If you didn't know, the Steem Backed Dollar which is only paid out to content creating authors was selling for over $1 for the past couple months. That meant that if you did 100% Power Up posts or were converting your SBD to STEEM using the internal conversion feature you were leaving money on the table.
Many people figured out that it made more sense to send SBD to an exchange and sell it for upwards of $2 you could then buy more STEEM on that exchange and bring it back or just keep the BTC value.
Last week Poloniex finally gave users their STEEM and SBD which had been frozen while Poloniex was experiencing technical issues. This created a sudden surge in SBD selling as tens of thousands of SBD were suddenly dumped on to the market. The result was that SBD is now more appropriately priced around $1.
It now makes sense for authors to once again use the internal features to do 100% Power Up posts and to use the internal conversion feature.
So go ahead an try it out on your next post. Use the Power Up 100% feature and KEEP ON STEEMING ON!
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