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): 1742.214 SBD
Total conversions since inception (API): 10600.281 SBD
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 (Spot): 0.586 USD
Current Debt Ratio: 15.86%
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 #2
This post earned a total payout of 14.097$ and 10.599$ worth of author reward which was liquified using @likwid. To learn more.
Additional vote #3
This post earned a total payout of 13.876$ and 10.433$ worth of author reward which was liquified using @likwid. To learn more.
Additional vote #1
TOP!!!
This post earned a total payout of 13.550$ and 10.188$ worth of author reward which was liquified using @likwid. To learn more.
Geez, support for this keeps going up. How about you people start voting the SPS proposal so it gets faster. The support for the proposal is low even when it's an even better way to quicken this. Now that see it, there is no quick proposal vote link on the post.
@thecryptodrive Maybe add a quick vote link for the proposal (steemconnect is the way to do this I guess)
Good advice, just did, check today's post
Yes I agree, just added a section to the daily posts requesting proposal support.
How about we start talking about the effectiveness on this initiative:
https://esteem.app/sbdpotato/@phgnomo/law-of-supply-and-demand-definition-and-explanation-or-why-the-sbdpotato-experiment-just-won-t-work
Please consider adding your post via steemleo interface and please update your policy on tokens - are they going to be luqidated to steem and feed the pool?
Awesome
Nice Post
This post earned a total payout of 43.391$ and 32.625$ worth of author reward which was liquified using @likwid. To learn more.
Stupid question: I’ve been upvoting @sbdpotato posts and comments fairly regularly, usually at 100% with 7k effective SP. But when I check SteemWorld for pending curation rewards, none of my votes for @sbdpotato are displayed. How’s that even possible?
Edit: never mind. SteemWorld wasn’t displaying them yesterday, but is displaying them today.
Are you sure about that?
D’oh!
💪💪
EFFORTS TO RETURN SBD TO $ 1
I will give a vote of confidence
I think it's the best way to help us, everyone.
I included your link in my latest post.
And assign a percentage of 5% of the reward of my publication.
I hope granite to granite fill the gap. (Say of my people)
Dont. It won't work.
Here is part 1 of why:
https://esteem.app/dlike/@phgnomo/decentralized-social-networks-sound-great-too-bad-theyll-never-work-wired
I upvote your efforts to get the SBD back to 1 USD.
And I appreciate it
Won't work.
You can start understanding why here:
https://esteem.app/dlike/@phgnomo/decentralized-social-networks-sound-great-too-bad-theyll-never-work-wired
Hi Hi..im a little new in this..
keep it up
SBD has a low Volume, the only thing that will work is Buy it to lift the price up!
But what for?
..sounds logical..up..resteemed..
Thanks for the post.
When you see a great meal, you get water. My Cove's favorite food is to eat. Whatever friends I like, I also love Thanksgiving.