STEMGeeks burn report - 26% burned this week - July 5th

in LeoFinance4 months ago (edited)

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 - 69.949049 STEM
  • @stemcuration curation rewards - 1906.350055 STEM
  • 50% Author Rewards Burned - 4034.207559 STEM
  • STEM burned for promotion - 25 Stem

Total Burned: 6,035.50666 STEM (~26% (adjusted) of weekly reward pool)

This post is almost a week late, so I adjusted the percentages to represent an average of 7 days.

We have recently burned 1 million STEM tokens of the @nostem4u anti-abuse while retiring it's service.

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.

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


Total Burned: 6,035.50666 STEM (~26% (adjusted) of weekly reward pool)

6k token volume is quite big and with each burn STEM token economics is getting better and thanks for doing the great work stem team.