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RE: SteemLeo 🔥 BURN Report #3 🔥— Over 90% of All LEO is Staked
This is awesome. Thanks for all you do.
What is the present inflation rate? Does staking LEO earn any of the inflation rate the same way Steem Power does?
I am proud to say I added Steemleo.com to my Brave browser so the time I spend on here will help the entire ecosystem.
LEO is going to have one of the tightest token supplies there is. I am staking every token that comes in and suggest everyone do the same. There is no reason, with the market this tribe focuses upon, that this cant be one of the more successful projects going.
Thanks :)
The current inflation rate is set to 19 tokens created every 100 blocks. Extrapolating the math pegs that at about 1.97 million tokens yearly. Year 2, this figure will drop by over 5% and continue to drop with each subsequent year until we reach an equilibrium. I can post a detailed chart with those inflation drops as we have planned them out.
The thing is, scotbot is actually a bit off and is creating a lower than expected inflation. I don’t see this as a bad thing. We pulled the actual issued token amounts out of the custom Json data and realized that inflation this past month was actually ~35,000 less tokens than it should’ve been based on the 1.97m inflation model.
The high initial inflation is intended to widely distribute stake as we grow the platform from inception to a flourishing community with tens of thousands of creators from all walks of life. We still have a ways to go :)
Woohoo thanks for adding us on brave! I’m going to do a video soon promoting the interface changes and also talking about brave and why it’s so important to use https://Steemleo.com in conjunction with the brave browser.
That’s awesome to hear, like I said — I think we’re in some very early stage territory here and there will be a lot of work to do in the way of bringing in new users and authors, but with the awesome community we already have and creatives such as yourself, it’s definitely doable. 🦁