Greetings fellow steemians!
After a careful consideration and investigation - I have decided to suspend the SBD swaps for now, you can still keep using the STEEM.
@rme has been using a lot recently (swapping SBD to USDT via steem2usdt) - Thanks for that!
However, to keep this tool sustainable, I have to sell SBD to STEEM at some point. There are not many exchanges with SBD/USDT or SBD/STEEM pairs, I then exchanged SBD in steem internal market
The API to check the conversion rate from SBD to USDT relies only from one source, which is not reliable sometimes.
Thus, there is a non-negligible difference, and I am losing due to this.
For STEEM swaps, it is fine - because the API STEEM to USDT is based on multiple sources: ignore the max/min, and the rest values are averaged.
TLDR;
If you send SBD to the swap tools, your funds will be returned. but the steem swaps are working as normal.
Future Plan: when SBD is listed in exchanges like HTX, then I may bring this back.
It will be refunded. See this example
Steem to the Moon🚀!
- You can swap the STEEM/SBD to ETH Ethereum via steem2eth!
- You can swap the STEEM/SBD to Tether USDT (TRC-20) via steem2usdt!
- You can swap the STEEM/SBD to TRX (TRON) via steem2trx!
- You can swap the STEEM/SBD to BTS (BitShares) via steem2bts!
- Register a free STEEM account at SteemYY!
!ask why is SBD (Steem Dollars) not pegged to USD?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SBD is not pegged to USD because the price of SBD is dictated by supply and demand on the Steem blockchain, which is distinct from the USD. SBD operates as a deflationary currency on the Steem blockchain, meaning that its value increases over time relative to other currencies like USD or BTC. As such, it is not possible to peg it to a particular currency like USD.
command: !ask is powered by witness @justyy and his contributions are: https://steemyy.com
More commands are coming!.
!ask is currently based on ChatGPT-3.5
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sungguhh sangat di sayangkan, apa perbedaan sbd di tahun 2020 dulu di saat harga mencapai 10 $ , dengan sekarang sehingga sbd di tangguhkan?
Mohon penjelasan nya, saya hanya ingin mengetahui bagaimana keadaan sekrang sehingga sbd di tangguhkan
Salam dari Indonesia
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is there any chance we could get SBDs listed on Binance? Binance seems to like STEEM and they just listed those STEEM futures...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't know - it may be quicker to get SBD on HTX rather than Binance or other exchanges. Justin Sun owns HTX.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit