Conversion Report
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.
If you would like to see the code in action, donate STEEM directly to @sbdpotato and watch the bot do its thing on https://steemd.com/@sbdpotato.
Feel free to follow the conversion progress via the links below:
Conversions in progress (API): 3,103.278 SBD (187 conversions)
Total conversions since inception (API): 17,413.351 SBD (837 conversions)
Vote for this post to help fix the Steem Dollar Peg!
In case you missed it; here is THE LINK to the intro post about @sbdpotato.
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 (Bittrex): 0.94 USD
Current Debt Ratio: 12.79%
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.
When the @sbdpotato funds are no longer required to support the peg, they will be sent to @steem.dao where the community can then decide what they should be used for.
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.
Sponsors
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!
Additional vote #1
This post earned a total payout of 10.147$ and 7.629$ worth of author reward which was liquified using @likwid. To learn more.
Additional vote #4
This post earned a total payout of 9.936$ and 7.471$ worth of author reward which was liquified using @likwid. To learn more.
Additional vote #2
This post earned a total payout of 4.723$ and 3.551$ worth of author reward which was liquified using @likwid. To learn more.
Additional vote #3
This post earned a total payout of 4.688$ and 3.525$ worth of author reward which was liquified using @likwid. To learn more.
:D
This post earned a total payout of 13.400$ and 10.075$ worth of author reward which was liquified using @likwid. To learn more.
Congratulations @sbdpotato! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
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STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!
Why is it when I vote the estimated rewards go down instead of up? Yes, that's what I see.
Not sure what exactly you are seeing but it might have to do with the max payout on these being capped at $25. That feature hasn't been used much before and bugs or glitches in the UI would not surprise me.
More importantly though, if you are voting something already at or above the cap, your vote is being wasted since the payout is only going to be $25 anyway. If you want to support the initiative I would suggest looking to the "additional vote" comments, which seem to get get fewer votes, or possibly another top level post that is below the cap.
What he means is, when voting on comment or this post (while under 25$ reward) sometimes it shows that the payout drops, in stead of increasing. I do see the same, but after refreshing the page the payout value seems to be correct again.
I see 5he same, but after refreshing I guess it shows the proper value
@sbdpotato Additional vote @sbdpotato!!!
Looking forward to your fabulous work!!! I have gone through many of your posts you are really dedicated to this platform!!! Hat's off!!!
Good luck for your future articles!!! Keep steeming and one last thing that I would really appreciate and feel good if you go through my content and give your review!!! Thanks 😊
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