SBD Potato Day 28: Make SBD $1.00 Again!



sbdpotato thumb.jpg

Conversion Report

Today 96.764 SBD was converted!

Individual conversions in progress can be searched here: https://steemdb.com/labs/conversions
Total conversions in progress can be seen at: https://steemitwallet.com/@sbdpotato

Vote for this post to help fix the Steem Dollar Peg!

In case you missed it; here is THE LINK to the intro post about @sbdpotato.

TLDR, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!

Today's SBD Price (Spot): 0.677USD

Current Debt Ratio: 14.874%

Target Debt Ratio: 9.90%

What do you get out of supporting @sbdpotato?

Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.

In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.

You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.



Conclusion and Disclaimer

All images used a royalty-free, courtesy of pixabay.com.

As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.

I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.

Sponsors

If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sectiona and pledge to vote for @sbdpotato daily and/or include @sbdpotato as a beneficiary of your own posts!

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VOTE @SBDPOTATO TO BRING BACK BALANCE TO THE FORCE!


Comments 13


Additional vote comment #1

14.12.2019 02:54
13

Additional vote comment #2

14.12.2019 02:54
12

Hopefully the value of the steem is fixed

Posted using Partiko Android

14.12.2019 04:04
0

This is the elephant in the room that nobody is talking about, or very few— without a stable SBD, Steem merchant adoption gets exponentially harder.

Resteemed for exposure.

Cheers !BEER

Posted using Partiko iOS

14.12.2019 04:25
1

You got it, that is the idea behind the potato :) Cheers for the beer!

15.12.2019 02:50
0

View or trade BEER.

Hey @sbdpotato, here is a little bit of BEER from @donald.porter for you. Enjoy it!

14.12.2019 04:26
0

!BEER

14.12.2019 11:03
1

Salute!

15.12.2019 02:51
0

View or trade BEER.

Hey @sbdpotato, here is a little bit of BEER from @elbrava for you. Enjoy it!

14.12.2019 11:04
0

Have a !BEER

14.12.2019 17:26
1

Glug glug! :)

15.12.2019 02:51
0

View or trade BEER.

Hey @sbdpotato, here is a little bit of BEER from @mcoinz79 for you. Enjoy it!

14.12.2019 17:26
0

This post earned a total payout of 26.439$ and 19.879$ worth of author reward which was liquified using @likwid. To learn more.

21.12.2019 02:55
1