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RE: Steemit Crypto Academy Contest / S5W4 - Token Burn
Thanks for the invite!
As usual, a great post from you.
I have a question. You refer to an interim period. How long is an interim period or until when is it expected to burn STEEM?
A question I was asked the other day and I couldn't answer it.
Burnsteem25 should be something that continues to reduce the excess of Steem tokens in the circulating supply until when Steem will be scarce when the inflation rate hits 0.95%, estimated to be 2031.
The amount of Steem that can be earned at that time will be very reduced to now, then it may not be too required to burn them through our posts again because the creation of the new tokens will be low then to create a supply-demand balance which will help the value of Steem to skyrocket. Thank you very much for reading my post ma.
Great answer! Thank you. 🎕
You are welcome ma. I'm sorry I am replying late, I have been very busy at work these days.
No problem. I didn’t expect you to reply 😊