STEMGeeks burn report - 27.9% burned - March 4th

in LeoFinance2 years ago (edited)

REPOSTED as original didn't post.

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 - 105.848043 STEM
  • @stemcuration curation rewards - 1075.968424 STEM
  • 50% Author Rewards Burned - 2318.755672 STEM
  • STEM burned for promotion - 7 Stem

Total Burned: 3,507.572139 STEM (~27.9% of weekly reward pool)

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.

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


This is a good idea to encourage more number of people to burn their stem tokens as you would be rewarding their posts again.

Posted Using LeoFinance Beta

I just bought 5 of the miners. Nothing huge but, it's a start. I love this front end. The information I read on here is always fascinating. Once this Leo stuff settles down I hope to spend a little more time here.

Good to see the STEM token burn.. But I am not able to understand why is the price of the token going down...we have the best token economics here on the blockchain, but still the token price has been taking the beating... I am staking all my STEM tokens and taking this as an opportunity to buy and curate as much STEM tokens I can...cheers

 2 years ago 

Demand is a separate issue. Also, rising prices of HIVE seems to affect the token price. Just goes to show that we still very much measure things in fiat.

Wanna to ask a question
Do You Consider crypto posts #technology
or should not use stem tags on posting crypto

Posted Using LeoFinance Beta

 2 years ago 

Unless you are talking about the underlying technology in detail, crypto posts do not fall under STEMGeeks.

Impressive that you keep burning so much.

That is how you manage the circulation of the coins. Incentivizing to burn the tokens is good way to control