The promotion feature matters mainly because it burns Steem and increases the value of Steem. The problem is that it isn't useful enough to really encourage people to use it. Steem is inflating annually so the more incentive we give to burn it, the more effectively it will scale.
So it's clear that burning Steem is useful and I've even seen projects where people are just burning Steem for the sake of the value it helps with. BUT, why waste your hard earned Steem and get nothing out of it? I previously found a great project where this individual
proposed 
here: https://steemit.com/steemit/@nextgen622/how-to-make-the-promote-function-on-steemit-popular-again-introducing-promocurator
It was a great concept, but the author refused to really work at the project unless they had at least 3k of delegation so it died because there wasn't enough awareness and no proof of concept that your delegation would do anything. SO I am trying to reboot this project and see if there are any people who would want to try to do this with me or if someone is doing this and you can help point me in their direction to lend a hand.
I really think that bringing back the promotion feature is a great idea and having a really focused curation trail for it would encourage people to burn Steem even if for selfish reasons (and it will still benefit everyone). The difference being that only quality posts would get boosted after being promoted.
Next Steps
I want to see what people think of this and garner some support for the idea, then take it from there. I really think this would be beneficial for everyone. It would improve the native features of Steemit as well as improve the value of Steem so win-win.
I mean just browsing through promoted I can see there are definitely some decent posts here and we should reward people for burning Steem who have quality posts. This is similar to the opposite of bid botting. Instead of earning people's money, we are encouraging they burn theirs making all the Steem more valuable which means whales have more valuable coins and minnows are able to earn more from upvotes!
So for now, this is just a concept similar to what the other author had come up with however if no one is willing to help I will still try to start this project on my own. Let me know what your thoughts are and let's earn and win together!
If this really gets some traction, I will make it an official witness project of mine and really push for this!
Every Week I Do A Giveaway
For all my posts, I collect the resteems, comments, and upvotes made on my posts the last week and use a https://snackaholic.github.io/steemfortune/en/ by 
Last post here: https://steemit.com/giveaway/@scottcbusiness/weekly-post-engagement-giveaways
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We have lists of other servers, upvote bots, promo, discussion, contests, faucets, and everything you can think of!
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https://discord.gg/3b5jk37