So on STEEM there are a couple of side projects, and the two that I am in are Nutbox and Robinia. Are these helping or hurting the overall price of steem. I seem to wonder sometimes, as they are net sellers of steem and use the proceeds to buy their own coin. In peanuts case they sell for tron and then buy peanuts, and in Robinia's case they sell for bnb and buy rbs.
It is probably a net negative for steem, but it does generate more activity, so we will have to wait and see if it is worth constant siphoning off of money.
I think it's a net positive. Without them the money wouldn't stay in STEEM at all...
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