What you may not know about STEMGeeks and the STEM token

in LeoFinance4 months ago (edited)

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If you haven't checked out STEMGeeks, now is a great time to get involved. Full disclosure, STEMGeeks is my community and STEM is the token behind this community.

STEMGeeks is a proof of brain Hive-Engine tribe focused on STEM (Science, Technology, Engineering, Math).

But we already have STEMSocial!

STEMGeeks was created a few years ago when STEMSocial was STEEMStem and I decided to create STEMGeeks for a few reasons. I found STEEMStem more focused on Science than any of the other STEM topics, I also found their mission focused on professional and journalist quality publications. I wanted to build a community for anyone to be able to talk about STEM from the casual tinkerer to a professional educator.

STEMGeeks was built to allow anyone to have a discussion about STEM topics at any level and without pressure. While STEMGeeks is heavily monitored for abuse and spam, we allow all experience levels to participate without penalty provided they publish on topic.

Moderation

One thing I believe sets STEMGeeks apart from other tribes is the moderation. While we want to allow all skill levels to be involved in STEMGeeks, we do not tolerate spam and abuse and we have a strict rule of being on topic (i.e. Bitcoin price posts have nothing to do with STEM).

We have got to the point where I don't need to get involved in moderation often as the official curators and community have done a great job in allocating rewards to good content and not low quality content. In fact, I am very proud of this fact as you can see for yourself by looking at trending. Low quality content struggles to even get 1 STEM token from the community.

You can visit https://stemgeeks.net to check it out.

Hackathon

STEMGeeks was the creator of the first Hive Hackathon that raised over 12,000 Hive to reward participants. HiveOnboard was a result of the first hackathon and is used by almost every dApp on Hive to onboard new users to Hive.

The second hackathon I plan to be an even larger affair with focus on getting attention of audiences not yet familiar with Hive.

Tokenomics

When I created STEMGeeks, I wanted a token with low inflation and good distribution. I carefully chose the tribe parameters that would result in what I consider good tokenomics. I believe this has been achieved but I feel most haven't realized this or really know to what extent.

The STEM token currently has less than 7% inflation (currently around 6.6%) with a large portion of the weekly reward pool burned (~30%) bringing the inflation well under 5%. Compare this to other tribes with 20%-25% inflation and you understand when I say there are very few STEM tokens available.

Currently STEM is valued at around 0.03 Hive, making it very cheap to acquire and in my opinion greatly undervalued. This is due to the fact there is very little selling going on, but also at the same time not a lot of buying.

STEMGeeks uses linear rewards so you do not have to worry about timing your votes within a small window of time for optimal curation rewards or be concerned about "curation sniping". This allows people to vote with their heart on what they believe should be rewarded. Author rewards are split 50/50 with curators to encourage more organic voting and fair distribution between stake holders and authors.

There is also a slight curve on author rewards which helps prevent low quality content from slowly earning rewards and pushes popular content higher on trending.

STEM Curators currently earn as much as 108% APR curating on STEMGeeks.

When you factor in compounding, you can potentially see even higher returns. This is effected by how much stake is actively voting. Currently over 80% of STEM is powered up.

Every week we publish a post disclosing the weekly STEM burn amount which averages around 30% of the weekly reward pool.

Compare this to the small burns other tribes do once and a while. This burn consists of burning tokens from the following four activities:

This in the past has systematically reduced the already super low inflation making STEM tokens harder to acquire.

All this doesn't matter if you have poor distribution. STEMGeeks has a very balanced distribution with rewards being distributed well across all account sizes and not just to the select few.

This is what happens when you have low distribution with favortism to a handful of accounts.

You can see the top 20 stake holders here and what they hold. @stemcuration is our official curator account where liquid curation rewards have been burned weekly.

I am looking for a new official curator, so be sure to join our Discord Server to say hi.

I am currently working on Hackathon 2 ideas and I will make a post when I have something to share.

This is not financial advice and you need to make financial decisions that work for you. There is no performance guarantee these numbers represent the current situation only.

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 4 months ago (edited)

One thing I believe sets STEMGeeks apart from other tribes is the moderation. While we want to allow all skill levels to be involved in STEMGeeks, we do not tolerate spam and abuse and we have a strict rule of being on topic (i.e. Bitcoin price posts have nothing to do with STEM).

There's also a banjo command to help with this: $mod

So for stemgeeks, the command is: $mod stem

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In addition, if you're in the top 20, sorted by influence, the output of the command will take your votes and exclude them from the results. That way, the command will always show fresh results. E.g., a 1% upvote to "mark as moderated" will work.

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This community fills a need. Not all of us can write journal-quality articles very often. But many of us are interested in teaching math, choosing among competing technologies, or keeping up with advancements on a practical level. !BEER

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I like this STEMGeek tribe and where things are going! Keep up the good work! Hackathon 2.0 its gonna be amazing , I cant wait to see what the talented coders on the chain come up with.

I like STEM tokenomics.

And you forgot to mention the STEM miner which is my favorite part lol..

I have 22 staked in one account and 66 in another. Good passive income.

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Awesome concept! Forgot to add that tag lately.

You have a small typo here, @themarkymark:

While STEMGeeks is heavily monitored for abuse and spam, we allow all experience levels...

