Liquid STEEM Report Mar 23, 2020
This is a historical graph of both Total STEEM and Liquid STEEM supply
(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
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 8.10% 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:
As long as there is this much disparity between liquid and powered up Steem the price will remain stable. However, if large numbers power down over the next 90 days and sell it on exchanges the price is likely to go way down. Keep a watch and see what happens over the next 30 days and see if the trend reverses. !trdo
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