Scorum Power Down

in LeoFinance2 months ago

According to my post on Scorum where I asked about the options to convert staked and liquid SCR, the way is as follows:

Let's check how much is one SCR worth on Hotbit right now.

It's around $ 0.01 and the only available trading pair is SCR/ETH.

So, my huge stash of SCR, staked SP included, is worth a whopping sum of roughly $ 60, fees excluded.

Is it worth the bother?

Eh, I'll do it anyway. Let's call it cleaning the house.

First, I'll send all the liquid SCR over to Hotbit*

How quickly will it arrive? ... waiting ... It's here, good!

Can I trade such a tiny amount? Let's check it out.

Apparently, I can. Suddenly I am 0.00082226 ETH richer. Hooray. Yet, when I recall what the transfer fee with ETH is ... No problem, eventually I'll sell it for BTC.

After this test was successful I can start the SP power down.


In a week I'll liberate 113.977 SCR and sell it to ETH. And so on for a year. Do you think they'll change the power down period? I don't think so.

For those with the memory of an elephant. Yes, Steem's original power-down period was 52 weeks.

This article is a sidechain to my Summit 3300 series. Scorum will appear in it as a separate channel. I might do it tomorrow.


Links marked with * are affiliate links. If you use one of them to join an offering we can both gain. Again, the decision is yours. Yet, you can trust me that I only promote what I use.

Better and better

Posted Using LeoFinance Beta


This article was first published on Scorum.

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