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RE: Sharing some of my steemit wisdom after 228 Days and 1000 followers: A collection of tips, useful sites, Apps built on STEEM and how to get noticed and gain followers

in #steemit • 7 years ago

STEEM is a fee-less platform. Here is bit more info on it. It requires 5 STEEM to be burnt to create a new account/wallet. To promote the platform, Steemit.Inc is doing this for free and they have to make sure that nobody is going to game the system. If one person make 100 accounts, that's 500 STEEM out of the pockets of @steemit

That's why they collect info.

7 years ago in #steemit by
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     7 years ago  

    Btw how much steem are there in total supply . I heard that sbd's are infinite . Is steem infinite too ?

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     7 years ago  

    SBD is capped at 10% of the marketcap of STEEM AFAIK. SBD is a debt instrument that is a claim on 1USD worth STEEM. The debt level is meant to be at 10% of the total value of STEEM. Hence 10% of the marketcap of STEEM. In about 10 years STEEM inflation will go down to 0.95% and it'll stay there. So both are infinite (sort of).