Published: 20 Jan 2017 › Updated: 20 Jan 2017
SSTEEM Asset Liquidation
Due to the recent changes in the Steem economy:
- storage of a Steems in Steem Power became less attractive from an investment point of view
- providing of liquidity for Steem Power is no longer relevant (Steem Power can be withdrawn into Steems in 3 months instead 2 years under the old rules)
- possession of liquid Steems is no longer accompanied by the loss of their value
Thus liquid Steem meets all requirements of Satoshi•Pie policies and can be returned into portfolio.
SSTEEM asset will be liquidated by following procedure:
- Satoshi•Fund will make buyback of SSTEEM
- SSTEEM holders will receive SPIES with same value instead SSTEEM
- snapshots of asset price and holders will be carried out at January 21, 2017 12:00 GMT
- no action required from SSTEEM holders
- Steems stored at satoshifund account will be included in Satoshi•Pie portfolio
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