Liquid STEEM Report Nov 16, 2018

in #steemit6 years ago

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 8.68% 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.

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For a breakdown of how Steemit Rewards system works:

https://steemit.com/steemit/@socky/simple-steemit-rewards-breakdown-how-it-works-since-hf20

For a breakdown of Steemit Keys:

https://steemit.com/life/@socky/do-you-understand-your-steemit-keys

For a breakdown of why Steem Power is Important:

https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read

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Thanks for these insights :) I need to read more about our cryptocurrency I think ^^

You should read this one. It is something that would help people embrace STEEM and SBD. I would love Steemit Inc to implement it.
https://steemit.com/steemit/@socky/introducing-the-hand-shake-and-how-it-can-revolutionize-steem-blockchain

Hello socky!

Congratulations! This post has been randomly Resteemed! For a chance to get more of your content resteemed join the Steem Engine Team

Thanks for sharing!
It seems that when the yellow line rises, the STEEM/SBD ratio is also falling, isn't it?

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