Starting from today, SBD started getting burned 🔥
The amount of SBD to be burned is 1.05m. It's one ninth of SBD circulation.
As far as I know, the current STEEM Hair-cut price is around $0.15. I hope it will be improved soon.
By the way, it seems that the altcoin market started recovering.
One of exciting alts is $ZEC(Zcash). Take a look at the monthly candlestick chart 🤔 It broke 2021 ATH(All Time High), and is trying to surpass 2018 ATH.
Someone who bought ZEC in ATL(All Time Low) this cycle made around 4,700% profit. That would likely be a best example when Altseason 3.0 occurs in the future.
I'm glad to see some SBD getting burned, finally. Do you know if there are any plans to try to stabilize SBD around 1 USDT or such? If it's going to become a utility coin for Steem based commerce, it needs to be pretty stable...
0.00 SBD,
0.07 STEEM,
0.07 SP