RE: Numbers dont add up.

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Numbers dont add up.

in introduceyourself •  7 years ago 

Sorry if you already have your answer as i'm late to seeing this but it appears SBD are paid pegged to the USD so you get half of your $5.54.... hence $2.767.
SP is not pegged and is the value of steem at the time so 0.671 SP was actually worth $2.76 on the day you received it. So in total you did receive $5.54.

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thanks for the reply but isn't the value of SBD, currently, higher than Steem, so shouldn't we get more SP in the process? unless the price of SP is higher due to anticipation to the increased value of the platform over time. Still not sure why this is happening. Thanks for the explanation.

Within the Steem platform 1 SBD is always more or less equal to 1 STEEM regardless of outside prices on exchanges - if you look at the internal Steem market they trade close to 1:1 . I'm fairly new myself so don't take my word as gospel but that seems to be the case. STEEM is actually worth more than SBD on Bittrex, for the first time in ages.

thank you so much for explaining that to me it makes sense now.

@tetsuo
@Mettalica73 explained it

hey, sorry I am a little slow about financial and economic stuff, but I still don't understand what this means.