Liquid STEEM Report Mar 11, 2020

in #stats4 months ago (edited)

This is a historical graph of both Total STEEM and Liquid STEEM supply

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(Note) There are two different scales on these graphs. For full scale, see graph below.

Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)

  • When STEEM is liquid, it can be readily sold and purchased.
  • When STEEM is locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form.

This is a graph of the same data. The data of this graph was plotted on the same scale to show the massive difference between Liquid STEEM and STEEM stored in SP

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I created these charts with data that I collected over the 2 years!

Why are these graphs important?

STEEM is created at a high rate. Currently 8.12% per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. These graphs show that there is a limited supply of STEEM. Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.

I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.

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For a breakdown of Steemit Keys:

https://steemit.com/life/@socky/do-you-understand-your-steemit-keys

For a breakdown of why Steem Power is Important:

https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read

How to improve STEEM payment system:

https://steemit.com/steemit/@socky/introducing-the-hand-shake-and-how-it-can-revolutionize-steem-blockchain

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@justinsunsteemit still powering up reducing STEEM. Which keeps Steep price stable:

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Despite Bitcoin falling:

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But I'm worried what will happen once Justin got the super majority. If he changes the power down rules and the exchanges power down again I fear STEEM price will fall. Maybe all the way to 1 STEEM = 1 TRON.

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Canceled my delegations yesterday just to be sure.