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RE: Condenser Pull Request Submitted: Added Warning to SBD->STEEM Conversion Page

in #sbd7 years ago

So if the convert tool is 1:1 does this mean SBD is ALWAYS more valuable than steem? It seems if steem is $2 and you can trade 1:1 then SBD is also $2 (or more), but at the same time the ideal conditions for using such a tool are likely to be increasingly rare. It should definitely have warnings to explain this kind of problem before too many new people go converting all their SBD at times like these.

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I'm not sure if that is the right understanding. SBD is supposed to give you 'approximately one USD worth of STEEM'. How many STEEM tokens that is depends on the STEEM price.

  • If STEEM is $0.10, you would get 10 STEEM tokens per 1 SBD.
  • If STEEM was $1.00, you would get 1 STEEM token per 1 SBD.
  • If STEEM was $10.00, you would get 0.10 STEEM token per 1 SBD.

ok I think I get it now, I missed a key point of info there, thanks for the clarification ^_^