You are viewing a single comment's thread from:

RE: LIQUID STEEM / PRICE COMPARISON CHART

in #steemit7 years ago

The incentive to stay powered up is... not really there right now. I wonder if this is mostly splashing around on exchanges. DASH and PIVX have the concept of master nodes and staking which encourage people keep their coins locked up and STEEM used to have that as well, but the inflation was a bit out of control, so it go scaled back. I haven't checked what it is lately... Was it around 9%?

Sort:  

My guess is most of those liquid Steem comes from Steem Inc powering down and not selling everything right away. I'm not sure why they are powering down more than they need. Maybe they are gearing up for a big influx of users thus needs liquid Steem to create those accounts. Clearly they don't seem to be in a rush to sell at the current price which is a very good thing.

I track the money they send to exchanges every week. Nothing this past week, but the 2 weeks before that was over half a million dollars. Liquid STEEM is one thing. exchange STEEM is something else.

I remember seeing your post. You're right. They are selling a lot of their liquid Steem, the vast majority of them in fact. It's true that half a million is a lot yet the price is holding on.

Steemit owns around 16 millions dollar worth of Steem according to steemdown.com and the daily volume of exchange is around 150k to 300k. Steem is way too interesting to be part of.

Steem is way too interesting to be part of.

That's my excuse, anyway. :)

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.029
BTC 57645.95
ETH 2389.92
USDT 1.00
SBD 2.43