STEEM where is it going and WHY?
Why STEEM?
When I look at the principles STEEM is founded I just can’t see how it could fail. Yes anything can fail no matter how successful it has become. I encourage you to read the white paper of STEEM
Abstract copied from STEEM Whitepaper https://steem.io/steem-whitepaper.pdf
Steem is a blockchain database that supports community building and social interaction with cryptocurrency rewards. Steem combines concepts from social media with lessons learned from building cryptocurrencies and their communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects each person’s contribution. Steem is the first cryptocurrency that attempts to accurately and transparently reward an unbounded number of individuals who make subjective contributions to its community.
This gives me hope when I read and go through the foundation of STEEM. I believe after a few more rough edges are ironed out STEEM is going to soar like an Eagle to new heights.
Current Allocation & Supply (copied from STEEM whitepaper)
Starting with the network’s 16th hard fork in 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. The inflation will continue decreasing at this pace until the overall inflation rate reaches 0.95%. This will take about 20.5 years from the time hard fork 16 went into effect. Of the new tokens that are generated, 75% go to fund the reward pool, which is split between authors and curators. Another 15% of the new tokens are awarded to holders of SP. The remaining 10% pays for the witnesses to power the blockchain.
STEEM has done amazing work creating this platform.To me it’s remarkable.
I like to watch STEEM and learn from the pro’s from this website. You get a lot of knowledge learning from others. https://www.tradingview.com/symbols/STEEMUSD/
I bought more STEEM at the low 2 days ago and I’m already up $4000. The short gain is exciting, however I’m in this for the long haul.
I’ve made a 5 year commitment to stay long in STEEM.
I believe it will be well over $100 a share by than.
I'm not a professional and my estimate is based on my opinion only.
Ya I think BIG and so should you :) STEEM ON, To THE MOON