Club5050 was soft-launched on 15th Oct, and it went official on 18th Oct 2021. Since then, many users in Steemit led initiatives have been rallying around this cause and trying to balance their cash out with an equal amount of STEEM Power Up so that the Exchange inflow should not fundamentally undermine the price dynamics of STEEM.
Club5050 is a much-needed initiative for the healthy correction of the distorted Liquid Vs Staked Reward to parity(due to overvalued SBD).
Today is the 18th of Nov 2021, and we have already spent one month since the Club5050 initiative was announced.
So let's dive into the stat of STEEM Power Up Vs. STEEM Power Down for the period- 16th Oct to 16th Nov 2021.
I have organized all the STEEM Power Up and STEEM Power Down data in a spreadsheet from 16th Oct to 16th Nov 2021. You can visit this Spreadsheet, should it pique your interest.
STEEM Power Down(16th Oct to 16th Nov 2021)
A total of 6.2 Million STEEM powered down from 16th Oct to 16th Nov 2021. The total nos of unique users who powered down stands at 2088.
To know the entire list of users with SP quantity, please open the Spreadsheet.
List of Users with at least 1000 STEEM Powered Down
A total of 316 users have powered down during the specified period(STEEM Powered Down >= 1000 SP)
STEEM Power Up(16th Oct to 16th Nov 2021)
A total of 3.728 Million STEEM powered up from 16th Oct to 16th Nov 2021. The total nos of unique users who powered-up stands at 4528.
To know the entire list of users with SP quantity, please open the Spreadsheet.
List of Users with at least 1000 STEEM Powered Up
A total of 332 users have powered up during the specified period(STEEM Powered Up >= 1000 SP)
STEEM Powered Up(3.728 Mil) Vs STEEM Powered Down(6.2 Mil)
STEEM Powered Up- 3.728 Million STEEM
STEEM Powered Down- 6.2 Million STEEM
37.55% Vs 62.45%
Difference between STEEM Power Up and STEEM Power Down= 6.2-3.728= 2.472 Million STEEM
So to bring the Club5050 status to parity, for the entire Steem Blockchain, it needs another 2.472 Million STEEM Power Up.
Analysis
Steemit led initiatives, and the voting by Steemcurator01, Steemcurator02, Booming segment, etc. continue to probe the Club5050 status of a User before they vote a post.
Now let's analyze how much the Club5050 initiative can save with the major community curator accounts of Steemit led initiatives.
Optimal curation can cast only 10 votes at 100% VP per day, so the monthly figure with optimal curation is 300 votes at 100% VP.
25% of the post payout matures in SBD(liquid reward) in general.
If we take 11.5 STEEM per SBD(on average), then the liquid STEEM that each of the Steemit led community curator accounts(major) can produce is tabulated as follows:-
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All the major accounts put together can generate 0.86 Million liquid STEEM per month.
The current STEEM Power Up Vs. STEEM Power Down ratio stands at 37.55%: 62.45%(for the entire Steem Blockchain).
Of the 0.86 Million liquid STEEM, 50% is already being powered up by the users(0.43 Million STEEM), so if we go for 100% power-up of the liquid rewards for a month, another 0.43 Million STEEM will be powered up at max.
With that, the STEEM Power Up will rise by 0.43 Million SP(monthly).
With 100% Power up from Steemit led initiatives can push the STEEM Power Up to a max of:-
STEEM Power Up= 3.728+0.43= 4.158 Million
The projected ratio with 100% Power up from Steemit lead initiatives:-
40.14%:59.86%
Put simply, the Steemit led initiatives can push the STEEM Power Up Vs STEEM Power Down ratio by a max of 2.59%. (Assuming all the users of Steemit led initiatives to power up all of their liquid SBD).
Thank you.
Disclaimer- This post is just for analytical purposes only. The actual ratio of STEEM Powered Up Vs STEEM Powered Down may vary significantly depending on the macro fundamentals and broader market sentiment of the Crypto segment.