Potato Self-Policing the Trending Page
Many of you will love this picture after seeing Mr Potato Head so often on trending, Some user are right in saying the project is paved with good intentions but is clogging up the trending page, we can understand that and will see what can be done. The idea is to get the posts automated in the next week or so and cap the max post earning to say $35 and issue 2 to 3 posts per day which stay below the top of trending, until then @sbdpotato will continue to post as is but will dial back on posting every second day instead.
The ideal solution is if @sbdpotato was funded via the SPS (Steem DAO) because then the trending page wouldn't be affected at all. Please vote for this proposal so we can rely less on the trending page for the @sbdpotato project: https://steemit.com/sbdpotato/@thecryptodrive/no-brainer-sbd-potato-top-up-proposal
It will also be great when communities are live because then such posts won't interfere with other communities. It is exactly this that shows the dire need for communities on Steem.
Now automated at 10-minute intervals, if there is STEEM present in the account the bot will sell it on the internal market for SBD at a max rate of 300 STEEM per cron interval, this rate can be adjusted in Config Vars.
Thereafter, all available SBD is placed into conversion automatically.
The code repository can be seen on this Github link.
Feel free to follow the conversion progress via the links below:
Vote for this post to help fix the Steem Dollar Peg!
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): 0.594 USD
Current Debt Ratio: 15.87%
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
All images used a royalty-free, courtesy of pixabay.com.
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.
If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sections and pledge to vote for @sbdpotato daily and/or include @sbdpotato as a beneficiary of your own posts!