RE: STEEMIT - The Economic System and Where the MONEY COMES FROM?!

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STEEMIT - The Economic System and Where the MONEY COMES FROM?!

in steem-help •  9 years ago 

Thanks for giving this thorough explanation of the Steem economic ecosystem @hisnameisolllie. Do you know by any chance what the daily dilution rate of STEEM tokens is? I'm also wondering that if you buy STEEM tokens on an exchange if they still dilute and if they are stored on chain or off chain. Again, thanks for doing this awesome write up and sharing your knowledge!

steem-help
9 years ago by

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      ·  9 years ago 

    It is %100/365 daily depreciation because of doubling the total circulation of Steem every year by printing a year worth of STEEM. As far as I know, it does not matter if it is exchanged on internal/externals markets; it is all about the magnitute of the circulation. I hope this helps.

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