SBD Potato Day 12: Potatoes come in many shapes and sizes!
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Vote for this post to help fix the Steem Dollar Peg!
Incase you missed it; here is THE LINK to the intro post about @sbdpotato.
TlDr, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!
Today's SBD Price (Spot): 0.628USD
Current Debt Ratio: 17.13%
Target Debt Ratio: 9.90%
What do you get out of supporting @sbdpotato?
Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.
In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.
You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.
Conclusion and Disclaimer
As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.
I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.
Sponsors
If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sectiona and pledge to vote for @sbdpotato daily and/or include @sbdpotato as beneficiary of your own posts!
I don't have any banner. I'll just drop my worthless vote instead
Same here!
you have value too!
Everyone has value, thanks for voting!
Potato is a vegetable that adapts to every variety.How many types potatoes are there on earth?
I'm not sure do you know how many?
I know two or three types of potato varieties, but I don't know exactly how many potatoes there are on earth.
This post earned a total payout of 27.651$ and 20.790$ worth of author reward which was liquified using @likwid. To learn more.
Thanks infomations.
Good writing
So how do you not "derive any monetary value" from this?
He already said on one the earlier posts that the rewards will be used for some community purpose such as being burned, donated to DAO, donated to a charity, etc.
lol ok so just trust him right?
Trust him or don't, it is your choice.
From what I've seen in a few years that he's been here we don't have a lot to worry about when it comes to the few hundred dollars at stake at this point. Perhaps in the future it could become a real concern but not now.
Thanks for vouching for me @smooth, I have been custodian of even 28K USD for billboards and I followed through and spent the funds accordingly. My reputation and honour means more to me than obtaining funds in an ill-gotten way.
Thanks for the post.
Thanks for the post.
!likwid
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