dCity burns 75,000 STEM!

in LeoFinance2 months ago

The other day I was talking to Gerber from DCity, and we talked about the STEM event tokens. I asked if he would be willing to burn them as we originally talked about, and low and behold 75,000 STEM burned.

This is equivalent to almost 6 weeks of posting and curation rewards and represents a pretty significant amount of STEM.

If you look at the distribution of STEM, you start to realize how few STEM tokens are available to earn, purchase, and trade. With less than 7% inflation, and massive burns, there is a very limited supply.

Out of the 2,285,856 STEM tokens in our supply, 388,337 have been burned leaving only 1,897,519 tokens in circulation.

302,000 of those are on the STEMGeek's Team Curation account @stemcuration where all liquid curation rewards have been burned since day 1. These tokens are from the STEMGeek's team supply. All rewards earned by @stemgeeks community account are burned.

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 2 months ago 

When science convention price reduction in Dcity??

I heard soon. If it doesn't go too low, I was thinking about having lottery system when you start a science convention where you can win a STEM Miner.

 2 months ago 

I'm all for that.

Liquid STEM is getting tight.

75% staking shows a lot of confidence.

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 2 months ago 

I have been noticing that go up recently.

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Nice update. I need to get into the coin.

Out of the 2,285,856 STEM tokens in our supply, 388,337 have been burned leaving only 1,897,519 tokens in circulation.

Less coin in supply means high value of the coin...

Not always, but in theory

But I guess theis holds good for STEM...

I hope so!