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RE: TIL: How much STEEM is added to the reward pool per day?
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 :)
Can one sum this up as: "there's about 24 000 000 new STEEM being produced each year" ?
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.