Steem-Engine and my Tribe tokens
Last week, @anomadsoul reminded me that that liquid rewards from the @actifit n @blocktrades competition Post that I've been doing each week for the past 3 months was to fund the prize of a Steem Fest ticket and accommodation for one lucky Steemian. I'd totally forgot and have been powering up almost everything for months now, and so it was a bit of a shock to have to find around 1000 STEEM.
Initially I thought'd I'd need to power-down a week, but I got there though mainly with the help of what was in my Steem Engine account. And so that made me think, how much have I been sending that way / how much has been pulled out / how much has everyone deposited and withdrawn. Time for a little nosy.
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmTgkSqfuiL7gqHtrbLWRYMhSWStfDwXVkNgjzwKyDQrc5/image.png)
The chart above shows the daily transfer totals, to and from 'steem-peg'. I've excluded 'steem-peg' sending to/from 'steem-peg', but everything else is there. Unfortunately, the chart doesn't look so brill thanks to a couple of days where the transfers from 'steem-peg' were pretty big. The busiest day was on the 22nd of August where 516,000 STEEM was moved out of Steem Engine - 495,000 of that went to 'sct-wallet'. I didn't delve too much into that account but did notice that it's taken over 13,000 STEEM in the last 30 days in beneficiaries alone. Damn!
The second largest withdrawal was on the 28th June, just over 400,000 STEEM with 396,0000 of that going to 'sct.bank'. This was delegated to 'sct.voter' until the 19th of this month, but has since been returned.
Excluding 'steem-peg' transferring to/from 'steem-peg', between the 12 February 2019 and 24th September 2019, 4,601,543 STEEM has been sent to Steem-Engine and 3,843,336 has been withdrawn. I've seen a couple of people mention Steem-Engine devaluing Steem - if there is 750,000 STEEM in S-E somewhere, in my opinion that's not a big deal. And if just one of the Tribes could kick off a major on-boarding effort, this would go some way to balancing the books.
Even though I now have approximately 45435 accounts for Tribe-related purposes, 'all' my deposits and withdrawals to 'steem-peg' (Steem Engine) have been via my main account. The numbers tell me I've sent 2170 STEEM to 'steem-peg', and taken 876 out - 1294 'in' to Steem Engine is the final figure. My initial feeling is that this isn't so bad, but without taking a look at some of my Tribe token holdings, who knows......
Below is a table of the main liquid holdings across my tribe accounts (valued over 10 STEEM), and their current value (at 25/09/2019) in STEEM.
Token | Amount | Status | Value in STEEM |
---|---|---|---|
STEEMP | 339 | Unstaked | 339 |
ENG | 130 | Unstaked | 124 |
DEC | 45000 | Unstaked | 299 |
DWD | 1669 | Unstaked | 46 |
AFIT | 52800 | Unstaked | 147* |
* Would have trouble shifting for that amount
The above totals 955 STEEM, but if I tried to sell the lot right now I think 850 STEEM would be closer to the mark - which if that was the case would leave me 400 STEEM short of the total investment into Steem Engine. But there are more tokens - all these are staked though and so the numbers don't really mean that much and are here for me to look back on (and cry, or cheer) in the future.
Token | Amount | Status | Value in STEEM |
---|---|---|---|
PAL | 6940 | Staked | 638 |
LEO | 8310 | Staked | 1520 |
CCC | 27530 | Staked | 660 |
STEM | 14030 | Staked | 592 |
LIFE | 6155 | Staked | 358 |
SPORTS | 3128340 | Staked | 3880 |
SPT | 50451 | Staked | 233 |
BATTLE | 20471 | Staked | 136 |
GG | 8008 | Staked | 184 |
MARLIANS | 16656 | Staked | 316 |
NEOXAG | 8160 | Staked | 198 |
PHOTO | 2080 | Staked | 25 |
LOTUS | 567 | Staked | 29 |
PORN | 2180 | Staked | 196 |
8965 STEEM worth of staked Tribe tokens.
At face value, that 400 or so STEEM I'm short on the In/Out of Steem Engine looks pretty good, but as these tokens are staked (some taking 9 months to fully un-stake), what's more important is how they are fairing as far as curation rewards - although, I do need to sell and not stake, which hasn't been happening much at all.
Perhaps I should do a week where I sell everything earned in the tribes and see what that total is?
And then there are these monster card thingies:
Part of me wants to offload my Splinterlands cards - 14000 STEEM would put me well on the way to Orca, but I do have FOMO here and faith that Yabap can work his magic. We will see what happens.
In other news, work is still a load of crap and taking up far too much of my Steem time. But at less than 14 cents a token, most of us don't really have much choice.
Cheers all,
Asher
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Cheers Asher! Been missing your posts. Glad to cross your path today. Hopefully work is not too stressful. Catch you next time man! ✌🏿❤
Hi Jill!
