STEMGeeks burn report - 26.5% burned this week

in LeoFinance4 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 - 183.214865 STEM
  • @stemcuration curation rewards - 787.781126 STEM
  • 50% Author Rewards Burned - 2,348.536846‬ STEM
  • STEM burned for promotion - 3.782405‬ Stem

Total Burned: 3,323.315242 STEM (~26.5% of weekly reward pool)

Just 5 days ago we also burned 6+ weeks of inflation.

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.

STEM curators making as much as 179% APR with linear rewards!

Are you missing out?

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


That's great. I guess we should be moving to burn 75% of authors' rewards; if posted via a different UI other than Stemgeeksplatform UI. Slowly building my portfolio of STEM tokens approaching 10K STEM tokens powered-up soon. cheers

3,323.31 STEM tokens is quite a good amount and hope more people prefer to use stemgeeks UI for posts. This is going to add value in token economy and I STEM as a next growing token on Hive.

Each burn event is adding more value to token price. good work @stemgeeks team