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RE: SBD Potato 2020/01/28 #1

in #sbdpotato5 years ago (edited)

Conversions in progress: 5,711.664 SBD

Over the 3.5 day conversion time, this is a rate of 67.988 SBD per hour, which is higher than the rate of new supply (currently 67.088, all of which is going into the SPS treasury).

Therefore @sbdpotato has now reached the milestone of reducing the total SBD supply regardless of any other conversions taking place, and therefore steadily pushing the SBD peg back toward $1 (or, from another perspective, reducing the break even STEEM price necessary for SBD to be fully backed by $1 worth of STEEM).

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