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 2 years!
Why are these graphs important?
STEEM is created at a high rate. Currently 8.12% 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 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:
@socky, In my opinion without any doubt Liquid Steem will going to become more Scarce going forward. Stay blessed.
Posted using Partiko Android
That would be great. What is your thoughts on who will be powering up that STEEM?
At this moment it's reflecting as Steem and TRON Battle players are Powering Up more and more Steem. Let's see.
🏆 Hi @socky! You have received 0.05 STEEM reward for this post from the following subscribers: @tyrnannoght
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