Post
Topic
Board Announcements (Altcoins)
Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
thereverseflash
on 17/04/2016, 15:21:17 UTC
how much total coins in STEEM?

  "current_supply": "19258974.000 STEEM",

Many are locked up however.


what do u mean locked up? it has premine in some wallets?

No, I mean using the convert_to_vesting command in the wallet. That converts STEEM to VESTS, which can't be transferred, are protected from dilution (approximately means they earn interest) and can only be converted back to STEEM in 100 weekly installments. Most of the supply is VESTS now.

  "total_vesting_fund_steem": "17756500.467 STEEM"

There is also this, which I think is some kind of airdrop I don't understand

  "total_reward_fund_steem": "1329932.000 STEEM",


Reward funds get distributed based upon content submissions and voting on July 4th... that is the first one.  After that it is continuous.  Anyone can earn part of the reward fund by contributing and posting about it on the blockchain.