Also...
You can convert $1 worth of SPS for 975 DEC without any fees... so if 1000 DEC ends up being more than $1.25 then you'll be wanting to burn SPS to get DEC to sell on the market. The SPS gets burned which reduces the supply.
I said as much in the OP (perhaps vaguely).
But I didn't actually know the spread was 25%.
Thanks for the screenshot.
Yes, there a 2,5% spread against hyper trading abuse. It was explained in one of their Townhalls.
FYI it's not $1.25 - the price where conversions become profitable is $1.025.
You sure you want to do that shit. Just buy a few million dec
Posted using Splintertalk
Yes, I would like to accumulate SPS. But I am interested in other profitable plays too.
Posted Using LeoFinance Beta
You can use Hive Engine or TribalDex to convert DEC to SPS (https://tribaldex.com/dieselpools/).
Hello @aussieninja, I believe you are wrong. 1 SPS is not equal to 1000 dec, up there there is a formula that calculates the value, for example now it is 1 SPS for 72 dec.
Hope this helps.
Have a great week and good earnings.
Thanks @kaibagt. That's not what I said though...
You can convert $1 worth of SPS for 975 DEC without any fees
I could have added "$1 USD worth of SPS" to make it more clear though.