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): 0.591 USD
Current Debt Ratio: 15.63%
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!
Additional Vote #1
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J
Posted using Partiko Android
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This post earned a total payout of 8.565$ and 6.440$ worth of author reward which was liquified using @likwid. To learn more.
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Additional Vote #2
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Thanks for your contribution. $20 spam comments galore, and you claim you're doing it to fix things? Shame.
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This post earned a total payout of 8.419$ and 6.330$ worth of author reward which was liquified using @likwid. To learn more.
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This post earned a total payout of 28.618$ and 21.517$ worth of author reward which was liquified using @likwid. To learn more.
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Is there a way to know how much you're converting each day? I wouldn't want to have to code a program to read that lol, but it sounds like an interesting piece of data to have in your reports, stuff like "converting 90 Steem each 6 hours on average".
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It is being worked on. Using the steemit API one can see that right now there is 1493.023 SBD conversion in progress which comes to about 426 per day. Over 7000 SBD total has been converted since the start.
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Collossal scam. Steem has become a giant cesspool because of fake charities and pretend "we're fixing the blockchain please send money and delegate to us" projects.
You're not profiting at all from this? Hahaha, sure. Well then, can I take it off your hands? I have some spare time. Just transfer all the funds and I'll carry on your hard work, free of charge! I'll consider it my duty as a good member of Steem :D
Seriously though, what a load of poo. You profiteers will all be sorted out someday. Nothing you're doing now will remain hidden. NOTHING, not even "encrypted" transfers and actions. Everybody who made a fraction of a token when they shouldn't have will be punished, and rightfully so. All these schemes will be undone along with the schemers and their accomplices.
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Amazing how spam like this always gets the award for highest paid post! I'm sure that's how the blockchain is intended to work, right? Self-voted spam projects, that's going to lead us to victory, LOL
No wonder Steem died in 2017.
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