Do you know why SBD is not pegged to 1USD anymore? I guess it can depend on a volume of trading on the external market
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Do you know why SBD is not pegged to 1USD anymore? I guess it can depend on a volume of trading on the external market
Strong demand for SBD (from external markets) and too little supply. If / when the demand will meet supply, the peg will be restored.
thx. that's what I guessed.
moreover, the circulating amount of SBD can't increase simply after the demand, can it? (I'm not into the cryptocurrencies enough to understand it, I just use my knowledge about traditional monetary economics ;) )
No, there's a fixed amount of SBD that's "printed" (or "minted" if you want) every day by the Steem blockchain.
How did you gain access to all theseeee special knowledge?
So sir it applies here the supply and demand then? Very interesting we all looking forward for steem go go high. Tnx for this very interesting post of tips sir.