Liquid STEEM Report May 13, 2019

2년 전

This is a historical graph of both Total STEEM and Liquid STEEM supply

(Note) There are two different scales on these graphs. 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 8.47% 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

How to improve STEEM payment system:

https://steemit.com/steemit/@socky/introducing-the-hand-shake-and-how-it-can-revolutionize-steem-blockchain

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Looks like we’re holding steady and on the 8% inflation that helps to grow the community and raise each individual Steem’s value. We’re making money through dilution

Posted using Partiko iOS

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In simpler words can you please explain this?

Posted using Partiko Android

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You create more Steem to get/pay more users and raise the value of Steem

Posted using Partiko iOS

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Okay.

So the value of STEEM increases as more users join and hold STEEM?

Posted using Partiko Android

Thank you info and for your time and effort too in putting this together.

I am very new to the world of cryptocurrency and I really love to learn more about it.

I was thinking maybe if you could point me in a direction where I can learn to understand the crypto world better, and one day be able to do my own analysis.

Fun Fact : I just learnt the difference with Liquid STEEM and Solid STEEM this morning from this blog post.

Big thanks to you.

😁😁

Posted using Partiko Android

Greetings from Venezuela, what a good article, deserves my vote and support.