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Steem Allocation & Supply

Steem Allocation & Supply

Since December 2016, Steem began creating new tokens at an annual inflation rate of 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year.

Of the new tokens that are generated: 

  • 75% go to fund the reward pool, which is split between au...

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MORE IDEAS FROM THE SAME ARTICLE

Steem is a blockchain that supports community building and social interaction with cryptocurrency rewards. The concept of Steemit is like a decentralized version of reddit.com.

Steem aims to support social media and onl...

Steem's challenge is to create a system capable of identifying the contributions that are needed and their relative worth, using a methodology that can scale to an unbounded number of people. Steem is designed to enable effective micropayments for all kinds of contributions by changing the econom...

In 2020 Steamit.com, the biggest platform where for the Steem blockchain was aquired and it seemed the descentralized advantage vanished as a private actor owned 80% of the coins. 

The community forked the project and a competing platform called HIVE launched to compete with Steem. 

  • Content creation
    Create interesting and valuable content on Steemit to earn STEEM as a content creator
  • Freelance work
    Offer your skills to the community
  • Take part in Contests and Challenges
  • Lease/Renting...

Steem has 3 different asset classes: 

  • Steem (STEEM)- the liquid currency. You can earn it by posting, commenting etc...
  • Steem Power (SP) - Users are able to commit their STEEM to a 13-week vesting schedule, providing them with ...

Steem’s blockchain (Graphene) is a variation of the Bitcoin Blockchain. It also powers Bitshares and EOS:

  • A block is created every 3 seconds.
  • The consensus algorithm involves 21 witnesses who verify the blocks.
  • Each block contai...

Steem aims for a fair and inclusive social media through crypto:

  • Everyone who contributes to a venture should receive pro-rata ownership & payment from the venture. Just like when startup allocate shares through investement rounds. 
  • All forms of capital...

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