DECEMBER STEM Burning by @stemgeeks - Why the authors are wasting STEM ?
Good morning to everyone , I hope you are having a good day .
This post will give you an insight of STEM burning in the month of December 2020.
To begin with , STEMGeeks.net is a community under Hive Blockchain which focuses on Science , Technology , Engineering and Mathematics .
Founder is @themarkymark.
Let's see the numbers -
December 6
50% author reward burning takes a lion share just like in later weeks too.
The curation reward for @stemgeeks account is just amazing .
December 13
The Curation rewards is less compared to the 6th December burn . Author rewards is exactly the same . STEM burned for promotion is 9 ( which is the highest for December ) but still it is too less.
December 21
Although 50% Author rewards hasn't decreased , the curation reward has increased almost 2x . On the other hand , no STEM has been burned for promotion at all in this week.
December 28
Similar pattern , nothing unusual.
STEM Burned for promotion
Well it is pretty clear not a lot of authors are burning the STEM for promoting their posts . I think this is a mistake because well I will promote this post for just 1 STEM and make it visible to lot of users than not promoting it . I say promoting the posts makes sense because of lack of competition right now , get your posts good visibility by burning a minuscule amount of STEM , it is an opportunity utilize it.
50% Author rewards burned
You will get 100% author rewards only if you post it from the STEMGeeks.net front end otherwise you will get 50% author rewards . Read more about it here
Well if we look at this chart , we can easily say that lot of authors are losing their STEM just by posting from other front-ends . The sad part is the trend isn't decreasing week by week . I think more awareness is needed on this part .
Total amount of STEM burnt this way in December alone , as you can see , is over 10,000 STEM which is 2000 HIVE at current price = 0.112$ * 2000 = 224$ .
But on the bright side , if the supply is low , it is good for the coin :)
Note: All the data is retrieved from the posts by the official account - @stemgeeks, the charts are created by me.
Interested in seeing more data and charts ?
Well here is the recent one for INDEX token - https://leofinance.io/@amr008/index-data-and-charts
This is for @lbi-token - https://leofinance.io/@amr008/lbi-data-and-charts-200k-by-jan-1st
I love charts too :)
Regards ,
MR .
Posted with STEMGeeks
Do Marky pin some kind of message for this penalty?
I guess they are happy to remove the supply.
Well I saw the message from the burn report posted by @stemgeeks and then couple of my comments posted from other Front-ends didn't receive full payouts . That is how I came to know about it.
But yeah now I am just trying to create awareness about it .
A few posts were made, the community was polled and I brought it up a few times in discord.
This burn penalty is win win in both cases. One who is using it , means bringing traffic and a dedicated user (sort of). One who is not using is providing content with burn mechanism.
Absolutely but since all the other tribes isn't following this method , we should inform the users of STEMGeeks now and then .
Leo do not put this penalty in comments and I think neoxian also has same penalty.
leo has 10% penalty
STEM is very specific community ...
I see a lot of overlap with leofinance and stemgeeks - I think people would rather take the leofinance 'bonus' for posting using their frontend and lose out here. I've not done the math, but the leovoter (I think) account has a fair amount of HP and LEO, and I suspect that this outweighs 'losing' 50% of author rewards here.
Which method do you prefer though ? Having a curating account to upvote those who post from our Front-End or punishing with 50% cut for those who doesn't use our Front-End?
That is a valid case and you also get the tag hunters who don't post from a particular front end but use as many tags as they think they can get away with from the one they do use. I find that a little annoying
Absolutely . This is one of the best ways to keep them out of here - the other being downvoting.
Yeah, I do that a fair bit. Otherwise it all descends into chaos