Weekly Burn Report - 1.8% of this weeks STEM tokens burned!

in stemgeeks •  6 months ago 

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

There are 16,128 STEM tokens created for the reward pool weekly.

@stemgeeks author rewards 220.245 STEM

@stemcuration curation rewards - 14.288 STEM

@nostem4u author rewards - 0 STEM

STEM burned for promotion - 55.715 STEM

Misc Token Burn - 0 STEM

Total Burned: 290.248 STEM (1.8% of weekly reward pool)

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.

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Burning is good 👍