30 Days Writing Challenge, Day 10: What’s The Liquid / Staking Proportion In Your SNAX portfolio?

in #steemit5 years ago (edited)

This is the tenth question / topic of the 30 days writing challenge I announced a couple of days ago. The total amount in prizes is 90,000 SNAX and it's being distributed as 3 daily prices of 1,000 SNAX each. For all the details, please check this post.

This question is important, because it affects two things:

  • the circulating supply, which in turn affects liquidity and, ultimately, the asset price
  • the amount staked for block producers, which affects how much or how little the BPs are incentivized to support the network

In my case, I keep the majority of my portfolio, like 99%, staked, so I can contribute equally to the voting process that, as I said, must be relatively flat in the beginning. There is only a very small part which is liquid, namely the part that I'm using to sponsor this 30 days challenge. Initially, the allocated amount was 90,000 SNAX, but I will probably end up spending around 110,000 - 120,000 SNAX, and that's just because your articles are so good, folks.

So, keep them coming!

IMPORTANT: please state your SNAX username in the post, so I know to which account to send the prize, should you be amongst the lucky winners! Thank you!


You can start writing your article for the challenge right now (some of you already posted, nice), the time window is: Wednesday 29th May, between 00:00 UTC and 23:59 UTC.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


Wanna know when you're getting paid?

I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards

It's free to use, but if you think this is a useful addition, I'd appreciate your witness vote.

Thank you!

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Hello @dragosroua, thank you for sharing this creative work! We just stopped by to say that you've been upvoted by the @creativecrypto magazine. The Creative Crypto is all about art on the blockchain and learning from creatives like you. Looking forward to crossing paths again soon. Steem on!

Question : among the 84 billion that will be issue for Block Producers and Regular Publishers, the first year, which percentage go to BP ?

Hi, @chrisaiki, token distribution is described in our white paper https://snax.one/whitepaper.pdf

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