Viewing a response to: @aaseb/re-cryptomarket-how-do-steem-dollars-hold-their-peg-to-us-dollars-20160727t002847881z
The peg is to the 7 day average price of Steem, not the price at any given moment. You can see what this price is at: https://steemd.com At the moment, it's $3.44, but the price at Poloniex is $2.80, which is ~81% of the feed price. If the feed price is above the market price, SMD's will trade below $1. If it's below, it will trade above $1. Remember the fundamental value of SMD's is the ability to redeem it for STEEM at the feed price.
| post_id | 308,355 |
|---|---|
| author | leon-fu |
| permlink | re-aaseb-re-cryptomarket-how-do-steem-dollars-hold-their-peg-to-us-dollars-20160728t065451201z |
| category | steem |
| json_metadata | "{"links": ["https://steemd.com"], "tags": ["steem"]}" |
| created | 2016-07-28 06:54:51 |
| last_update | 2016-07-28 06:55:51 |
| depth | 2 |
| children | 1 |
| net_rshares | 138,347,875,493 |
| last_payout | 2016-08-24 16:17:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.073 SBD |
| curator_payout_value | 0.001 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 441 |
| author_reputation | 2,238,721,138,568 |
| root_title | "Steemit For Investors #2 - How Steem Dollars Hold Their Peg to US Dollars - By Leon Fu Dot Com" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| leon-fu | 0 | 123,004,959,321 | 100% | ||
| aaseb | 0 | 15,342,916,172 | 100% |
I think I understand a little better now. That should create good trading opportunities. Thanks Leon
| post_id | 310,029 |
|---|---|
| author | aaseb |
| permlink | re-leon-fu-re-aaseb-re-cryptomarket-how-do-steem-dollars-hold-their-peg-to-us-dollars-20160728t092237655z |
| category | steem |
| json_metadata | "{"tags": ["steem"]}" |
| created | 2016-07-28 09:22:42 |
| last_update | 2016-07-28 09:22:42 |
| depth | 3 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2016-08-24 16:17:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 100 |
| author_reputation | 470,134,608,167 |
| root_title | "Steemit For Investors #2 - How Steem Dollars Hold Their Peg to US Dollars - By Leon Fu Dot Com" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |