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RE: Steemit Crypto Academy Contest / S5W4 - Token Burn | by : @waterjoe

in SteemitCryptoAcademy2 years ago

For price stability in the market to be guaranteed, it is important to keep the supply of Steem tokens circulating in the crypto market reduced by burning 25%

Burning of tokens is not the sole factor that determines price and therefore we can't say that burn25 will guarantee price stablisation but is likely to have some role over long term. It won't be as effective as burn function in other tokens where supply is limited beciase of unlimited supply of steem .

Good luck

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Thank you so much for giving a nice comment.. :)

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