STEEM is printing SBDs again slowly to 100%

in r2cornell •  3 years ago 

sbd print rate.JPG

Source


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A few hours ago I saw that SBD again is given as a reward to the posts in steemit.com until it is given 84% at the time of this writing. Maybe before the day ends those that chose to have their rewards in 50% STEEM token and 50% SBD for their will get the usual proportions with no more liquid steem anymore.

This makes everyone of course happy because of the current price of SBD being above dollar although recently its value too had gotten affected by the recent tumble in the markets.

One of the reasons that SBD has a bigger value is that cryptocurrencies are traded at a premium price compared to the rest of the world and since SBDs are traded in Korea too the price is higher there.

For what I know really was if the debt ratio of SBD is lower the the printing of SBD resumes. But I do not know the technicalities of it because I already forgotten but now steem users are much more happy as it will give more rewards to their posts compared to if we are only getting liquid steem which is also struggling in the markets with its value because of the global market plunge into more uncertainty.

sbd printing.gif

Source

This is when money printing is so OK.



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  ·  3 years ago  ·  

Yes. I noticed the same thing. More SBDs each day.

  ·  3 years ago  ·  

Yeah man, but the SBD price is lower at these times, but better than nothing.

  ·  3 years ago  ·  

Hope price won't full like luna

  ·  3 years ago  ·  

It won't fall, steem has devs backing it and the price is as strong as BTC. If it fall it is a very good opportunity to buy because the price always goes up.

  ·  3 years ago  ·  

But currently the price of hive as deep.