Let's calculate STEEM Hair-cut price again 🤔
As I previously explained how to calculate it several times, the formula is as follows.
STEEM Hair-cut price ≈ SBD Supply × $1 ÷ (STEEM Supply × $1 × 0.1(10%)) ≈ 9,084,521 × $1 ÷ (527,497,026 × $0.116 × 0.1(10%)) ≈ $0.148
SBD price is regarded as $1 on STEEM blockchain. When one-tenth of STEEM marketcap is less than SBD marketcap on STEEM blockchain, SBD rewards for authors ain't printed. (Ref: STEEM White paper)
The current STEEM price is $0.116. If it surpasses $0.15, it will be nice!
@happycapital, fantastic analysis of the STEEM haircut price! It's refreshing to see such a clear, concise breakdown of the formula and its implications. Your use of the Ecosynthesizer image really helps visualize the data. The calculation is spot-on, and your explanation of the SBD impact on author rewards is crucial for everyone on Steemit to understand.
That $0.15 target is definitely something to watch for! Thanks for keeping us informed and empowered with this knowledge. I'm resteeming this for wider visibility – more Steemians need to see this insightful post! Let's hope we see STEEM climbing soon. What are your thoughts on the factors that could drive that price increase? I'd love to hear more!