SBD Potato Day 37: Automation Code Provided by Witness Stoodkev!

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sbdpotato thumb.jpg

Since its inception a little over a month ago, the @sbdpotato project has received heartwarming support from the community, stakeholders and witnesses. The most recent support was provided by witness @stoodkev who donated his development time to the project to make it more efficient through automation.

The code repository can be seen on this Github link.

A cron job is set to run every 10 minutes on a Heroku free personal instance operated by @thecryptodrive and if there is STEEM present in the account the bot will sell it on the internal market for SBD at a max rate of 300 STEEM per cron interval, this rate can be adjusted in Config Vars.

Thereafter all available SBD is placed into conversion automatically.

If you would like to see the code in action, donate STEEM directly to @sbdpotato and watch the bot do its thing on https://steemd.com/@sbdpotato.

Future iterations will auto-claim rewards and refresh power-downs weekly. For now @sbdpotato will use @minnowbooster to auto-claim rewards.

Thanks so much to @stoodkev for his contributions to the project and helping the Steem community, please consider casting a vote for the @stoodkev witness!


Conversion Report

Now automated at 10-minute intervals, feel free to follow the conversion progress via the links below:

Individual conversions in progress can be searched here: https://steemdb.com/labs/conversions
Total conversions in progress can be seen at: https://steemitwallet.com/@sbdpotato

Vote for this post to help fix the Steem Dollar Peg!

In case you missed it; here is THE LINK to the intro post about @sbdpotato.

TLDR, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!

Today's SBD Price (Spot): 0.614 USD

Current Debt Ratio: 13.96%

Target Debt Ratio: 9.90%

What do you get out of supporting @sbdpotato?

Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.

In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.

You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.



Conclusion and Disclaimer

All images used a royalty-free, courtesy of pixabay.com.

As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.

I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.

Sponsors

If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sections and pledge to vote for @sbdpotato daily and/or include @sbdpotato as a beneficiary of your own posts!






Market buy and conversion automation code provided by @stoodkev, consider voting for his witness via this link!


VOTE @SBDPOTATO TO BRING BACK BALANCE TO THE FORCE!

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This post earned a total payout of 3.712$ and 2.791$ worth of author reward which was liquified using @likwid. To learn more.

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This post earned a total payout of 3.638$ and 2.735$ worth of author reward which was liquified using @likwid. To learn more.

@sbdpotato I am actually reading about this great project for the very first time and I began to develop more interest in it since it will add more value to the steem blockchain by stabilizing the price of SBD and improving the price of steem. This is actually one of the best projects I have seen so far on the steem blockchain.

I also use this medium to thank @stoodkev and @thecryptodrive for their great impact on the project which helps to develop both the steem community and the steem blockchain as a whole. Thank you for your great impact and support.

I just hope we have more projects like this developed on the steem blockchain for the betterment of Steemit as a whole.

Thanks for sharing this great post with love from @hardaeborla 💕

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Thanks so much for your kind words and appreciation. We need more believers like you to support STEEM and its projects. Happy holidays to you!

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You are welcome @thecryptodrive.. Happy holidays 😊💕

Good jobs..

sick of seeing that logo, super annoying to look at

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This is a non-profit community project, the logo was contributed by a supporting member of the community who was sick of seeing the potato photos, hard to please everyone, if you would like to see a different logo, please feel free to contribute one that uses royalty free images.

Congratulations @sbdpotato!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 5 with $ 47,85

This post earned a total payout of 27.107$ and 20.381$ worth of author reward which was liquified using @likwid. To learn more.