I've not realized that STEEM Hair Cut Price has changed 🤔
STEEM Hair Cut Price was $0.25. When STEEM crossed $0.25, STEEM blockchain started issuing SBD(STEEM Dollar) to authors. When STEEM crossed $0.29, the issuing rate of SBD reached 50%.
To explain the STEEM Hair Cut Price in advance, let's read the STEEM white paper 🧐
SBD is regarded as debt and $1 per coin, SBD marketcap in the STEEM blockchain is..
The current STEEM marketcap is $70,068,500. One-tenth of $70,068,500 is $7,006,850. Since the current SBD marketcap in the STEEM blockchain is higher than the one-tenth of the current STEEM marketcap, Issuing SBD is being paused.
Therefore, (editing..)
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