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RE: Steemit Crypto Academy Contest / S9W4 -: Blockchain Steem: Debt Vs Ownership
Dear brother
You have explained very well about the debt and ownership. In simple words its well understand and knowledge based.
You briefly told us the debt ownership effect on steem price, how it affect the steem value.
You briefly explained about the conversion of steem into sbd all steps are clear and to the point.
I appreciate your efforts.
I wish you success
Thank you for your kind words and feedback . I m glad that my explanation about debt and ownership Was easy to understand and informative .
Regarding the impact of debt & ownership on the Steem price its important to note that An increase in debt can lead to a decrease in the Steem value As It signals potential financial instability & risk. Conversely a decrease in debt can increase The Steem price as it reflects A more stable financial situation.
As for the conversion of Steem into SBD the process is relatively straightforward . First Steem is converted into SBD at a conversion rate of 1:1 . Then SBD can be withdrawn or traded for Other cryptocurrencies or fiat currencies. It s important to Note that there Is a conversion fee Of 1% and a 3.5-day waiting period before the SBD can be withdrawn .
Yeah thank you for brief knowledge it would be helpful for me.
Wish you success