When Blurt forked from Steem four years ago, a lot of exchanges received Blurt corresponding to the deposits of Steem they held.
ProBit enabled Blurt trading and airdropped the legacy Blurt to people who held Steem on their platform. But other exchanges didn't, resulting in orphaned Blurt.
Here is Bittrex's wallet:
https://blocks.blurtwallet.com/#/@bittrex
It has 21,137,142.261 liquid Blurt and 4,829.697 Blurt power.
Here is Poloniex's wallet:
https://blocks.blurtwallet.com/#/@poloniex
It has 2,712,761.007 liquid Blurt and 976,802.809 Blurt power.
Here is the Binance wallet:
https://blocks.blurtwallet.com/#/@binance-hot
It has 18,179,304.186 liquid Blurt and 8,110,683.964 Blurt Power.
Upbit and other exchanges also have a lot of Blurt. You get the picture. None of the wallets have any transactions in them. The coins haven't moved since the fork.
Bittrex and Poloniex have now ceased trading. Because Blurt wasn't listed on their exchanges, the auditors winding down the exchanges would not have counted Blurt coins as assets (hence the coins not moving).
I presume when those two exchanges are fully wound up, the keys to the wallets are destroyed.
Hence Blurt has a LOT less coins in circulation than either Hive or Steem.
Yes. This is why someday Blurt will be much more valuable than either Hive or Steem, so I’m buying as much as possible and powering up to earn 50% from curation.
You know the transaction fees we pay when we post or vote? Are they burned, or are they given to the witnesses?
If they're burned, it's rather an efficient way of reducing supply.