Weekly Burn Report - 2.5% of this weeks STEM tokens burned!

in #stemgeeks5 years ago

STEMGeeks has burned all the author rewards on @steemgeeks and curation rewards on @stemcuration.

There are 16,128 STEM tokens created for the reward pool weekly.

@stemgeeks author rewards 295.445 STEM
@stemcuration curation rewards - 58.3137 STEM
STEM burned for promotion - 41 STEM

Total Burned: 394.759 STEM (2.5% of weekly reward pool)

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.

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I am going to have to set up a dedicated STEM account. I have received a number of the tokens without selling.

It is time to start curating on there.

It is very common to have a dedicated account for every tribe. Due to the complexity of having multiple voting bars that are extremely inefficient on a single account, it is almost required.

Not a big fan of this to be honest, but it is unavoidable in it's current form.

I started out with a .stem account and do think it is worth the extra work. Shame I can't put a STEM post together :D

I decided that I want to use an alt for STEM as well. It's getting a bit too hectic to juggle the VP.

Luckily, I have enough liquid to toss about on a spare while I unstake.

Makes sense. More upvote and downvote opportunities are nice.

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