Steem Median value is one of the most important parameter to calculate the vote values in steem posts.
We can see that value from https://steemnow.com/
But, it is a long time the median value is showing as $0.40
What i know is median is determined by steem price in market. Nowadays its price is less then $0.40.
just be patient steem wil move up soon
It is part of the mechanism that limits SBD to 10% of Steem total market cap. In fact the median value should not be used to calculate estimated post payouts, but until this mechanism kicked in there wasn't a difference.
The current feed price is $0.40 and hasn't moved much over the last few days even though the price of Steem dropped much lower. This is due to a mechanism to prevent too much SBD conversions at a very low steem price. Imagine people can convert all their SBD at $0.10. This would create 10 new Steem for each SBD resulting in a high inflation which in turn would crash the steem price even more.
right answer
Thank you very much @penguinpablo it is clear now ;)
I had noticed it but I thought it was an update problem related to steemnow.com
Now i start to wonder :S
Your post was mentioned in the Steem Hit Parade in the following category:Congratulations @mahsumakbas!
$0.40 is the payout ratio of SBD
For example, you get 5 STEEM, SBD=5*0.4/100=0.02
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