STEMGeeks burn report - 43.3% ($489.25) burned this week - August 22nd

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 - 71.16450 STEM
  • @stemcuration curation rewards - 1381.739780 STEM
  • 50% Author Rewards Burned - 3386.172831 STEM
  • STEM burned for promotion - 5 Stem

Total Burned: 4,844.077111 STEM ($489.25 or ~43.3% (adjusted) of weekly reward pool)
This week represents one extra day.

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

Sort:  

How many calories do you generate when you burn STEM?

I hope this continuous burning activity is the reason for such a dramatic increase in the stem prices in the recent past. We can expect to get a good support at these levels now.

I hope this continuous burning activity is the reason for such a dramatic increase in the stem prices in the recent past.

It's not, most people have completely ignored STEM despite the fact it has amazing tokenomics and a lot of burning. The reason increase is due to this.

I completely agree with you on the aspect of tokenomics, I have a little bit of soft corner for science and maths and hence love stem community too. But there are very few who can contribute on this topic thats the reason probably common hive user is staying away

But there are very few who can contribute on this topic thats the reason probably common hive user is staying away

I disagree, STEMGeeks is open to everyone regardless of skill level. It doesn't need to be professor level content. Want to talk about a cool gadget, corona virus, new scientific breakthrough? They all valid, you could be teaching yourself programming and want to share what you have learned.

This is the biggest problem I have found with STEMGeeks, most people think it is STEMSocial and have extremely strict requirements for submitting and participating. I built STEMGeeks for layman and hobbyists in mind, although even more experience would be fantastic.

I am sure with the dramatic rise in the prices of stem, more people would get attracted and would start posting using this front end again.

I have been expecting and noticing that. I think after my game goes live, there will be even more.

 2 months ago Reveal Comment

Another weekly burn event of 4,844.07 stem tokens and glad to the value increase in stem ptices. I believe its because of the upcoming game but still, I feel STEM is highly undervalued. great work team