SBD Potato Day 6: More Potassium than a Banana!



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

Incase 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): 0.661USD

Current Debt Ratio: 13.900%

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

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 beneficiary of your own posts!

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VOTE @SBDPOTATO TO BRING BACK BALANCE TO THE FORCE!


Comments 12


Lets make the steem based dollar worth a dollar again

Posted using Partiko iOS

21.11.2019 08:00
1

Agreed!

22.11.2019 06:39
0

freelele the banana girl didn't like this post

21.11.2019 18:35
0

Very Good $ Dollar

21.11.2019 19:18
0

When you want to Flag them but see their Steem power lol

21.11.2019 19:38
0

hehe

22.11.2019 06:40
0

Excelente iniciativa.

21.11.2019 19:40
0

I will definitely support this movement and upvote this post! Having the SBD at a rate that is lower than the dollar kind of cheapens the entire branding of the entire point of it's stablecoin. There should definitely be some more measures and infrastructure in place to keep this in place.

21.11.2019 23:37
2

Thanks for the support, it means alot. I agree it look ridiculous with SBD worth 58 cents as of today.

22.11.2019 06:39
0

Join Palnet, Neoxian, Steemleo, steempeak and other tags to earn tokens for your content! You guys are definitely doing something great. If the price of STEEM rices a lot we will all earn a lot thanks to the crypto in this platform and now tokens. Your message could get across more if you joined more SteemIt apps! Anyways those are just my thoughts, I really liked this idea.😁👌🏻

Posted using Partiko iOS

22.11.2019 03:16
1

Ok cool nice idea, we already use the palnet tag but can use more

22.11.2019 06:41
0

This post earned a total payout of 24.808$ and 18.653$ worth of author reward which was liquified using @likwid. To learn more.

30.11.2019 16:46
0