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

in #stemgeeks5 years 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.

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

You guys are legit. That's fo sho!

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

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