1,900,000 STEM Miners burned out of 2M.

in stemgeeks •  19 days ago 

The max supply of STEM Miners was set to 2M initially as I was not sure what the final distribution would be. This number is obviously ridiculous and to show they will never be used or sold I am burning 1,900,000 STEM Miners.

While 100,000 is still too high unless the price moons, it is a much more reasonable supply that is now locked by contract.

The STEMGeeks team only has 1 Miner Staked which is the lowest of all tribes I have seen.

Many tribes the tribe owners are in the staked miner rich list. While I could buy miners which I could get at no real cost to me and stake them, I choose not to and only have the one initial miner used to jump-start the mining pool. STEM also has one of the lowest staked miners and prints 1/3rd to 1/2 the tokens of most tribes.

I have no plans on "purchasing" and staking any additional miners.

When planning the STEM token, I wanted a token that didn't have a high inflation rate and was not printing millions. Only around 840,000 STEM tokens are produced in a year. Over 4,000,000,000 of the 5B max supply have already been burned. I wanted something sustainable, not inflatable.

Stem has an 80% proof of brain pool and 20% mining pool.

This offers a larger mining pool than most tribes without drastically reducing the author reward pool.

Good authors on STEMGeeks are getting more tokens than most tribes even with far fewer tokens created.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Whoa, well done, I can understand how those numbers left some people... uncomfortable!

You guys are legit. That's fo sho!

Good authors on STEMGeeks are getting more tokens than most tribes even with far fewer tokens created.

This is great

STEM is a good token. I'll spend more time to contribute to it.