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RE: Introduction to VIVA, part 4 : How do you bootstrap a new economy?
So if we buy in SD do we get roughly 10 x the amount (since Steem is about 10 cents)?
So if we buy in SD do we get roughly 10 x the amount (since Steem is about 10 cents)?
Excellent question!
Each day's batch is a fixed allotment of coins. Whether you settle in steem or steem dollars the credit is the same $1 USD/per so unless the price of steem happens to swing past $1USD your best deal would be to settle in steem.
Thanks for asking!
OK:)
Just one more question - where do we send our Steem - or will it be announced tomorrow?
The account to follow for both the auction and settlement is @vivacoin
I'll be resteeming the post for my followers and also commenting on it, but @vivacoin is run in shifts by the whole vivacoin team.
OK thanks. Will keep an eye out:)