Steemit is a blockchain-based social media platform. Where you can earn by creating and curating posts. STEEM is a native coin of this platform & also SBD. Today, In this blog, I'm going to talk about SBD Print. I hope this content is going to be very crazy.
Rewards from the Steemit platform were originally added to the wallet as SBD and SP. SBD can be converted into SIM through internal market trade. And this way we could earn Steem from the Steemit platform. And this way we could earn Steem from the Steemit platform. It is basically done automatically by mathematical programs. SBD stops printing to prevent inflation. And such programs play a very effective role.
After this SBD is printed off, the rewards are basically SP/Steem directly into the wallet. After SBD stopped printing, the authors' income dropped to about 1/4. Due to this, the number of active users started to decrease within a few days. That continues till now.
Now talking, SBD print will start again when?
Well, as the price of Bitcoin rose, the price of Steem also started to rise. Along with SBDs. And the effect was also felt on the SBD print. But, due to Bitcoin's price stabilization, this situation is now fixed. Still 100% steam printing. In the above screenshot we can see in the box marked SBD Debt Ratio.
In this ratio, we can see that SBD's print rate is now 00% and Steem is printing at 100%. SBD printing will resume when the *SBD Debt Ratio percentage drops to 10% or below. But, currently, SBD Debt Ratio is 35.106%. As a result, instead of SBD, Steem Print is 100%.
Finally, we can say that if the price of Bitcoin rises further while the price of Steem settles around 0.27$ or 0.28$, the SBD print may start. [Estimately]
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Yeah, you're right if the price of STEEM rise to $0.27 - $0.3 then we can see SBD printing back
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We hope so that. 😋
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