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RE: How Steemit Payouts Work - A Beginners Guide

in #steemit • 7 years ago

There is also the option to convert SBD to Steem. When doing so the SBD is destroyed and taken out from the market. When performing this action DVD is valued at 1$ of Steem.

So if SBD would value 1$ on markets to this would be the way to convert it into Steem. But because of higher prices the system is currently broken to some point.

7 years ago in #steemit by
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     7 years ago  

    are you talking about STEEM/USD has gone up or SBD/STEEM has gone up (which i thought SBD/STEEM should be close to 1)

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       7 years ago  

      SBD/USD went up.
      SBD/Steem should equal USD/STEEM, but that is not the case.

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