About @Bank.SBD
@Bank.SBD is a steem service that aims to bring back the SBD-USD peg. It does that by providing cheap STEEM POWER delegations (loans) and only accepting SBD as payments. By this it creates an actual use case for SBD as a currency.
The SBD taken as payments is always priced at 1 USD (1 SBD = 1 USD) so anytime when SBD market price is below 1 USD, the delegations provided by are cheaper the those provided by other services (dlease.io is taken as a reference point here).
Obviously the service needs a lot of STEEM POWER to be able to influence SBD price in any way - that's why those daily reports are generated - all the profit from those posts will be powered up so more STEEM POWER can be offered for delegations.
Current Data
Importants Stats- STEEM market price 0.128 USD
- Delegation APR: 12% (www.dlease.io/market taken as reference)
- Delegation ratio: 1 STEEM -> 434 STEEM POWER delegation per week
- Delegation price: 1 SBD = 1 USD = 7.812 STEEM -> 3390 SP delegated per week
- @Bank.SBD delegation is 50% cheaper than actual market price (SBD price is 50 below 1 USD)
- Total account SP: 11256.0
- SP currently available for delegation: 0
: 15.0 SP ending in 0.2 days
: 13.0 SP ending in 2.1 days
: 23.0 SP ending in 3.1 days
: 78.0 SP ending in 4.0 days
: 11.0 SP ending in 5.1 days
: 32.0 SP ending in 5.5 days
How To Buy Delegation
To buy delegation, simply send at least 0.01 SBD to with memo: delegate
By default the delegation lasts 4 weeks and the amount of SP delegated depends on how much SBD has been sent.
You can also state for how long you want to receive the delegation like this: delegate for 6 weeks
You can also state how much SP you want to receive for delegation like this: delegate 100 SP
Finally you can combine those two like this: delegate 200 sp for 5 weeks
In all of those cases the service will automatically charge the right amount of SBD and refund (send back) any SBD that were not used for delegation.
Invest - Profit Sharing
Steem users can invest into @Bank.SBD in order to receive shares in profit that comes from selling the delegations. Please remember that because the invested STEEM/SBD will be converted to STEEM POWER, the investments are not refundable - so in a way the shares are a life-time investment.
Investing STEEM And SBD
Invested STEEM will be powered up - this will increase user's share proportionally to invested STEEM. Invested SBD will be automatically converted to STEEM and then powered up.
To invest, simply send any amount of STEEM / SBD to with memo: invest
Share
User's share is calculated as a ratio of user's invested STEEM POWER and the sum of invested STEEM POWER from all users (user SP / sum of all users SP).
Bonus STEEM POWER For Investors
Currently @Bank.SBD receives additional STEEM power from 3 sources:
- post rewards
- donations from
(probably no one else will do it ever ;)
sends 30% of the vote selling profit as donation to
Current Investors List
: invested STEEM: 8954.45, share: 0.895415%, invested STEEM POWER: 10078.795 (1124.345 bonus SP)
: invested STEEM: 0.418, share: 0.000042%, invested STEEM POWER: 0.472 (0.054 bonus SP)
: invested STEEM: 0.833, share: 0.000084%, invested STEEM POWER: 0.945 (0.112 bonus SP)
: invested STEEM: 5.0, share: 0.000504%, invested STEEM POWER: 5.674 (0.674 bonus SP)
: invested STEEM: 500.0, share: 0.050386%, invested STEEM POWER: 567.147 (67.147 bonus SP)
: invested STEEM: 591.103, share: 0.052899%, invested STEEM POWER: 595.434 (4.331 bonus SP)
: invested STEEM: 7.478, share: 0.000669%, invested STEEM POWER: 7.533 (0.055 bonus SP)
This is the first, test version of the report. Expect additional informations added in :)