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RE: Steemit Crypto Academy Contest / S5W4 - Burn Token

Hello friend,

Token Burning us a very important factor behind the growth and maintenance of an ecosystem. Sending the tokens to the dead wallets, reducing the supply and improving the demand is very much beneficial.

The burnsteem25 company that has been encouraging most steemains to set their out come of an individual tokens to 25% to @null. And that @null account has no private key as it is in the definitions above.

Yes, this wallet is actually the dead wallet if the Steem Blockchain that can be used for the burning if Steem tokens. Users can add beneficiary, send directly to this address for burning purposes.

It has no private key because it in unaccessible for anyone. Well written post, good luck for the contest ahead.