We did a little house cleaning and burned some tokens. As promised, we have been burning all author rewards on STEMGeeks account and our liquid curation rewards on STEMCuration.
We also reduced the sell well by around 10% by burning off some STEM tokens.
100,000 STEM burned off the sell wall.
We have issued and burned a lot of tokens, drastically reducing the supply.
As of right now 42.47% of all issues STEM tokens are staked.
I have been giving it some thought to create a wrapped STEM token similar to what LEO is doing. What do you guys think?
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Sure, why not? Everyone is doing it.
But, wouldn't that require a lot of promotional work or are there more people in on this already?
It would, but doesn't everything these days?
Looking forward to it.
Excellent! the wrapped STEM token is a pretty cool idea for sure.