DEEPER WATERS REWARDS POOL I HAVE CHARTED THE WATERS FOR YOU <><> OCTOBER 8 , 2017steemCreated with Sketch.

in #steemit โ€ข 7 years ago (edited)

๐Ÿ’ New record daily increase in the rewards pool today of +11,099

๐Ÿ’ REWARDS POOL

๐Ÿ’ Every day Steem is created and a predetermined percentage of the newly created Steem is put into the REWARDS POOL and everyday some rewards are distributed among authors and curators .

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The charts below show what is happening in the rewards pool if it is filling or emptying since HF-19
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SUMMARY

๐Ÿ’ -97,659 has been the largest daily drain on the Rewards Pool since HF-19

๐Ÿ’ +11,099 has been the largest daily increase on the Rewards Pool since HF-19

๐Ÿ’ 1,622,478 is the highest pool reading since HF-19

๐Ÿ’ 677,974 has been the lowest pool reading since HF-19

๐Ÿ’ Today the pool is at 701,315 and the Increase was 11,099

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SUMMARY

๐Ÿ’ -97,659 has been the largest daily drain on the Rewards Pool since HF-19

๐Ÿ’ +11,099 has been the largest daily increase on the Rewards Pool since HF-19

๐Ÿ’ 1,622,478 is the highest pool reading since HF-19

๐Ÿ’ 677,974 has been the lowest pool reading since HF-19

Wow.. I didn't know about the REWARDS POOL - this feels really good. Thanks for enlightening me . This's great

If this is for STEEM, is there a similar process for SBD's? Are they released daily as well or generated from anther process? I suppose the inflationary STEEM currency is ok if adoption increases and more people need it to function on the site/invest.

This is pretty encouraging about STEEM investments!

ย 7 years agoย (edited)

Hey @me-tarzan

That's a insightful one, what service can a average steemian like me use to check the reward pool statistics you just shared?

Like you know STEEM is an inflationary cryptocurrency. mean Unlike Bitcoin, STEEM doesn't have a fixed supply. New STEEM is continually being created to reward authors, curators, witnesses and Steem Power holders.

For you to be able to calculate how much STEEM is added to the reward pool per day you must first understand how the inflation rate works.

Very good information,

useful information

Thanx for the update @me-tarzan.

Thanks for sharing me-tarxan!

Hi me-tarzan,
Very interesting read, Thanks you for sharing it!

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