How does the mvest to steem ratio get determined?

in steem •  7 years ago  (edited)


We get the sbd/steem trading pair in the internal market, but where do we see the market to find what steem is trading at in mvests?


1 MV = 1M VESTS = 483.875 STEEM = $577.263


Where does this number get established?

Who sells me the mvests when I power up?

Who gets my steem for those mvests that were sold to me?

Were they created from air, and the steem burned?


What is going on?



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Those are the questions I need to know an answer too @freebornangel but what is important for me is to get more numbers because I really do need money for my dire situation.

Up from @burundel

My dear colleague! Sorry, that is off topic, but can you open the internal market? thanx

@helpbot, how is the mvest value determined?

, how is the mvest value determined?


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The value of VEST in Steem Power is determined by supply of Steem Power and the current amounts being powered up and powered down.

For more info check this post by @craig-grant: https://steemit.com/steem/@craig-grant/steem-power-explained-vests-voting-power-vote-weight-and-inflation-rate-staking-rewards