STEMGeeks burn report - 33.2% burned this week - April 10th

in LeoFinance6 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 - 60.803120 STEM
  • @stemcuration curation rewards - 1255.637665 STEM
  • 50% Author Rewards Burned - 2847.906545 STEM
  • STEM burned for promotion - 3.1 Stem

Total Burned: 4,167.44733 STEM (~33.2% 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.

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STEM token is my favorite token here on the HIVE blockchain. I'm all in & have been buying STEM tokens with all my passive and other income.. converting HDB to HIVE and buying all STEM tokens.. Let these #burn of STEM tokens keep coming. Cheers

Its an interesting post that i look forward every week. The reason is very simple. The more you see the tokens getting burnt, more is the possibility of increase in demand and more will the prices grow up. This week 33% burn rate is a decent amount and in line with previous burns.

It's great to see good sensible tokenomics. This is one thing most cryptocurrency projects lack.