Work is still rather duff but not stressful so I guess that’s a good thing. It’s just time out of my day that I could think of 50 ways to better spend - save not spend is what I need though!
Thanks for dropping by, enjoy the rest of your week 😁
So many staked tokens.
I've been collecting and staking 99% of what has been earned, they soon build up!
devaluing steem? How in the world is 750k steem that is tied up in steem-engine tokens devaluing steem? What devalues steem is... more steem being sold on exchanges than the demand to buy steem. Steem that is transferred to steem-engine isn't being sold, it is being held as a peg - that is totally different than selling it on an exchange. Steem that is tied up in steem-engine tokens is certainly not devaluing steem, and in fact the more steem tied up in steem-engine, the better as far as the value of steem is concerned. This is pretty basic - I don't see how anyone could actually argue otherwise? Whatever % of that 750k total is pegged in relation to staked steem-engine tokens, is basically the equivalent of powered up Steem - it is Steem that can't be withdrawn/sold until/unless the tokens are unstaked and they return to liquid form. Who in the world is saying that steem-engine is devaluing steem?
Haters.
I'm not sure it's only the haters, can we add 'confused' to the list?
Ain't nothin' worse than a confused hater...
They are most dangerous and sound a bit like me on a Monday after 3 hours sleep, although I'm better at resting these days.
I can't even remember Monday; I don't think I hate it.
I've gotten used to them I guess :)
Yeah. Mondays tend to grow on a person after awhile...
like warts.
Yes, SteemP is pegged to Steem and simply sending Steem to Steem-engine doesnt do anything to the price of Steem.
Steem-engine tokens on the other hand are nothing more then Steem alt coins.
Saying that Steem engine is reducing the price of Steem is true to a degree, depending on which token youre talking about. Tokens that are essentially bots whose value comes from being able to buy votes on Steem are indeed devaluing steem.
Well said :) But it's too late for me to go and find the people I've seen mention it - maybe the DB can help me, tomorrow.
so, 750k Steem to back up how many tokens?
Could you get this data?
And their value in Steem equivalent?
Becausse you alone have 9k staked tokens.
And I guess some users have even more...
Some have way way more. Unfortunately I don't know how to access the Tribe stuff, except via the discords and some web-pages, but it would take a long time to get a figure together.
It's an interesting question though, perhaps @crokkon can help although I think he's been very busy away from Steem at present.
.
Good points. I liked the way you used meaningful in a sentence as opposed to meaningless :)
There are some pegged ones but I wasn’t aware you could go directly.
.
@holger80 should know this, too, but he's been quiet in the past weeks
I think I am at a total plus in the steem out versus steem in from Steem Engine. Well , so I like to tell myself. It does look quite good on paper when you look at it like above.
Sell the cards. Become big fich!! :O)
That does seem to be the case looking at your main account transfers - but is there an alt or two hiding somewhere? :p
I can't sell, what if they moooooooon? :O
An alt!!?!?! HEavens above, how could this be? Have I been hacked?!
:OD
Hung, drawn, and quartered!
It was him!!!
points and runs away
Why are you pointing at me again!
See!! It was him!!!!
I just look like the guy! My face is common! It wasn't me!
The evidence is inconclusive and so you are free, to point and run away :)
It was them!!
I got the weedcash going phatty!!! Blaze that shit! Stake and vote!
I have some of those, staked too but on my main account which I don't think votes many ganja fans :(
Well if you throw me votes then yes it does!!! Keep growing and staking those crypto!!!
I need a few more of them to make creating an alt worthwhile 😎
Hit me up and I'll share some dank content... And yeah weedcash people do pretty well.
Come join the dark side...
And do believe that buying weedcash and staking it isn't hard. I've just never figured it out yet.
But when I throw votes I believe it carries weedcash too. Might want to check.. but might be on weedcash posts?
Hmmm up late gaming. Baked... Lolz
I think I have as much in Steem value in Steem Engine staked as I do on my Steem account now which is pretty amazing for a few short months.
Yes, and I have a feeling I know which token is boosting your Tribe token stake :D
Is it the TRENDO token? :OD
😂. Zzan and mediaofficials I reckon!
Oh yeah, those will be the ones!
You know what they say, stake it till you make it!
They know what's up, or do they?
Let’s hope they do, I place a considerable amount of blind faith in various crypto’s lol still better than pissing my money away like normies do on consumer goods but to each their own
But back to staking, It’s either that or start getting ripped and flexing on Insta and getting a large enough following to shill fit tea and USN! I’ll leave the choice up to you
Yeah, screw insta :)
damn
quite some tokens
Might as well spin the SE wheel and see what happens! :D
I'm selling all my tokens and all my cards to power up :s still no dolphin