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RE: Found : The Crypto for mainstream adoption

in #cryptocurrency • 7 years ago

SBD is what steem owes u. Steem will convert the value of steem to make 1$BD. So if steem is worth 50 US cents, steem will need to convert 2 steem to give u 1$bd. So no matter the value of steem, your SBD will always be worth 1 USD.

7 years ago in #cryptocurrency by
$0.22
  • Past Payouts $0.22, 0.00 TRX
  • - Author $0.18, 0.00 TRX
  • - Curators $0.04, 0.00 TRX
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     7 years ago 

    Thank you, @foovler. That is an easy-to-understand explanation. Can you help me more please:

    1- Who pays for the Steem used to convert the SBD? Is it withdrawn from the reward pool?

    2- How does the system know the price of Steem? Does it have a live feed from exchanges?

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    • Past Payouts $0.20, 0.00 TRX
    • - Author $0.15, 0.00 TRX
    • - Curators $0.05, 0.00 TRX
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     7 years ago 

    Thanks mate for explaining it clearly.

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    • Past Payouts $0.03, 0.00 TRX
    • - Author $0.02, 0.00 TRX
    • - Curators $0.01, 0.00 TRX
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     7 years ago 

    Forgot to add.. unless value of steem is zero...

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