How does the mvest to steem ratio get determined?

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We get the sbd/steem trading pair in the internal market, but where do we see the market to find what steem is trading at in mvests?

1 MV = 1M VESTS = 483.875 STEEM = $577.263

Where does this number get established?

Who sells me the mvests when I power up?

Who gets my steem for those mvests that were sold to me?

Were they created from air, and the steem burned?

What is going on?

Have a perfectly peaceful day.

Keep working, stop paying.   No war, but the class war!!

Viva!   Tradeqwik, the exchange that pays you!

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How does the mvest to steem ratio get determined? | Ecency