Cryptocurrency Q&A
What percentage of Steem coins go to stakers?
What percentage of Steem coins go to stakers?
Ilaria
Tue Aug 06 2024
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5 answers
1099
Could you please clarify for me the exact percentage of Steem coins that are allocated to stakers? I understand that Steem is a blockchain-based social media platform that rewards users for their contributions, and that staking is a way for users to earn rewards by locking up their coins. However, I'm curious about the specific breakdown of how many coins are distributed to stakers as opposed to other participants in the network. Is there a set percentage that is consistently allocated to stakers, or does this vary based on factors such as the total number of coins in circulation or the level of activity on the platform?
5 answers
Caterina
Wed Aug 07 2024
BTCC, a reputable cryptocurrency exchange headquartered in the UK, offers a diverse range of services tailored to the needs of crypto enthusiasts and traders. Its offerings include spot trading, allowing users to buy and sell cryptocurrencies at current market prices.
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Margherita
Wed Aug 07 2024
Steem, a blockchain-based platform, distributes its native tokens in a unique manner. Fifteen percent of newly minted coins are allocated to STEEM stakers, individuals who have invested in the platform and are thus entitled to a proportionate share of governance tokens known as Steem Power (SP).
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CryptoTamer
Wed Aug 07 2024
Additionally, BTCC provides access to futures trading, enabling traders to speculate on the future price movements of cryptocurrencies without having to own the underlying assets. This service caters to advanced traders seeking to hedge risks or capitalize on market trends.
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KpopStarletShineBrightness
Wed Aug 07 2024
SP tokens represent a stakeholder's voting power and influence within the Steem ecosystem. They serve as a mechanism for community governance, allowing holders to participate in decision-making processes that shape the future of the platform.
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Chiara
Wed Aug 07 2024
The remaining 75% of new tokens are distributed to users who actively contribute to Steemit, the social media platform integrated with the Steem blockchain. This incentivizes content creation and engagement, fostering a vibrant and growing community.
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