STEEM Total Supply of token is 250 million ???
A few friends asked me if Steem has a limited supply in amount of tokens like bitcoin. I did my research and got stunned:
250 million is the total supply of steem tokens??
And as you can see in the chart above only around 16 million, which is 7% is left over.
So what will the Steem Price do?
I can make this answer really short. Fasten your seatbelts this thing will be really really huge.
Have a great weekends steemians.
Don't forget to upvote and to resteem and follow my blog, thank you
Man I hope your right.
Followed and upvoted
No! Steem does not have a capped limited supply of tokens. I'm guessing that the number that you saw was someone rounding up on the current number.
He is NOT correct.
https://coinmarketcap.com/ clearly shows that the circulating supply is 233,942,227 STEEM.
Circulating supply is different. But actual liquid coin is much lower.
I added some question marks in the post to ensure that this topic is in clarification. Don't wanted or want to confuse the community.
@mark-waser / Exactly what I was thinking about - And after reading some more websites I think there is no limited supply in steem.
Now I am confused... :-)
circulating supply 16M can't be correct in my opinion..
I misread that sorry about that. Here is a formula to calculate liquid STEEM supply
FORMULA TO CALCULATE LIQUID STEEM:
Go to steemd.com
Look at the values for : current_supply, total_reward_fund_steem and total_vesting_fund_steem
FORMULA: current_supply - total_reward_fund_steem - total_vesting_fund_steem = liquid steems
Calculate percentage supply available: liquid steems / current_supply * 100 = liquid steems %
Really ? Did I got this wrong?
Circulating Supply is what is out there . . . . in circulation. ;-)
Total supply is, I believe the total that has ever been issued. The difference is the amount that has been destroyed for promotion, etc.
Can Steem be destroyed ? I will go deeper into that topic.
Yes. When a post is promoted, the steem is permanently destroyed.
Oh this is not Max Supply.. What does total supply means vs circulating supply?
Very interesting stuff.
https://steemit.com/steem/@steemrollin/what-is-the-current-and-projected-supply-of-steem-over-time
As dantheman answered here, "Estimated supply will grow to 5B in about 1 year and then get split back to 500M."