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RE: Attention SBD Converters: Please Read - Important Information about SBD -> STEEM Conversions

in #sbd • 8 years ago

I think you are confused. There are two completely separate prices:

Price 1: The internal market price, set by the buying and selling of STEEM/SBD.
Price 2: The internal blockchain price, set by the witnesses price feeds.

There is also a difference between "converting" SBD to STEEM (done through the wallet, and takes 3.5 days), and "trading/exchanging" SBD for STEEM (done through the internal market, or through an external exchange).

8 years ago in #sbd by
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     8 years ago (edited)

    Thanks for clearing this up for me. Just to make sure I understood properly, the STEEM price set by witnesses has no influence on STEEM market price, it is just an internal price to do conversions correct?

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       8 years ago 

      Yes, that is correct.

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