[PSA] SBD Conversion Back on the Table
1 SBD is currently worth $0.8139177
The Steem blockchain always assumes that 1 SBD is worth $1 when doing the conversion process. Therefore, you can receive a 18.6% bonus IF the conversion rate remains constant.
There's a Catch
The conversion process takes 3.5 days to execute and if the value of 1 SBD spikes over $1 your bonus could become a penalty. Therefore, execute the conversion at your own risk and watch the broader crypto markets .
How do you know what is going to happen in the future?
I cover the STEEM token and where the SBD is going in my Daily Investor Report. The entire crypto market is down and appears like it will remain down for the next week. Tune in and follow to keep up with the daily price movements of STEEM.
Well, that all escalated rather quickly, huh?
I'm not sure what you're referring to?
Ah, I was just speaking of the price movements, generally. Seems like barely a week ago we were converting north of $1.30 on the internal market.
Yes, the peg does not seem to be functioning that well. We may need to relook the mechanisms for maintaining it.
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