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RE: SHOW US YOUR WITNESSES WEEKLY CONTEST: A CONCEPT TO DRIVE UP WITNESS VOTING ENGAGEMENT AMONG STEEMAINS( Episode #3 Result Update; Episode #4 — 6SBD Prize Pool; 3 Possible Winners!)

in #contest7 years ago

production and maintenance of price feedback is one of the witness's responsibilities. This is the second most important aspect of their role as Witnesses as they do this to ensure that STEEM Dollars are always worth 1 US Dollar in STEEM using a 7 day exchange.
They are now also pushing to set an APR that should be an incentive for users to hold their SBDs longer. Currently, the interest rate is 0%.

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