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 8.72% 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-keys
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
Thank you for this information. I am going to resteem it as I found it useful and hope other people also find it useful.
@shaidon, yeah, the information is very useful. I think most of the Steemians should know it.
Posted using Partiko Android
Valid point :)
@socky, is it true, that the inflation rate is lowered every year by 0,50%?
Also, I want to say, that in my view, if the Liquid Steem is less than 30% of the total Steem it means that most Steemians truely believe in the Steemit ecosystem, as they hold mainly Steem Power. For example, all of the Steem I have is in Steem Power.
Btw, the informatioin in this post is very useful. So, I will resteem it.
You got it. It shows that there is value in holding STEEM in the form of SP. If Steemit and other apps increase in popularity, STEEM could become limited due to the print rate. If that happens, it would drive price up.
@socky, sometimes I create videos for #Dtube making bitcoin and cryptocurrency market analyses. May I use in my next analysis on Steem the information in your post? I will show your post in my video, mention your nick.
Posted using Partiko Android
This is data I don't have readily available though it is openly available. Definitely helps when planning my STEEMit business and encouraging to see the blue line going up as people power up!
Thanks for posting it again!