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RE: TIL: How much STEEM is added to the reward pool per day?

in #steem • 7 years ago

I'm confused. If the inflation will decrease from 9.5% to 0.95% and there will be much more users and posts published to that time, people will earn almost nothing, right?

7 years ago in #steem by
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     7 years ago 

    The supply of STEEM grows exponential instead of linear. For example:

    • 9.5% of a supply of 250,000,000 is 23,750,000 new STEEM per year.
    • 10 years later: 5% of a STEEM supply of 479,000,000 is 23,949,932.76 new STEEM per year.

    Besides, the price of STEEM will be much higher 10 years from now :)

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     6 years ago 

    Can one sum this up as: "there's about 24 000 000 new STEEM being produced each year" ?

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       6 years ago (edited)

      Steem inflation rate decrease roughly from 10% to 1% in 20 years,

      but
      roughly regardless of the inflation rate decrease, ?

      Steem block genration reward is about 1.5 Steem every 3 sec.
      about 50 k Steem everyday, 20 M Steem every year ?

      while Current total is about 275 M Steem.

      Interesting and important point.

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