Contest and giveaways are pretty much a cycle of life when it comes to Steemit in general and to Steem monsters. As someone said of course it's a great way for those starting out to engage with people that have been around a while or to even learn by example some things they can do themselves to help progress in their Steemit journies. If they manage to win something here and there it makes them feel good and encourages them to continue on. It's little things like that, that can make a huge difference in supporting the longevity of this platform. I'm sure most of us have been at a point especially early on where we thought to ourselves is Steemit really worth it, I barely earn anything for all my hard work. But then something happens where you get a little freebie or you get some encouragement from somewhere or learn something new that's exciting and makes you want to keep going.
The first three months I was on Steemit I was making $0.00 to like $0.03 on my posts and wanted to call it quits a few times. But then I won a few things, started to take notes from people that were doing well and here we are about 4-5 months later and I'm doing well and love this platform and will likely use if FOREVER now.
On the other hand, giveaways and contests are also critically important to even the bigger, more experienced folks too because it helps you continue to grow your community of followers and also helps you continue generating more post rewards to buy new cards or conduct other giveaways. Between the initial post of the contest and the results post 7-8 days later, it's essentially two posts for the same contest that you can earn on. So it's a win-win situation for everyone. Plus it's cool to feel like you made someone's day to after they win something from your contests. Something so small can bring so much fulfillment and even make you some new friends in the process.
I like what you guys do, I support it, I'm right there with you guys and even somewhat stole your idea from your dosdudes intro post for the SBI giveaway...sorry...😜, but that shits fun and super worth it.