SBD Potato Day 42: Make SBD $1 Again!

in sbdpotato •  2 months ago 


sbdpotato thumb.jpg

Conversion Report

Now automated at 10-minute intervals, if there is STEEM present in the account the bot will sell it on the internal market for SBD at a max rate of 300 STEEM per cron interval, this rate can be adjusted in Config Vars.

Thereafter, all available SBD is placed into conversion automatically.

The code repository can be seen on this Github link.

If you would like to see the code in action, donate STEEM directly to @sbdpotato and watch the bot do its thing on https://steemd.com/@sbdpotato.

Feel free to follow the conversion progress via the links below:

Individual conversions in progress can be searched here: https://steemdb.com/labs/conversions
Total conversions in progress can be seen at: https://steemitwallet.com/@sbdpotato

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

In case 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): 0.600 USD

Current Debt Ratio: 15.86%

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

All images used a royalty-free, courtesy of pixabay.com.

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 sections and pledge to vote for @sbdpotato daily and/or include @sbdpotato as a beneficiary of your own posts!






Market buy and conversion automation code provided by @stoodkev, consider voting for his witness via this link!


VOTE @SBDPOTATO TO BRING BACK BALANCE TO THE FORCE!

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Additional vote #1

This post earned a total payout of 10.204$ and 7.672$ worth of author reward which was liquified using @likwid. To learn more.

Additional vote #2

This post earned a total payout of 9.990$ and 7.511$ worth of author reward which was liquified using @likwid. To learn more.

great post

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is good

This post earned a total payout of 37.545$ and 28.229$ worth of author reward which was liquified using @likwid. To learn more.

Saludos comunidad @sbdpotato

woooow yeeeessss

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wooooowww yesssssss

Okey, I agree with you, and I follow the link to know the process. I am sure SBD gonna be $1 again. Nice presentation.
Regards from Indonesia.

awesome wooooow

Congratulations @sbdpotato!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 1 with $ 80,33

😚

Posted using Partiko Android

Thanks for the post.

  ·  2 months ago Reveal Comment

With the amount of stake they hold, they could get the peg back to $1 very fast, but you have given me a great idea. In the new year I will apply for delegation from Steemit for @sbdpotato to speed this along. :)

this would be awesome