You are viewing a single comment's thread from:

RE: How To Increase The Value Of Steem - The Ultimate July 4th Strategy!

in #steem4 years ago (edited)

The rewards are in STEEM Power and Steem Dollars. More than half of the rewards will be locked up in STEEM Power (half of content rewards are STEEM Power and all of curation rewards are STEEM Power). That's my understanding at least. If that is correct then only 25% will be in Steem Dollars.

No liquid STEEM... therefore there will be no immediate ability to trade on exchanges with STEEM on the 4th.

Steem dollars take a week to convert to STEEM if not selling them directly. Any market action would therefore take place on the 11th. The Steem market cap that affects the Steem Dollar allocation are the prices this week.

Sort:  

Steem dollars take a week to convert to STEEM if not selling them directly.

What? This is the first I've heard that. Any references or links for that painful detail?

Only when converting to liquid STEEM. SD can be traded directly when the token is itself tradable on an exchange.

Thanks for that Gavvet, I did originally put 25% but didn't want to confuse people, thanks for the info on Steem and SD as I'd forgotten that.

Still though, we want people to hold

CG

Coin Marketplace

STEEM 0.15
TRX 0.03
JST 0.022
BTC 13504.49
ETH 383.59
USDT 1.00
SBD 0.99