A Closer Look Into the SteemCoinpan [SCT] Community and Tokenomics

in #sctlast year (edited)

The SteemCoinpan community is on of the most successful on the Steem Blockchain. It is a Steem Engine tribe for the Korean users. The Koreans are known for their passion for crypto 😊.

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Here I will do a closer look into the data of the tribe, the number of tokens issued, top earners, staking, activity on the web, prices etc.

The following topics will be covered:

  • Tokens distribution,
  • Top Earners in the last 30 days
  • Staking and top Stakers
  • Burning
  • Number of SCT users
  • Posts and comments activities on the platform
  • Posting from SteemCoinpan.com interface,
  • Votes from the @sct.voter and @sct.krwp account
  • Price Chart

SCT Tokens Issue

First, lets take a look into token distribution, inflation and how it is distributed.
Below is a chart that represents the daily issued SCT token.

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Note:
The first five days are excluded from the chart for better visibility. In those days there is more than a million tokens issued to the @sct account.

On average there is around 19k SCT tokens issued daily. On the monthly basis the number of issued tokens is between 580k to 600k tokens. Compared to some of the other tribes like PAL or LEO where there is around 5k tokens issued daily this is a higher inflation. But having good use cases is important as well.

Next, the cumulative issued tokens.

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A total of 4.3 M issued SCT tokens.

Top 10 SCT Earners in the last 30 days

Now that we saw how the numbers on the tokens are issued let’s see how those are being distributed. How much do the top 10 received and how much the rest? How many accounts earned SCT tokens?

Here is the chart of the Top 10 SCT earners in the last 30 days.

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Out of the 595k distributed in the period, the top 10 earned 388k or 65% share of the reward pool. A total od 395 accounts earned more than 1 SCT.

On the top with a large lead is the @sct.krwp account with more than 100k SCT tokens earned, next is the @sct.min account and @sct.admin account. All of these seems to be administrative accounts so to speak.

Staked Tokens

Staking is an important part of the tokenomics as it shows how much of the tokens are out of the market and put in use.

Here is the chart of the net staked tokens in the last 30 days.

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There not a single day with more unstaking than staking!
A total of 494k net SCT tokens were staked in the period. The number of users that staked more than 1 SCT tokens is 248.

Top 10 SCT Stakers in the last 30 days

Who is doing the staking? Here is the chart of the Top 10 SCT stakers in the last 30 days.

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Out of the 660k staked in the period, the top 10 staked 523k or 79% share of the reward pool.

On the top is the @sct.min account with more than 250k SCT tokens staked, next is the @krwp account and @ramires account.

Share of Tokens Staked

The pie chart of the tokens staked looks like this.

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A 94.6% tokens staked!
This is an amazing result in staking. Only 5% of the SCT tokens are liquid. The unstaking period for the SCT token is only 3 days.

Burning SCT

Daily, cumulative, top burn last 30
Burning tokens is an important metric as in a way it is a anti inflationary measure and it shows the use cases for the token or sinks.

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Note: There is a large sum of 680k tokens burned in the start, and that colon is cut off for better visibility.

A total of 1165661 tokens burned till 10/20/2019, with a 3300 daily tokens burnt on average.
This is a great result in burning tokens and it is consistent with tokens burnt daily.

The cumulative burn tokens chart looks like this.

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Nice and steady. The SCT community have a nice way for burning tokens consistently.

Top 10 SCT Burners in the last 30 days

Who is doing the burning? Here is the chart of the Top 10 SCT burners (not sure about this word 😊) in the last 30 days.

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Out of the 161k tokens burnt in the period, the top 10 burnt 72k or 45%% share.

A total of 255 accounts burnt more than 1 SCT token. This shows that the burning is quite diversified and is coming from a lot of users. One way for burning SCT tokens is for bids in SCT and this seems to be working.

SCT Users

How is the SCT community doing with the number of users?

Below is a chart with the number of unique users that posted with the sct tag.

