Yet Another 157,000 STEM Burned!

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As mentioned a couple of weeks ago, we are unstaking all STEMGeeks team tokens created from the initial supply. We have been burning all liquid tokens since the creation of the tribe.

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We burned another 157,000 STEM tokens. These tokens are part of the unstake of the official curation account @stemcuration. There is just over 157,000 STEM tokens still being unstaked.

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This pushes our total burned over 62.5% of the supply.

Our goal is to remove all STEMGeeks team tokens received from the initial supply and through curation rewards over the last three years. I had no plans on putting them on the market and I feel it is a good time to leave curation to the community. This will drastically reduce the circulating supply and give all users more influenced with their own STEM tokens.

After all the unstaking, I will put out an updated transparency report that summarizes where the initial supply stands.

While I can't make any promises with the remaining STEM tokens being unstaked, I will post an update when they are unstaked with what I plan to do with them.

Posted Using LeoFinance Beta



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