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RE: Brand New Gridcoin Resource - in the works!
Newbie question here.. This almost $7 displayed as a "pending payout" is this the USD equivalent of STEEM I will receive? I guess I could just wait and see what happens... But I'm curious!
Depends. What payout did you pick? If you selected the 50/50 option (which you should at the moment), then the split is like this:
Out of your 100% of rewards ($7), 25% goes to curators (voters). This leaves you with 75% of the total ($5.25).
The 50/50 split means you get half of that as SP (locked down STEEM) and half as SBD (Steem dollars). You get:
The total value of this will be 0.4 SP *USD$6.58 + 2.625 SBD * USD$8.56 = USD$25.10
If you picked the 100% power up option for your post, then you get 75% of the post value paid in SBD. In that case, you get 0.75 * 7 = $5.25 worth of SP = 0.8 SP = USD$5.25
As you can gather, SBD is currently stupidly overvalued.
Well, I did 50/50. So I guess that's good? I'm confused at how it ends up equaling $25...
SBD is worth a dollar, but currently trading at USD$8.56.
So does it make sense to buy STEEM with the SBD I'm given, and then power-up with that STEEM? I'm looking at the market currently.. Is it that simple?
I'm still trying to figure out the whole powering-up deal, but so far I think it just means having more leverage on the site. I'm doing this "Free-to-Play" so to speak currently, so I'm just trying to figure out my best move.
I wrote you a guide
Thank you so much @dutch!