RE: If Steem is trading for roughly $5, why does it get me only .5 Steem Dollar?

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If Steem is trading for roughly $5, why does it get me only .5 Steem Dollar?

in steemit •  7 years ago  (edited)

This if fairly misleading then. Steem Dollars "tokens worth about $1 of Steem", if $1 it is actually over $9 (above screenshot).

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7 years ago by

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      ·  7 years ago (edited)

    That is a peg if it falls below a dollar you make interest (well not including vests but that is another story)

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        ·  7 years ago 

      Then the term Steem Dollars is misleading and then explanation is very misleading. Do you agree with that?

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          ·  7 years ago 

        Definitely it took me a while to get that when I had to look up what the heck does vesting do lol.
        https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things

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            ·  7 years ago 

          They should change the wording since Steem and SBD trade independently on many markets and therefore have varying values.

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