RE: STEMGeeks burn report - 89.2% burned this week - July 29th 2022

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I observed a nice price hike from 0.01 to 0.029 Hive, I think it might be the reason token were burned almost 90% of total pool rewards. Less supply more demand and keeps the ecosystem in balance.

99% of STEMM burned so just 1 % in the market, and I saw they were having an ask price of 9.9 Hive.

So, how will STEM distribute author/curator rewards once the reward pool is empty?

Thanks



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It's a bit more complicated than that.

While the weekly reward pool is being mostly burned, a lot of this burning is from rewards that were gained in other weeks (being sent to Ape Mining Club game). Most of the rewards are the 75% burn of posts that were not made on Stemgeeks.net, but there is a good amount coming from wallets that were gained previously.

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It means the token burn is not all from the reward pool but also from other sources contributing to stemgeeks.net.
Seems, very complicated to me, I should read the whitepaper to learn more about tokenomics. Thanks for the reply.

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