Another 157,000 STEM Burned

in LeoFinance2 months ago

As mentioned a couple of weeks ago, we are unstaking all STEMGeeks team tokens created from the initial supply. We have been burning all liquid tokens since the creation of the tribe.


Today we burned 157,000 STEM tokens. These tokens are part of the unstake of the official curation account @stemcuration. There is just over 300,000 STEM tokens still being unstaked.


This pushes our total burned over 60% of the supply.

Our goal is to remove all STEMGeeks team tokens received from the initial supply and through curation rewards over the last three years. I had no plans on putting them on the market and I feel it is a good time to leave curation to the community. This will drastically reduce the circulating supply and give all users more influenced with their own STEM tokens.

While I can't make any promises with the remaining STEM tokens being unstaked, I will post an update when they are unstaked with what I plan to do with them.

Posted Using LeoFinance Beta