Weekly report: How much STEEM is stored on the exchanges? - June 22, 2018

in steem •  6 years ago 

The charts below show how much STEEM is stored on each exchange where STEEM is listed.

The wallet on Bithumb has been fully emptied. All their 1,498,882 STEEM was sent to Binance 3 days ago.

Rule #1 in the crypto world: Don't store your cryptocurrencies on an exchange!

STEEM stored on all exchanges

STEEM stored on Bittrex

STEEM stored on Poloniex

STEEM stored on Binance

STEEM stored on Huobi

STEEM stored on Upbit

STEEM stored on Bithumb

STEEM stored on Openledger

STEEM stored on Gopax

How much STEEM is currently stored on each exchange?

ExchangeSTEEM
Bittrex22,349,816 STEEM
Poloniex14,479,958 STEEM
Binance8,013,176 STEEM
Huobi2,989,875 STEEM
Upbit538,105 STEEM
Bithumb0 STEEM
Openledger528,619 STEEM
Gopax320,735 STEEM

Total amount of STEEM stored on all exchanges: 49,118,530 STEEM
Total STEEM supply: 270,275,394 STEEM
Liquid STEEM: 77,990,470 STEEM

  • 18.2% of the total supply is stored on the exchanges.
  • 63.0% of all liquid STEEM is stored on the exchanges.

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Great report! Any chance you can add Januari 2017 till today on the charts?

  ·  6 years ago (edited)

63.0% of all liquid STEEM is stored on the exchanges.

Pretty ridiculous considering how much safer your wallet is than an exchange and it takes max 1 minute for your funds to appear on an exchange when sending.

Exactly. Why not just create some alts here to store it if you don't want to show how many million you have?

Nah rather lose it all in the next hack!

Not so bad when you have a million on each exchange - unless they all go the same day :D

Exactly that is ridiculous.. why people still prefer exchanges for their steem store, I wonder!

Many people get contact with cryptos after seeing trading videos which YouTube has just recommended them. Most of them will never learn what a wallet is.

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tsch, i got a mail from japan last week on the mt. Gox case ... all in japanese i didnt even know they were still on it ...

probably if i wanted to file to get my 1.5 mined bitcoin back i had there , so i can "maybe" get it at the rates back then , about $500 i guess .. (i should say cpu- and gpu- mined ... i burned cards on that ... am i that old, omg?)

some people holding millions were playing with lego back then werent they lol3.png

which is an edit here , which makes me doubt again the validity of the idea of storing every single edit directly on the chain, seeing as this can't really help the volume over time but i'm not the tekkie either so what do i know

you're right, most people got into it today cos its fashionable, like "blockchain" , or "a.i." or the other magic words from Hogwarts

But there's also the problem of every bum on every corner pouring out their own bumcoin which cant possibly do anything but drive the overall value of the "main" coins down because there's plenty of money stored in ... can i call it "micro" amounts of these obscure coins that will probably never see their fifth birthday

and the advent of the actual bankers going as far as patenting bits of blockchain technology probably aint helping too ...

ive been watching my little plankton vote go down and down and down as my steem power goes up and up and up ... i think it dropped like 2 cents in a week ... maybe not much for you but for me thats about 33% ? i might not have the exact but i dont think its far off ... from all i see, the increase in accounts over the last months simply cant mean its all plankton selling off the sbd as they get it ... this has to be one or more major players, or simply sabotage by the up and coming to get market space ... EOS ... TRON, NEO ?

there's a few i could think of who would benefit from "making room" lol

if Nakamoto were dead he'd be turning in his grave ... ICO's ... "central authorities" (well thats what EOS calls itself , right?)

Satoshi weeps

and i'm not making a lot of money here this way hahah

yea that's pretty daft ... i'm already considering opening an account for every 500SP lol ... due to the nature of the only one password , no recovery and no 2fac or hardware dongles

but i'm plankton ofcourse 500 is a lot for me

so very true. Plus the fact that Steem rots a little if you aren't using or staking it in some manner. On the other hand, the value of one's upvote goes up when less Steem is powered up and used across the ecosystem, so in that sense having that liquidity on the exchanges is nice if you want to buy or sell copious amounts of Steem.

Did I miss something or why was the wallet on Bithumb fully emptied and transfered to Binance?

Can you tell us how much steem has been vested or powered up?

Total STEEM supply: 270,277,485 STEEM
Total Vested steem (powered up): 192,281,624 STEEM
Liquid STEEM: 77,995,860 STEEM

Source: https://steemblockexplorer.com

Thanks!

wow, that's interesting considering that it's not safe to leave it there, why do people do it? Maybe they don't understand the system fully, or they really believe that the investment is safe there?

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Goodluck getting that 14 million out of Poloniex so crazy how long thats been locked up for.

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