STEMGeeks burn report - 36% burned this week - August 14th

in LeoFinance2 months ago

STEMGeeks has burned all the author rewards on @steemgeeks and curation rewards on @stemcuration.

There are 11,1190 STEM tokens created for the reward pool weekly.

  • @stemgeeks author rewards - 18.486813 STEM
  • @stemcuration curation rewards - 1237.526303 STEM
  • 50% Author Rewards Burned - 2765.034017 STEM
  • STEM burned for promotion - 11.154 Stem

Total Burned: 4,026.047133 STEM ($388.63 or ~36% (adjusted) of weekly reward pool)

STEMGeeks is 2 years old! This means the weekly inflation has been reduced to 11,190 tokens.

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.


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

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I'd anticipate alot more STEM being burned as alot more authors just use STEMGeeks tag. Its an ingenious idea, I just fear that if you're like me the front end doesnt work.

Ive managed to get around it by posting first on this front end and then editing in PEAKD or Ecency and adding images.

Worked the other day, will that impact Author rewards?

No, as long as you created it on STEMGeeks.
Have you tried just using IMGUR links?

It only happens on STEMGeeks.net?
Do you have this problem on Leo, ProofofBrain or any other site?

It happens on all front ends of this form, it started happening back in Steem days which is why I disappeared. Something changed then couldn't upload images.

PEAKD and Ecency is fine. Leo Finance likes some uploads and not others which I have no idea. Using imugur requires me to upload to another site and imbed in post?

Im guessing I would have the same issue on Hive.blog front end too. I haven't tried.

My gut feeling it is one of two things.
Hive Image Hosting, or CloudFlare that is sitting on top of the Hive Image Hosting.

Reason PeakD works is you are uploading to Amazon as PeakD runs their own Amazon S3 bucket for images and only uses Hive Image Proxy for dynamically resizing images.

I've seen this issue with some people in other countries.
Viewing images are not a problem?

Viewing doesn't appear to be an issue but at times I do get a broken image where a picture is.

Another week and another burn event.
4,026.04 STEM tokens worth $388.63 is a very good amount and the current stem price has shown good growth. Great work done stem team

That is some big fires you starting there, hope u wearing protective equipment! !PIZZA


@stemgeeks! I sent you a slice of $PIZZA on behalf of @stickupboys.

Learn more about $PIZZA Token at hive.pizza (12/20)

 2 months ago 

36%? That percentage could go up soon.

It's going to be huge especially with APE. Im guessing we need liquid STEM to burn.

 2 months ago 

Oh, you'll need a lot of it.

Yup, starting to BUIDL and buy. Although buying hurts now but will hurt more in the future.