https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmXssaYJ78XVfL3gpdrxjmRDzUxMxiKjPJPby3GUT9D7k6/SYMBIONT%20TEMPLATE%20update%202.png ^{https://ecosynthesizer.com} Thriving Through a Symbiotic Equilibrium SBD Price Regulation Experiment

Greetings, In recent months, Steem witnesses have been actively engaged in developing strategies to stabilize the price of SBD at its intended peg of 1 USD. A secure multi-signature mechanism was proposed and implemented, designed to apply downward pressure on the price of SBD in an effort to maintain stability by using funds from the DAO treasury. However, these efforts were significantly impacted when **UPBIT** (a prominent Korean cryptocurrency exchange) issued an [Investment Warning](https://upbit.com/service_center/notice?id=4763) for SBD on **2024.12.30**, citing several concerns. Following the conclusion of their review period, the exchange proceeded with the [Termination of Market Support](https://upbit.com/service_center/notice?id=4790) for SBD on **2025.01.13**. Although various speculations emerged regarding the true motivation behind the delisting, the most immediate consequence was a dramatic drop in the price of SBD from over 5 USD to approximately 0.75 USD. This sharp decline triggered a significant increase in SBD-to-STEEM conversion requests on the Steem blockchain. As a result, many users came to realize they were receiving fewer STEEM tokens than expected, primarily due to the effects of token dilution and reward depreciation. In response, we have introduced **@ecoburn**, a small-scale experimental initiative aimed at positively influencing the price of SBD by creating consistent buy pressure to move it closer to its intended peg and doing some price correction in the internal market. The objective of this experiment is straightforward: * Generate daily posts and comments that community members can support through voting. * Use all curation and author rewards to purchase SBD on the internal market at a defined price. * Convert the acquired SBD into STEEM using the blockchain’s native conversion mechanism. * Repeat the cycle. ### Community Involvement Community members, especially large stakeholders, are encouraged to participate by voting on the daily posts published by @ecoburn. There is no inherent risk, as voters will still receive their curation rewards as usual, and all assets will eventually be burned. ### Strategic Considerations This initiative represents only one aspect of a broader approach. Successfully maintaining the SBD peg will require complementary mechanisms to address scenarios where the price is either above or below the 1 USD target. Our hope is that this experiment will contribute meaningfully to the long-term development of such solutions, ideally supported, secured, and maintained by committed Steem witnesses. ### Projected Impact Even under optimistic theoretical projections, the amount generated from author rewards alone is unlikely to make a significant impact on the market unless substantial rewards are consistently generated. Nonetheless, it serves as a valuable testbed for exploring technical mechanisms for SBD stabilization. ### Asset Handling Policy In the event that the experiment is discontinued for any reason, all remaining assets held by @ecoburn will be permanently destroyed by transferring them to @null or donated to @steem.dao. ### Operational Rules To ensure transparency and integrity, the following rules have been established: * @ecoburn will not be used to vote for another account * @ecoburn will not participate in governance activities. * @ecoburn will not transfer assets to any exchange. * @ecoburn will not transfer assets to another account.

https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmZ37BhNg1g4VeKywTMpoj6tdAs3KjnoXkmqzCpaJ5KNzA/Separator%20_%20@symbionts.png Thank you, The Symbionts Team,