Curious what price of STEEM we need for SBDs to start printing again? Be curious no longer!
STEEM needs to get to $.2672 for SBDs to start printing again
The steemit.com platform hasn't paid SBDs (steem backed dollars) out in several months.
The reason for this is because the SBD market cap to STEEM total market cap has climbed above the 10% debt limit ratio.
Meaning, the total market cap of SBDs is worth more than 10% of the total market cap of STEEM.
Which means...
We need the market cap of SBDs to drop below 10% of the market cap of STEEM...
All the data we need can be found here on steemworld.org:
Based on those current numbers posted above...
418,204,259 (supply of steem) X .2672 (projected steem price needed) = $111,744,178 (total market cap)
$111,744,178 / $11,712,290 (total market cap of SBDs) = 9.54%
So... based on the calculations above we can see that we need a STEEM price of roughly $.2672 in order for SBDs to start paying out again.
*Note: As more steem gets created every 3 seconds, the price needed to print SBDs drops slightly because the market cap of STEEM grows slightly (if the price of STEEM stays constant).
You have been warned once before for sharing plagiarism posts. But you are doing the same thing. It is not right to post like this. You have been given a 2nd warning. After that you will be started to downvote.
Source