Liquid STEEM Report July 16, 2018
This is a historical graph of both Total STEEM and Liquid STEEM supply
(Note) There are two different scales on this graph. For full scale, see graph below.
Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)
- When STEEM is liquid, it can be readily sold and purchased.
- When STEEM is locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form.
This is a graph of the same data. The data of this graph was plotted on the same scale to show the massive difference between Liquid STEEM and STEEM stored in SP
I created these charts with data that I collected over the last few months.
Why are these graphs important?
STEEM is created at a high rate. Currently 8.81% per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. These graphs show that there is a limited supply of STEEM. Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.
I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.
---------------------------------------
For a breakdown of how Steemit Rewards system works:
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-key
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
Yes i feeling greatful to read and also it clears my concept about steem liquid
Glad you found it informative
Awesome I was wondering this the other day and bam you answered my question. I glad to see more SP than liquid steem. This is good. I don't plan on selling of any for a few years at least. I do however use sbd and steem that's not going into SP for bots.
I need to actually research and see what the bots I'm using are doing with the sbd and steem they earn. If they pulling it out I won't use their services in future
I wish you success. I have seen a bunch of large account holders funnel some of their STEEM into SBD. My thought is they are using SBD as a safe place to store value as it is pegged not to go below one dollar. If the market turns around, I would expect the SBD go back to STEEM and then stored in SP.