBDs to purchase STEEM on the open market and then destroying them. This would have a number of benefits for the steemit ecosystem.

Firstly, it would increase the value of STEEM. As the supply of STEEM decreases, the demand for it would increase, driving up its price. This would be beneficial for all STEEM holders as the value of their holdings would increase.

Secondly, it would increase the stability of the SBD. By burning STEEM, the value of SBD would be more closely tied to the value of the US dollar, making it a more stable currency for transactions on the Steemit marketplace.

Finally, it would provide a way for the Steemit community to actively manage the supply of both tokens. By using SBDs to buy and burn STEEM, the community could actively manage the supply of both tokens to ensure that they remain valuable and useful for the ecosystem.

Conclusion

Overall using SBDs created every day in the DAO to buy and burn STEEM would be a beneficial move for the Steemit ecosystem. It would increase the value of STEEM, increase the stability of the SBD and provide a way for the community to actively manage the supply of both tokens.

Thank you reading my post.

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