This is Steem Dollars, not Steem. Steem Dollars has a soft peg mechanism which is maintained by the witnesses, to keep the price at approx. $1. Recently it has been falling below $1. It is preferable that if the peg is broken, it is broken to the upside so that SBD is underpromising and overdelivering rather than the reverse.
This is Steem Dollars, not Steem. Steem Dollars has a soft peg mechanism which is maintained by the witnesses, to keep the price at approx. $1. Recently it has been falling below $1. It is preferable that if the peg is broken, it is broken to the upside so that SBD is underpromising and overdelivering rather than the reverse.