Why Steem Median value is stucked?

in #steemit3 years ago

Steem Median value is one of the most important parameter to calculate the vote values in steem posts.
We can see that value from https://steemnow.com/

But, it is a long time the median value is showing as $0.40

What i know is median is determined by steem price in market. Nowadays its price is less then $0.40.

Anybody knows what is the reason or is it the real/actual value?

@penguinpablo ?

Sort:  

just be patient steem wil move up soon

It is part of the mechanism that limits SBD to 10% of Steem total market cap. In fact the median value should not be used to calculate estimated post payouts, but until this mechanism kicked in there wasn't a difference.

I had noticed it but I thought it was an update problem related to steemnow.com

Now i start to wonder :S

$0.40 is the payout ratio of SBD
For example, you get 5 STEEM, SBD=5*0.4/100=0.02

Nexty is a great platform. Zero transfer fee is what i like best in nexty. With nexty payment online, u will have not to be about the expensive fees anymore.
Load up #nexty from idax exchange. Currently trading at 2sats. Huge returns awaits on the long run.

Coin Marketplace

STEEM 0.39
TRX 0.07
JST 0.050
BTC 41779.05
ETH 3109.92
USDT 1.00
SBD 4.64