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RE: Debt Ratio's Impact on the Authors' Rewards on Steem- Understanding the Current Situation
SBD Market Capitalization = 11268210.807 X $2.40 (Market Price) = $27,043,705.9368
I don't think the market price of SBDs is used in the calculation by the blockchain. The ratio that the blockchain cares about is the one for SBD -> STEEM conversions, which want to treat 1 SBD as being worth $1 USD.
Thanks for the observation, friend. I have studied a few journals on the internet that have followed the same steps I utilized but I noticed that those times, the market price of both assets were very close (Say, SBD = $3.2 STEEM = $3.32) or when SBD was around $1 or slightly below. I now have the understanding of putting the $1 peg of SBD into consideration on the Steem blockchain and the calculation has been edited. Thanks once again.