STEMGeeks burn report - 27.6% burned this week

in LeoFinance2 years 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 - 68.430390 STEM
  • @stemcuration curation rewards - 796.780814 STEM
  • 50% Author Rewards Burned - 2590.841010 STEM
  • STEM burned for promotion - 12.1 Stem

Total Burned: ‭3,468.152214‬ STEM (~26.7% 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.


I'm loving the Stemgeeks community. Frankly speaking, I have been following this STEM token Burn report for some time now and the way it's changing the STEM token economics is commendable. Have bought some STEMM miners and looking forward to buying some more. thank you

12 STEM burned for promotion..good to see it rising.

Keep on burning.. makes mine worth more

Posted Using LeoFinance Beta

Burning is a way to reduce the token circulation and it makes the token economy strong and more valuable. Stemgeeks is growing and I like the work that team is doing to take STEM to next level this year in 2021. I like Stemgeeks community.

The idea of a more or less free boost is brilliant. My post is already at value of more than 40 STEM, and will likely go higher. Since I only payed one STEM for the boost, and since one STEM is only worth about 2 cents, it more than payed for itself.