Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
smooth
on 19/04/2016, 23:10:27 UTC
Quote from: rycon87 on April 19, 2016, 11:02:54 PM
Quote from: seedtrue on April 18, 2016, 05:16:14 PM
Quote from: johncassa on April 18, 2016, 05:00:34 PM
Rise up on Bittrex  Cheesy Cheesy Cheesy

I wonder what price will be like once withdrawn vests start rolling in?

I don't understand what vests are for. Are you implying a dump is coming?

VESTS are locked STEEM that get voting rights, dilution protection (essentially interest approximately equal to inflation), and can only be withdrawn over a period 104 weekly payments. Something >90% (maybe much higher, I haven't checked recently) of the STEEM supply is locked up in VESTS.