STEMGeeks burn report - 34% burned this week - Feb 6th, 2024
STEMGeeks has burned all the author rewards on @steemgeeks and curation rewards on @stemcuration.
There are 11,775 STEM tokens created for the reward pool weekly.
- @stemgeeks author rewards - 37.711692 STEM
- 75% Author Rewards Burned - 3766.99172 STEM
- APE Mining Club - 187.586554 STEM
- Burned for post promotion - 0 STEM
Total Burned: 3992.289966 STEM
We continue to burn all our author and curation rewards on our official accounts.
All STEMGeek's official stake is being unstaked
Read more here
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 enabled!
20% of the reward pool goes to STEM Miners?
99% of the miners have been burned. Do you have any?
If you like collecting STEM passively, 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 InLeo Alpha
Why so much burning?
#sbi-skip
To keep the tokens in the hands of those participating in the community.
I was going to suggest maybe using that to fund a community project instead, but it is only about $14 a week. Maybe that would be enough for a community minecraft server lol. Probably just better to burn.
#sbi-skip
That just adds needless sell pressure.
We did a community minecraft server, no one joined.
Always easier to add sell pressure than buy pressure, unfortunately.
As for the minecraft server, I would join one...and then lose interest in a week.
#sbi-skip