Tutorial post: Let's learn about #burnsteem25 project.

in Steem For Bangladesh2 months ago (edited)
🫡ASSALAMU ALAIKUM🫡

This is @shadow04
From #bangladesh🇧🇩

🥰Dear Steemians🥰

How are you all I hope you are all well by the grace of Almighty Allah. Alhamdulillah, by the grace of Almighty Allah, I am also very well. Today I am here with a tutorial post, where I will tell you about burnsteem25. So let's get started,,,

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First let's know, what is burnsteem25 and how do we use it?

In plain and simple words burnsteem25 refers to burning 25℅ of the rewards received from our shared posts into steem.

We all know that currently the price of steem is very low. As a result, the money earned by working on steem may seem less to the users. Therefore, we have to join the burnsteem25 project to play a leading role in increasing the price of steem token.

One thing we need to know here is that the Steemit platform is based on blockchain. That is, every day automatically a certain amount of steem is generated and added to the platform. According to the system of steemit blockchain, a certain amount of steem is created from new steem tokens through the inflation rate, and according to an investigation in 2020, this inflation rate was determined to be 9.5%. That is, new steem tokens are generated at a rate of 9.5%. However, this rate decreases every year.

So, so many new tokens are coming to the market but there are not enough buyers to buy them, so the amount in the market increases compared to the demand of steem tokens. And, naturally, if the amount of a token in the market is more than the demand, the value of that token goes down a lot. And for this reason, the price of our favorite steem token has also decreased a lot.

And so, if we set the beneficiary of 25% steem tokens from steem earned from our post reward to @null account, as soon as the post reward is paid out, 75% of the reward met amount will go to our wallet and 25% to @null account, it will be automatically burned. As a result, the price of steem token will increase slightly due to the decrease in the supply of tokens in the market.

Steps to get started on burnsteem25 project.

You need to go through a few simple steps to join the burnsteem25 project. They are mentioned below:

• In the first step you will see an option named advanced settings under tag option after doing everything right to submit a post. You simply need to click here.

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• After clicking on the option, you will see two boxes below the text Who should receive any rewards. where 100%is mentioned in the left box and your name is mentioned in the right box. Click on the text called add account in the green color under the two boxes.

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• After clicking on the text you will see two more blank boxes in front of you. Now write 25 in the left side of these two boxes and write @null in the right side box and click on the save option below, you will be able to join the burnsteem25 project successfully.

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Hope if you read the whole post carefully you will get a good idea about the benefits of joining burnsteem25 project and how to join this project. Hope newbies will get some ideas from this post. Anyway, thank you very much for taking your valuable time to read the post.
🔰 Thanks for your time🔰

Thanks by,,
@shadow04

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I also think about the BurnSteem25 project, so I’m glad you posted about it today! Your tutorial is really helpful in understanding how it works and what it aims to achieve.

If someone gets a little benefit from my post, it's a big achievement for me.Thanks for your valuable feedback.

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