WHY YOU SHOULD BURN STEEM 🔥🔥 ? #newSTEEM !

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From a very long time the rewards pool here upon STEEM blockchain has continuously been increasing with each and every time the upvote mana bar is used and that has been one of the reasons why the price of STEEM and been readily reducing.

So how can we deal with the situation and figure out a way out of this ?

A very easy solution is available which each and everyone on STEEM can do ! Well any guesses guys ?

We can BURN STEEM !!

Burning your STEEM tokens is a very easy process and can prove to have a great impact overall and your effort can be very effective.

Okay, so what does Burning STEEM really mean ?

Whenever any amount of tokens are sent to @null upon STEEM burns your tokens and reduces the amount from the entire supply of the tokens which reduces the ever increasing inflation rate of STEEM.

What are the positives of burning our lovely token ?

The first and foremost impact will be upon the price of the token, if we are able to fight with the inflation rate then we will be to pump up the STEEM token price.

Secondly we will create a scarcity situation if the supply drops significantly and would result in increase in demands which would also push the price up.

We all keep on talking about the low prices our STEEM every day, but have we thought what should be our responsibility towards making STEEM reach higher levels ? What Should be done ? How To Make Our Efforts Count ?

It's never the late until you're too lazy to act !

Burning STEEM is a very easy process guys ! In case you're not aware how it's done. Don't worry. Have a look below :p

STEP 1

GO TO https://steemitwallet.com and login with your credentials.

STEP - 2

Hit TRANSFER with the desried funds to be burned

STEP 3

Enter @null in the to section of the pop up and fill in the amount.

STEP 4

Perform the transaction.

BOOM !

You've just burned STEEM. That amount gets reduced from the total supply and gives STEEM a chance to become scarce.

This is the responsibility of each and everyone of us to burn a tiny fraction of our earnings to @null and at the same time dapps too should stand up in this move, we know that @threespeak have already started to contribute in the #STEEMburn initiative. If we all are into this task then our small efforts can sum up to be a very huge one and can result in real big outcomes if we think about the entire crypto market with respect to the amazing technology we have and at the same time the great deal of raw talent.

A number of communities have been making people aware of burning STEEM to @null and the positives it come up with. We must seize the opportunity and give the effort which is needed towards making our chain a cut ahead of everyone else. If we can bring up our price then it's quite evident that we're gonna rise to many new height as with the rise in prices we provide ourselves a platform and a curiosity in people's mind of why STEEM is so costly and would check us out, making our popularity rise and pushing us up through the ranks in the cryptocurrency world.

We are built on a blockchain ! We are having CREATORS ! We are having people who reward CURATORS ! We are the first decentralized social media !

So why not making us worth what we should, and put ourselves into the limelight, which is POSSIBLE ! All we need is a teamwork !

Let us do it guys ! We can do it ! Ultimately it is gonna be us who will be benefitted with the revolution. Look, the reward pool is growing each moment so why not help it stabilize with burning it down ??

Do lemme know your opinions below :)

Also Check Out -

@SinghCapital

Who's SinghCapital ?

He's a person who is willing to shower support on creators and people who deserve and educate people about crypto tech and aspired to serve a lot more to people with amazing upcoming projects

Know Him A Bit Better ~
https://steemit.com/steem/@singhcapital/hello-steem-singh-capital