Burned tokens, rewards, and inflation summary June 11, 2022 - Estimated beneficiary burn since May 29: 6,492 STEEM
Steemit launched the #burnsteem25 initiative on May 22, and the corresponding rewards started being delivered to @null on May 29. Since then, I have been playing around with PowerBI and steemdb.io to put together some visualizations of some related blockchain numbers. I thought that STEM Saturday might be a good day to post periodic updates.
Slide 1: Burn amounts in beneficiary rewards and transfers to @null.
The visualization on top shows the daily SP/vest burn amount in beneficiary rewards, and the one in the middle shows the same numbers on a month to month basis. If liquid rewards were also included, those numbers would be doubled. From May 29 until today, the burn amount is reported at 3,246 - which makes the total 6,492 after accounting for liquid rewards.
The visualizations on the bottom show transfers to @null - STEEM on the left and SBD (for /promoted) on the right. To the best of my knowledge, transferring STEEM to @null has zero promotional value, so the chart is just included for completeness.
Slide 2: Rewards summary
Curator rewards use the scale on the right, author and beneficiary rewards use the scale on the left. Beneficiary rewards in this chart (red) have been adjusted in order to account for both SP and liquid rewards.
Slide 3: STEEM & SBD Supply as well as vested (i.e. staked or "powered up") STEEM
The two graphs on the top represent the same numbers. On the left-hand side, the axis is scaled to zero. On the right, it zooms in on the top of the chart.
In the bottom chart, don't read too much into the fact that the two lines appear to correlate. A lot of that is just from PowerBI's automatic scaling.
For SBDs, it might be interesting to break out how many are in @steem.dao.
I was thinking that, too. Not sure if I can that get historical information from steemdb.io, though. I'll add it if I can find it.
social blockchain related coin has a high rate of production. This too much production can affect a lot of price itself. So burning is a good decision.
It's nice to organize burn events. You did what you could about it. Someone else should create a different use for Steem. Steem should be used in different areas so that people find it worth buying.
Those who burn Steem should be given SBD in return. It should be the same value. Steem is the main coin of the blockchain.
I myself, am more interested in burning SBD, although in very small amounts as a post promotion.
Even if it feels like a drop of salt spilled into the sea. 😃😃
Some of the posts that I use for promotion costs, seem to move up a bit to the top of the homepage, and get a higher payout value than usual. Is that a positive impact from it? I'm still not sure about that either.
I see people doing #burnsteem more by setting the payout to @null, maybe they are worried about being considered out of the club.
I Hopefully, transferring SBD to @null doesn't count as leaving the club.
Hi @remlaps-lite ,I convert everything I have received in STEEM into SBD , the price of this has always surpassed the other , I think it will always be like that , so I prefer SBD to STEEM , I went through what I went through