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.
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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
Thanks for the information
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Very good, thank you.
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Thanks for creating these graphs. I am encouraged that Steem users are converting their Steem into Steem Power. To me, that shows people are thinking long-term about their use of the platform and well as their investment strategy in the Steem ecosystem.
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You are welcome. Interesting fact, Coingecko is making a presence here on Steemit. They powered 22K STEEM yesterday! @coingecko
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That is defintely one way to make a splash.
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I just spotted @coingecko today I was wondering about them, and was going to follow......
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That's awesome to know! :-)
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we love @socky steem going to rocket big time woohoo
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Looks like liquid Steem is making a comeback 👍
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I've been taking this all very seriously lately and definitely need to see the numbers presented this way. Helps alot. What do they have for a mechanism to control sp and inflation?
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More SP is good. It limits liquid STEEM. The mechanism to control STEEM production is that the print rate is reduced by 0.01% for every 250,000 blocks created in the STEEM blockchain.
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Cool, thank you for the help
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