STEMGeeks burn report - 71% burned this week - August 21th, 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 - 36.20416 STEM
  • @stemcuration curation rewards - 1748.093496 STEM
  • 75% Author Rewards Burned - 5405.756352 STEM
  • APE Mining Club - 1166.58448 STEM
  • STEM burned for promotion - 19.11283 Stem

Total Burned: 8,375.751318 STEM (~71% 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 the burn tradition alive!!! Many people do not recommend to burn tokens, they say it is a waste of opportunities,, liquidity, etc. I think today the burning mechanism makes the token price stronger. We will have opportunities in the future for STEM tokens but maybe the time hasn't come yet. Any future plan you want to share with us?

The best token economics we have here on the HIVE blockchain. Let these STEM tokens burn keep coming. cheers