You are viewing a single comment's thread from:

RE: Contest Alerts: Active Contest List on 24th May 2022 – Win 800+ STEEM & Booming Support

in #contestalerts • 3 years ago

Can we have a post of comprehensively explaining about the erect of steem burn

I do agree with the burning of steem because of the consensus mechanism pob, bcos token/coin built on this are doing well

But the case for steem, I dont quite understand a lot, i only understand that burning will warrant scarcity and that will see to the increase in value of steem

Now i ask
Is that all to it or there is more that we need to know?

3 years ago in #contestalerts by
$0.03
  • Past Payouts $0.03
  • - Author $0.02
  • - Curators $0.02
1 vote
Reply 4
Sort:  
  • Trending
    • [-]
     3 years ago 

    This post and its comments are worth a read if you haven't done so already - https://steemit.com/steem/@remlaps/steem-post-promotion-past-present-and-future

    And yes, simply put - market cap = total tokens * price. If we reduce the number of tokens and the market cap doesn't change, then the price will go up.

    $0.00
      Reply
      [-]
       3 years ago 

      Thanks
      Now I understand and I will feed my eye with the link you recommended
      Thanks

      $0.00
        Reply