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RE: Ethereum's Market Cap Is Currently More Than 50% of Bitcoin's
I understood that steem is unlimited in opposite to Bitcoin, what makes steem inflational, right? How can the value of it increase?
I understood that steem is unlimited in opposite to Bitcoin, what makes steem inflational, right? How can the value of it increase?
Hi @johano :). Steem inflates its supply by 9.5% in the first year, decreasing by 0.5% each year until 0.5% inflation / year, I think. In 20 years, expected to have around 660 million STEEM is circulation. Today there is about 250 million STEEM in circulation. It might've been updated though, but this is the latest i've known.
Thanks @kevinwong. This was helpful. I am quite new to all crypto. Have a nice day.