Incase you missed it; here is THE LINK to the intro post about @sbdpotato.
TlDr, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!
Today's SBD Price (Spot): 0.628USD
Current Debt Ratio: 17.13%
Target Debt Ratio: 9.90%
Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.
In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.
You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.
As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.
I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.
I vote your post but.......
I feel reasonably confident that YOU know better than just about anyone that SBD were never pegged to the USD !!!!!
The deal was that 1 SBD could be exchanged for 1 USA $ worth of Steem. A lot different than being pegged to the US dollar, is is not? It kind was but not really.
I would really appreciate understanding why SBD were killed. In terms of giving people good reasons to engage by Posting or making comments so they can earn SBD they were a winner. So killing them must have had a negative influence? Especially as they were trading on the open markets for way way more than 1 US Dollar! The ability to earn SBD was a huge draw for new users.
Only a few people will read this otherwise I would not ask so publicly
So how do you not "derive any monetary value" from this?
I don't have any banner. I'll just drop my worthless vote instead
Potato is a vegetable that adapts to every variety.How many types potatoes are there on earth?
Thanks for the post.
Thanks for the post.
This post earned a total payout of 27.651$ and 20.790$ worth of author reward which was liquified using @likwid. To learn more.