STEMGeeks burn report - 54% burned this week - August 13th, 2022

in LeoFinance7 months ago

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 - 33.513691 STEM
  • @stemcuration curation rewards - 1301.821898 STEM
  • 75% Author Rewards Burned - 3921.911621 STEM
  • APE Mining Club - 1129.58448 STEM
  • STEM burned for promotion - 0 Stem

Total Burned: 6,386.83169 STEM (~54% of weekly reward pool)

We continue to burn all our author and curation rewards on our official accounts.

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.

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


The STEM token is still one of the strongest tokens in the Hive-engine ecosystem. Buy as much as you can

I just checked the price action in Hive Engine, it spiked to 0.19 Hive and then a recent transaction made it to 0.01 again. It is up to the sellers to set the price, but, if it increases because of burning the tokens, sellers should increase the ask price to get at least 25% more in profits, but it seems they just lost the opportunity.

All the best.

love seeing these Burn reports. We would definitely, see a day when the STEM token take a bull run. Until, then keep accumulating and investing. STEM to the moon. cheers