STEMGeeks burn report - 22.6% burned this week

in LeoFinance2 months ago

STEMGeeks has burned all the author rewards on @steemgeeks and curation rewards on @stemcuration.

There are 12,550 STEM tokens created for the reward pool weekly.

  • @stemgeeks author rewards - 89.389564 STEM
  • @stemcuration curation rewards - 807.578993 STEM
  • 50% Author Rewards Burned - 1932.443508 STEM
  • STEM burned for promotion - 2 Stem

Total Burned: 2,831.412 STEM (~22.6% of weekly reward pool)

Get more author rewards

Post from and get full STEM author payouts for your posts. Posts made on any other front end will only receive 50% author rewards.

STEM curators making as much as 179% APR with linear rewards!

Are you missing out?

Linear rewards are now enabled!

20% of the reward pool goes to STEM Miners?

99% of the miners have been burned. Do you have any?
If you like passive income, STEM Miners have you covered.
You can grab some on Hive Engine.

There are a limited number of STEM Miners available.

Promote your posts by burning STEM to @null

Send STEM tokens to null with a STEM post in the memo. This will push your post above all others as a promoted post. It takes very little STEM to do this and be placed at the top as there is little competition for this feature right now.

By using STEM for promotion you reduce the STEM token supply increasing the potential value of the token.

Posted Using LeoFinance Beta


2,831.412 STEM burn this is another milestone to add value to STEM. Keep up the good work team.

2K+ STEM tokens burned that's impressive. Slowly and gradually building my STEM tokens portfolio. I'm currently 4 STEMM miners short reaching 100 STEMM miners..currently staking 96 of them and earning good amount of STEM tokens.. Go STEM Go.. Cheers

We have finally reached less than 2000 Burned for author rewards , good .

 2 months ago 

20 some percent seems to be the norm.

 2 months ago 

Yeah, it does seem to be. I do see more people using the front end, but not a lot.
Maybe it is time to change it to 75% burn for off-site content.

I support that. 75% is good for both the token as well as the community.

Btw are you purchasing the STEM using ad revenue generated and burning them? If not , how else are you using the ad revenue?

What ad revenue.
Do you see ads?

I never realized it till now lol . Btw why aren't you displaying ads ?

  • I'm not a fan of ads
  • Most people have ad blockers
  • There isn't enough traffic to have significant ad revenue
  • Buying back tokens isn't a sustainable business model, potentially not even legal
  • I already massively burn inflation, inflation that is lower than other tribes sometimes by a factor of 300%+

4th and 5th makes much sense . Thanks for taking your time and clearing it.

 2 months ago 

I’m okay with that.