STEMGeeks burn report - 34.8% burned this week - July 13th

in LeoFinance5 months ago

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

There are 12,550 STEM tokens created for the reward pool weekly.

  • @stemgeeks author rewards - 48.384085 STEM
  • @stemcuration curation rewards - 1,337.311025 STEM
  • 50% Author Rewards Burned - 2,968.390452 STEM
  • STEM burned for promotion - 10 Stem

Total Burned: 4,364.085562 STEM (~34.8% (adjusted) of weekly reward pool)

STEMGeeks is turning 2 years old on July 18th, 2021. This event will further reduce the STEM reward pool inflation from 12,500 STEM tokens/week to 11,190 STEM tokens/ week.

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.

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Great work done stem team with the burn of 4,364.08 stem tokens. With each event, token is getting more value with supply reduction. Way to go.

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