Sbd Near 80c on Bittrex Should Interest Rate be Raised?
With sbd trading at the lowest I have seen it and the system approaching the 2% sbd% of Steem that will in the future lead to a reduction in sbd issuance, at what point do we consider a higher interest rate?
I see a few other steps that could come first:
- highlight the sbd interest rate. a lot of people don't know it pays 10 percent. Maybe it should say it on the wallet page.
- daily interest? if users saw a small amount of interest once a day they may enjoy holding sbd.
- wait till the new supply constraints go in a lower supply might help the price
- raise interest rates. This will be more powerful after the first three happen.
I know as a relatively newSteemer, I had no idea about the 10% interest, and as Steem builds power, it makes sense to advertise the interest rate to start the snowball.
It can change but right now it's 10 percent. Read some post on sbd to better understand how it works.
https://steemit.com/hot/sbd
This one is good
https://steemit.com/sbd/@bacchist/emptied-cold-storage-to-buy-sbd-converted-sbd-to-steem
I think dragonslayer found your post. You could get highlighted.
I definitely agree that the interest needs to be more visible.
I think they're very reluctant to change the interest rate, though.
THIS^^^
No need to increase interest. It is already to high!Anything higher will look very scammy (if not already)
I had raise interest rates number 4 because the first three ideas would all help. Let's see how the new limits in supply work.
Down to 0.79 cents in bittrex!
Daily interest would be nice but I don't have enough sbd to notice it. Maybe I would put more in.