DECEMBER STEM Burning by @stemgeeks - Why the authors are wasting STEM ?
Good morning to everyone , I hope you are having a good day .
This post will give you an insight of STEM burning in the month of December 2020.
To begin with , STEMGeeks.net is a community under Hive Blockchain which focuses on Science , Technology , Engineering and Mathematics .
Founder is @themarkymark.
Let's see the numbers -
December 6
50% author reward burning takes a lion share just like in later weeks too.
The curation reward for @stemgeeks account is just amazing .
December 13
The Curation rewards is less compared to the 6th December burn . Author rewards is exactly the same . STEM burned for promotion is 9 ( which is the highest for December ) but still it is too less.
December 21
Although 50% Author rewards hasn't decreased , the curation reward has increased almost 2x . On the other hand , no STEM has been burned for promotion at all in this week.
December 28
Similar pattern , nothing unusual.
STEM Burned for promotion
Well it is pretty clear not a lot of authors are burning the STEM for promoting their posts . I think this is a mistake because well I will promote this post for just 1 STEM and make it visible to lot of users than not promoting it . I say promoting the posts makes sense because of lack of competition right now , get your posts good visibility by burning a minuscule amount of STEM , it is an opportunity utilize it.
50% Author rewards burned
You will get 100% author rewards only if you post it from the STEMGeeks.net front end otherwise you will get 50% author rewards . Read more about it here
Well if we look at this chart , we can easily say that lot of authors are losing their STEM just by posting from other front-ends . The sad part is the trend isn't decreasing week by week . I think more awareness is needed on this part .
Total amount of STEM burnt this way in December alone , as you can see , is over 10,000 STEM which is 2000 HIVE at current price = 0.112$ * 2000 = 224$ .
But on the bright side , if the supply is low , it is good for the coin :)
Note: All the data is retrieved from the posts by the official account - @stemgeeks, the charts are created by me.
Interested in seeing more data and charts ?
Well here is the recent one for INDEX token -
This is for @lbi-token -
I love charts too :)
Regards ,
MR .
Posted with STEMGeeks
