how blocktrades calculate steem dollar price???

in #steemit6 years ago

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i ask blocktrades how they calculated steem dollar price??

they told me they count all steem dollar exchanger current steem value! suppose bittrex steem value $1.50 and hit btc steem dollar value 1.40 etc! they count almost all exchanger. and calculate total money/ all exchanger! example:
if they count 10 exchanger and total steem value suppose 15. so steem dollar price would be=
total money / total exchanger= blocktades price! in this case 15/10= 1.5 steem dollar in blocktrades.

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