STEMGeeks burn report - 28.6% burned this week - April 24th

in LeoFinance2 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 - 43.588352 STEM
  • @stemcuration curation rewards - 913.593081 STEM
  • 50% Author Rewards Burned - 2632.982821 STEM
  • STEM burned for promotion - 4 Stem

Total Burned: 3594.164254 STEM (~28.6% 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 https://stemgeeks.net 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 with STEMGeeks

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Over the period of last one month, the burn % has gradually reduced from 37% on 2nd April to 33% on 9th to 30% on 16th to 28% for the current week ending 24th April. Even-though the prices are constant during this period the burning activity should be continued.

I am slowly and steadily working out my way to achieving 50K STEM Power. Can we not have a limited token supply as the new community proofofbrain. cheers

Compared to most tribes there are very few tokens due to low inflation and high burn.

I totally understand but currently, what's driving proofofbrain is the 21Mil. supply I guess. Also, do we have plans to having STEM token partner with vftlabs/musicforlife for staking STEM tokens? cheers

I am so excited to see this community and its progress. I am not sure i understand much of tokenomics, but i like this community as you get to read a lot of technical stuff on this which is not available on any other tribe of hive. The pricing of the token is ofcourse a great drive but is not the sole consideration to be here on the platform. I am sure the burning of tokens help to keep the prices stable.