By the way, the only thing I don´t like is the frontend which seems stone age and hurts the eyes. Since I am used to peakd and it´s post editor, writing posts on the tribe is torture. But writing on peakd and then just c&p to steemgeeks before posting is a workaround.

I have to admit that I really didn't know anything the STEM token, despite having seen it (and earned a little bit here and there during my HIVE activities). But it sounds like a POWERFUL project with conscientious tokenomics, and the niche itself is highly undervalued... especially right now during this epic abuse of STEM principles. Thanks for pushing it into the spotlight for a moment. I'll definitely take a closer look and get involved. Props! :)

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I have always seen Stem as having the ideal way of keeping value in the token. Abuse is not tolerated which tells me the ones who have stake know there will be no dumping going on and why I just stake whatever Stem comes my way. At some point I see Stem being double or triple where it is now.

Awesome stuff! I'm looking forward to begin posting in the community.

I need to start creating more articles around this community. I've been earning some from mining and a little bit of curation but not so much on the writing front as I don't feel my current articles fit within what this community is about?

Going to start devoting at least 30 minutes a day though to reading and commenting to start out.

Sounds interesting Tokens , and I support the original content. Keep up the good work!

Very great work by you , you've really gone a long way working on the stem community , well done !
Thanks a lot for all the curations and rewards you've given to the community .
I am currently working towards buying large quantity of stem tokens because I see prospects in that token from my observation .
I am also very glad to join the discord server . Thanks for the opportunity!

Hmmm.... Are medical posts allowed in STEMGEEKS?

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If it is science related, yes.

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Medicine is science so yeah I guess I am welcomed.

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STEMGeeks uses linear rewards so you do not have to worry about timing your votes within a small window of time for optimal curation rewards or be concerned about "curation sniping". This allows people to vote with their heart on what they believe should be rewarded.

Hive should also work like this. And without the automatic curation. The natural, genuine interaction would be on proper level. But the automatic curation really ruins everything. Many curators do not even see the content they curate because of the automatic curation.

I've known of STEM for awhile and looks like it's a place for dare I say it..... "actual proof of cerebral activity?" ;)

I love the professional graphs and explanation of what exactly is expected or what the actual details are.
This is how you do eeeet.


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Is it only medical post that are allow on the Stemgeek post


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No, Science, Technology, Engineering, Math.

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I do like the stem token but i dare not post in the forums as it seem way above my understanding.

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Definitely keen to get involved in the next hackathon!

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I have been waiting for this for a long time, finally I can work again on STEM. In Steemit, I was a member of the SteemSTEM community from Indonesia. I write about Integrated Farming and many of my posts are curated. I just found out now, behind all that you are the person. Thank you very much. i will visit now. Full Gas

I started posting on STEM recently and I'm really enjoying it. I hope to be more active there from now on!

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This community is one more proof of the changes that should be made at a technical level in Hive, since the reward system of 50/50 and at any time you vote you receive the same reward, is fair and also promotes the purchase and that users bet what they invest.

If hive would do the same, I say that the price of hive would rise even more than what we see today, but as long as they continue to have the steemit mentality, we will never progress.

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Hive is 50/50.

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Well, thanks for telling me, but there is still the problem of the race to vote first or using a time window.

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Hard Fork 25 (which is due next in around a month from now) will mostly eliminate that problem as well. All votes in the first 24 hours are as if they were made at the same time.

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That would be really incredible.

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I have been posting on Facility Management, which is mostly building maintenance. The work is tangentially STEM-related as it involves the use of technologies and engineered products. The job itself requires knowledge of electrical systems, plumbing, roofing systems, HVAC systems, landscaping, and so much more. If my post is more about management or non-STEM topics, I tend to not tag under STEM. I hope I my posts are acceptable to the STEM community.

I'm thinking about sharing my diplomas in stem. I don't work using those diplomas anyway and I'll be happy to find time to share what I learned in my thesis !


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Hey @themarkymark, here is a little bit of BEER from @fiberfrau for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

STEM is promoting Pseudo science, not real science... so the tribe is complete garbage and BS.

Earth is flat.

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We have real science on LasseCash, not that its our main focus, but its the best in the world still!

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Your delusion knows no bounds

Here we go again.

you mean "boundaries".. see I have to correct you all the time.

The world is the opposite of what you think you know, and yes it took a long time to figure that out for me... and most people dont know and jadajada...

Earth is flat, get it in your head or waste your life!

I know you are a simple man with a delegate constitution but you really need to get yourself an education.

B3D751D7-892A-4EF1-B2C1-C633059D799C.jpeg

Ok I didnt know that, and it didnt come up when I googled it... my first language is Danish, I used English a lot for more then 20 years, thats why I can speak so well... but there are a lot of expressions and stuff I dont use on English,.... mine is more of a world accent with a business twist and with a lot of (for you) alternative truths..

I came up with this forinstance: ICO = I SEE O = I see a nobody... since ICOs was pure BS!

I have many alternative uses of the english language like that!!!

I have more Education then you can imagine! DUDE!

I have more Education then you can imagine!

Oh man I thought I was the one that told jokes.

No jokes here, you are too brainwashed anyway,, you would not get my joke, if I tried.

Says the one as bright as a solar powered flash light.