RE: SDCD (Steem Dollar Conversion Day) #1 - SPUD Compatible

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RE: SDCD (Steem Dollar Conversion Day) #1 - SPUD Compatible

cadawg in #sdcd • 6 years ago (edited)

It really depends at the moment, I think it will probably cost you a little bit:

1 SBD = 5 STEEM

So yeah, It'll cost about 0.264 STEEM per 1 SBD you buy and convert, which is quite costly so I'll understand if you don't want to do it. I think I'm losing 50 STEEM on my conversion, but because they've taken off decimals it may be a little better than that. (5.019 I have just calculated from an actual convert)

yeah so it's a loss, probably should put it in the post

6 years ago in #sdcd by cadawg

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cardboard 6 years ago (edited)

.264 per 5 STEEM -> .052 per STEEM
or
.264 STEEM per SBD
right?

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cadawg 6 years ago (edited)

No.

Converting 1 SBD gives you ~ 5 STEEM
Buying 1 SBD from the market costs 5.264

So you'll lose ~ 0.264 STEEM per 1 SBD you buy and convert

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cardboard 6 years ago

That's what I mean, I see you've edited the

It'll cost about 0.264 STEEM per 1 STEEM
;)

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cadawg 6 years ago

LOL Yeah! Wasn't thinking quite straight. Thanks for telling me!

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