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A total of 2752 unique user have posted with the #sct tag till this date.

Next, a chart for the new daily users in the last 30 days.

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A total of 321 new users used the #sct tag in the period

Activities on SteemCoinpan

Below is a char of the activities on SteemCoinpan, including posting and commenting from the SteemCoinpan interface and posting and commenting with the SteemCoinpan tag.

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We can see that the majority of the posting still comes from other interfaces with the tag #sct, but there is an increase in the last days on posts from SteemCoinpan.com

In the last period the Steemcoinpan community has made a change, and its rewarding with SCT only the posts made from their web.

Here is the chart only for posts from steemcoinpan.com interface.

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The strategy seems to be working and there are more posts coming from steemcoinpan.com interface in the last days. The number of the posts has more than doubled, from an average of around 60 before to more than 120 after the change.

Posts and comments from the Steemcoinpan web

Below is the chart on the posts and comments from the Steemcoinpan web, in the last 30 dys.

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More comments than posts. Nice interaction on the web.

Votes from @sct.voter and @sct.krwp account

I don’t know all the information how is the SCT community doing the voting with their accounts that holds a lot of SP but there seems to have been a change and the @sct.voter account stopped voting, and the @sct.krwp account started doing more of voting. The @sct.krwp account hold a one million SP at the moment.

Here is the chart on the number of daily votes from these accounts.

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The @sct.krwp has a nice number of votes.

Price

Here is the price chart with proper daily candles.

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The price seems to be holding around 2 STEEM with slow increase. It is pretty stable. The average volume is more than 5k STEEM per day.

All the best
@dalz

Sort:  

Thank you for your great reporting. The main reason of high level of sct staking rate are:

  • All authors can take upvoting from @sct.curator in proportion to how much SCT they stake
  • if a user have been staking more than 0.1% of total staking amount, he can get upvoted from @sct.down

I'm the staff member of steemcoinpan community. if you have more questions about our community, please visit our discord channel. https://discord.gg/gNjabKt

Thank you!

It is awesome!

The price of sct was stable during three months and the ratio of staking was impressive.

A 94.6% tokens staked!
This is an amazing result in staking. Only 5% of the SCT tokens are liquid. The unstaking period for the SCT token is only 3 days.

The price seems to be holding around 2 STEEM with slow increase. It is pretty stable. The average volume is more than 5k STEEM per day.


Let me answer your question.

I don’t know all the information how is the SCT community doing the voting with their accounts that holds a lot of SP but there seems to have been a change and the @sct.voter account stopped voting, and the @sct.krwp account started doing more of voting. The @sct.krwp account hold a one million SP at the moment.

@sct.krwp account is voting the post of users that have KRWP once a day.
You can get KRWP after setting beneficiary as "sct.krwp". Or you can buy KRWP on steem-engine exchange.

Thank you for detail analysis!!

Thanks! It was a challenge doing it :)
Thanks for the clarifications as well!

Also steemcoinpan has some programs for SCT holders (the users that staked SCT).

@sct.curator, @sct.down vote the posts of the holders.

It is notice about steemcoinpan curation service.
https://www.steemcoinpan.com/sct/@jacobyu/notice-sct-curation-service

omit gave dalz gifts(10 SCT).

Thanks :)

happyberrysboy님이 dalz님의 이 포스팅에 따봉(10 SCT)을 하였습니다.

Thanks!

kcc님이 dalz님의 이 포스팅에 따봉(10 SCT)을 하였습니다.

naha님이 dalz님의 이 포스팅에 따봉(5 SCT)을 하였습니다.

Excellent report.

Thanks!

Hi, @dalz!

You just got a 12.03% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 4 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 4 SBD worth and should receive 143 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,
trufflepig
TrufflePig

Hi @dalz!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.763 which ranks you at #5300 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 96 contributions, your post is ranked at #55.

Evaluation of your UA score:
  • You're on the right track, try to gather more followers.
  • The readers like your work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

Excellent report!