Changes to @randowhale to help bring back the $1 SBD peg.

in #steem5 years ago (edited)

Changes:

  • Rather than burning the Steem sent to @randowhale, the Steem will be used to buy SBD from the internal market. The SBD will then be converted to Steem via the 3.5 day conversion (similar to what @sbdpotato is doing). Repeat.
  • @randowhale will soon be making comments when votes are placed - we think helping bring back the peg is important and every little bit of promotion helps. How bout a resteem??

Here's how it works:

  • Send 2 STEEM to @randowhale - include the URL to the post you would like to have voted on in the "Memo" field.
  • If @randowhale has sufficient voting power, you will receive a random % vote between 1%-100% on the post you requested. (Higher probability to receive lower % votes.)
  • If @randowhale does not have sufficient voting power, you will receive a refund and will not receive a vote.

Please Note:

  • If you abuse this beautiful creature, you will be blacklisted at my discretion, no questions asked.
  • There is a blacklist. If you're a spammer, you're probably on it.
  • This is intended to be fun, not profitable. If you're expecting profit, please do not submit any requests.
  • @randowhale will regularly buy SBD, convert to STEEM and repeat in order to help improve the $1 SBD peg.
  • Once the peg is again stable, STEEM/SBD will be burned and sent to @null.

Is it possible I could get a 1% vote? Or, a 100% vote?

  • Yep, give it a shot!
  • This could change at any time, depending on the amount of STEEM Power delegated to @randowhale. If this changes, a post will be made.

How much is a vote worth?

  • Currently, at 100% voting power, a 100% vote is worth $1.08.
  • Votes from @randowhale will never be excessive.
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Interesting.

After the 3.5day conversion back to STEEM, what happens w/ the funds generated? Do those get burnt? Or is that being retained?

EDIT:

After reminding myself about how reading works and to not be stupid -- I see that the STEEM will just be recycled into purchasing more SBD and converting.

Neat.

This comment just made my day lol 👏🏼

Happy to help.

Hi -- I'd like to know if you are still accepting SP delegations and paying out 85% of earnings, kind sir... 8-D

You posted about that 2 years ago, so I'm not sure if it's still a thing. TY in advance.

Interesting. I always wanted to have the proper SBD peg back. Will certainly support this!

Now here's a good idea. Sweet

Nice work!

Interesting idea, hopefully it helps!

Why to bring back $1 SBD peg? Just for idea? This won't work for long.

!BEER
!shop
for you

你好鸭,randowhale!

@eii给您叫了一份外卖!

@wongshiying 老王 迎着沙尘暴 undefined 给您送来
Mochi冰淇淋

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@onepagex



Hey @randowhale, here is a little bit of BEER from @eii for you. Enjoy it!

Beautiful idea. Hopefully it works out.

Through a series of errors, this one was not posted. Could you check into this? Transfer 2.000 STEEM to randowhale https://steemit.com/marketfriday/@old-guy-photos/i-might-open-a-christmas-store

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I am not able to understand the buying SBD and selling it back to STEEM at 3.5 days concept. 🤔

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