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RE: @tipU Investors Update: Payout On Demand :)

in #steemit7 years ago

Quick question(s):
reinvested SBD gets converted to Steem and powered up according to market rates at the moment you send the payout memo?
If we want to withdraw our SBD investment, but not our Steem, is that possible?
If we want to have it auto-reinvest the STEEM, but not the SBD, is that possible?

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Hi @improv!

reinvested SBD gets converted to Steem and powered up according to market rates at the moment you send the payout memo?

Yes with one exception: powering up is disabled at the moment so technically when you invest or reinvest, @tipU SP goes lower and your's go up by the invest/reinvest amount.

If we want to withdraw our SBD investment, but not our Steem, is that possible?

Actually yesterday I implemented auto refunding. It's still in testing but you can try it out - send 0.001 SBD to @tipU with memo: refund
You can first check your status, refund and check status again to see if all went well.
Refund sends back both STEEM and SBD invested so you need to send SBD/STEEM back as invest if you want to keep it.

If we want to have it auto-reinvest the STEEM, but not the SBD, is that possible?

Not currently, I figured out it would be too complicated for users, I prefer to keep it as simple as possible.

When you say it sends back Steem and SBD, does it convert what was invested in SBD as SBD or does it just send Steem back?

SBD and STEEM :) when investing/reinvesting @tipu saves how much SBD was converted to SP and then sends back this amount of SBD. The same goes for STEEM but theres always 1:1 ratio there.