Liquid STEEM Report Sept 5, 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 8.75% 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:
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
It was such a fantastic idea to have SP locked up for that amount of time. making people actually invest in the project itself not just getting up and quitting as soon as they can. so stinking smart!
Brilliant. It is good to hold onto SP. It creates influence which earns money. It is also brilliant that rewards are given in SP which helps to encourage vesting in the currency.
yeah and continue continuously adding to the value of the Steem blockchain. God only knows what's gonna happen when the SMTs come into play, and maybe some of the bot usages will die down a little bit and people will be more actively posting and commenting!
Great information...upvoted.
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