Weekly report: How much STEEM is stored on the exchanges? - September 19, 2019

in steem •  4 months ago 

The charts below show how much STEEM is stored on each exchange where STEEM is listed.

Rule #1 in the crypto world: Don't store your cryptocurrencies on an exchange!

STEEM stored on all exchanges

STEEM stored on Bittrex

STEEM stored on Binance

STEEM stored on Poloniex

STEEM stored on Bithumb

STEEM stored on Huobi

STEEM stored on Upbit

STEEM stored on Openledger

STEEM stored on Gopax

STEEM stored on SteemEngine

How much STEEM is currently stored on each exchange?

ExchangeBalanceLast weekChange
Bittrex40,629,666 STEEM40,616,568 STEEM+0.0%
Binance20,018,699 STEEM21,982,641 STEEM-8.9%
Poloniex10,006,382 STEEM10,040,031 STEEM-0.3%
Bithumb9,986,549 STEEM9,986,549 STEEM+0.0%
Huobi8,044,635 STEEM8,218,959 STEEM-2.1%
Upbit5,375,283 STEEM4,920,917 STEEM+9.2%
Openledger0 STEEM18,451 STEEM-100.0%
Gopax387,555 STEEM374,787 STEEM+3.4%
SteemEngine478,156 STEEM735,304 STEEM-35.0%

Total amount of STEEM stored on all exchanges: 94,926,925 STEEM
Total STEEM supply: 325,709,381 STEEM
Liquid STEEM: 123,386,218 STEEM

  • 29.1% of the total supply is stored on the exchanges.
  • 76.9% of all liquid STEEM is stored on the exchanges.

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How Come this big Drop on binance? Deposits still disabled?

Posted using Partiko Android

My vote goes towards US customers not having access to it anymore. Id expect an even further decline in the weeks ahead on their platform

Both deposits and withdrawals are enabled on Binance.
Maybe it is because US citizens are not allowed to buy Steem on Binance anymore.

Lot of Steem coming off exchanges .. lot of Steem being powered up ... good signs ... no wonder the price is coming up, just a little ...

its a lot.. no wonder prices just continues to drop.. can I ask you this question.. what is the maximum total supply of steem that will be created?

There is no hard limit.
Steem currently has an inflation of about 8% which decreases to 0.95% in the coming years.

Inflation narrows 0.01% every 250k blocks, since HF16. At block 7,000,000, there was a 9.5% instantaneous inflation rate, decreasing to 0.95% at this rate of 0.01% every 250k blocks. This narrowing will take approximately 20.5 years and will complete on block 220,750,000.

Source: https://developers.steem.io/tutorials-recipes/understanding-configuration-values

How does this inflation helps when is there an unlimited amount of supply.. one day will come when there will be no buyer left.. what happens then?

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It looks like people might just be moving their Steem from the exchanges to their Steem wallets.. We have been seeing a record in Steem Power Ups! ⚡