When will SBD print?
Assalamu Alaikum friends,
SBD payout has been stopped since about 1.5 years. Will the SBD pay out again, and how long will it take to start? What will be the benefits if SBD is introduced? I will present all these in today's blog. Hope you like it. So let's get started without delay:-
SBD print was stopped to protect the Steemit platform from inflation after Steem and SBD price down. This is because it is a decentralized social media platform and all systems are operated on a "Proof of Brain" basis. So anyone can't turn SBD on or off at will.
Its programming mechanism is designed in such a way. So that the platform can be protected from downtime for a long time. Bitcoin price has been pumping for the last few days and Steem is performing well with it. With Steem's price pumped up, everyone's hopes for SBD have risen again.
Everyone now wants the SBD payout to start. There are a few steps to go through to start paying out. Its main topic is "SBD Debt Ratio". Currently, the SBD Debt Ratio is 25% and Steem's price is 0.295$.
Recently, I did a calculation when the Steem price was 0.18$. Then SBD Debt Ratio was 41%. That is, the SBD Debt Ratio has decreased by about 16% when the price of Steem increases by $0.115. As the SBD Debt Ratio has to be below 10% to print SBD and currently it is at 25%. That means 15% SBD Debt Ratio should be reduced.
15% SBD Debt Ratio reduction requires Steem to go 0.38% - 0.40%. However, the SBD Debt Ratio will come down below 10% and the SBD payout will resume as before. Currently, according to the market position of Steem, it is expected that within the next 3-4 days, the SBD payout will start by pumping up the Steam price more.
Once the SBD payout starts, the Steem payout will increase by about 3x to 4x. That's basically why everyone is eager for SBD payouts.
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