Get to Know Your Vests

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Most know this already, but for those that don't, Steem Power holders get 90% of the mining rewards, with the rest getting distributed to content creators and curators. Steem Power is also represented as Vests, since Vests take into account your inflation and better represent your "share" of Steem.  Just go to http://steemd.com to see for yourself.

Vests are easier to understand when represented by MV or 1,000,000 vests.  The cost of 1 MV, in terms of Steem, rises as Steem inflates.

So what's a million vests worth right now?

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Currently, at 10:24PM EST:

1MV -  315.690 Steem = 0.41392010 BTC = $251.25 USD

Steem -  0.00131116 BTC (Poloniex - last trade)

BTC - $607 USD (Rough Exchange Average)

Total MV =  448,756.434 MV

Total Steem Supply -  148,915,694.232 Steem

Current Liquid Steem - 7,247,742.835 Steem

Current Steem Dollar Supply -  2,377,604.201 SBD

Current Available MV (Liquid Steem Only) - 22,958.418 MV

MV Marketcap

Vested - 185,749.31 BTC = $112,749,829.98 USD

Available (Liquid Steem, Last Price Poloniex) - 9,502.95 BTC = $5,768,291.06 USD

Understand vests, and you may feel comfortable in one:

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Contributor Mentions:

steve-walschot@steve-walschot - http://steempay.io

roadscape@roadscape - http://steemd.com

 Meet me and @missjessica

Having "The Talk" with Outsiders

Welcome to Steemit! 

Get to Know Your Vests | Ecency