STEMGeeks burn report - 65% burned this week - November 13st, 2022

in LeoFinance3 months ago

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

There are 11,775 STEM tokens created for the reward pool weekly.

  • @stemgeeks author rewards - 30.728303 STEM
  • @stemcuration curation rewards - 1929.743648 STEM
  • 75% Author Rewards Burned - 6064.150718 STEM
  • APE Mining Club - 2800 STEM
  • Burned for post promotion - 2.716745 STEM

Total Burned: 7,579.1375898 STEM (~65% of weekly reward pool)

We continue to burn all our author and curation rewards on our official accounts.

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.

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


Keep going friends, keep grinding, no bear market, no CEX crash can stop us.

Impressive burn report..Let the STEM token burn keep coming..with these burn mechanics in place we have the best tokeneconomics here on Hive ... Cheers

Even though the burn is massive we need to be above 100% preferably 200% for a while :)

And is going to be difficult. Need to think of other Burning ways.. Maybe 100% burn if posting from other portal other than stemgeeks.. cheers