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

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

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crypto.girl (51)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 crypto.girl (51)

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penguinpablo (75) 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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sorin.cristescu (71) 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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steamsteem (-7)(1) 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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