SBD Down to $ 0.85, change post rewards to 100% Power up.steemCreated with Sketch.

in #steemit7 years ago

graph-36929_960_720.png

What is a SBD?

A SBD, or Steem backed dollar is a currency especially for Steemit, which will be used to keep the authors interested to write stories on Steemit. The SBD, if you write a post is just being rewarded as the default of every post rewards is 50%50%. You can find a very good explenation of what SBD is here in this post made by @dantheman.

As you can see SBD is made to be worth around $ 1.00. Right now, at this very moment the SBD has decreased to $ 0,85, which means there is to many SBD in the market at the moment. I feel the urge to show you and let you know how we all are able to put in some effort to get this price back up!

SBD1.png

How can we make sure there is less SBD in the market?

Offcourse the price of Steem Backed Dollars is related back to the market. If there are more SBD offered then bought, prices go down, and this is also for the other way arround. This means we all have to participate to get the price back up. How we do that? When you write a post you can see a small box At the bottom, like shown bellow in the picture.

SBD4.png

As you can see the deafult is 50%/50%, which means 50% of the post will be payed in Steempower and 50% will be payed in SBD. Just change the post to 100% power up, it is a s easy as that. This has to advantages;

  1. Less SBD which will influance the price of SBD, which will pushed back up
  2. More voting power among all of us which will make the rewards on posts go up.

Please resteem, as it is important for us all to read. Thanks.


steemit.jpg


Want to start cloudmining? Use my Genisis Mining code: EHLNrP

Sort:  

Guess I just messed up!

Nice info, thanks for yor shearing @gindor

Upvote my post