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Information
Steem Dollars (SBD) is a type of cryptocurrency with a total supply of 12,429,403.858. The current price of Steem Dollars is 2.03859145 USD, showing a 1.66% increase in the past 24 hours. It is actively traded on 6 markets, with a total trading volume of $2,376,669.59 in the last day. For additional details, please visit https://steem.io/.
Information
What are Steem Backed Dollars (SBD) and how do they work?
Steem Backed Dollars (SBD) are stable value pegged assets issued on the Steem.it platform. They are pegged to the value of the USD and can be redeemed on the Steem.it platform for approximately one dollar worth of Steem. Steem is a social blockchain that rewards users for sharing content and enables immediate revenue streams. It is currently the only blockchain that powers real applications through social apps like Steem.it.
When content creators receive rewards on the Steem.it platform, they are distributed in two forms: 50% Steem Power and 50% SBD. Steem Power can be redeemed continuously over a period of 104 weeks, while SBD can be fully redeemed for Steem within a 5-day period. Additionally, SBD can be transferred on the Steem platform and exchanged outside of the platform.
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Popular Q&A
- What makes investing in SBD stock different and more beneficial than investing in other cryptocurrencies?2021-05-21
- In terms of market value, how does SBD (Steem Dollars) compare to other cryptocurrencies?2021-05-21
- I'm looking for a reliable and accurate SBD calculator to keep track of my cryptocurrency earnings. Can anyone recommend the best SBD calculator available? I want to make sure I have an easy-to-use tool that provides real-time and accurate calculations for my SBD earnings. Any suggestions?2021-05-21
- Can you explain how the SBD calculator works and provide information on its accuracy?2021-05-21
- I want to convert SBD (Steem Dollars) to ZAR (South African Rand). What are the steps involved in converting SBD to ZAR? Are there any fees or restrictions? Can I convert directly from SBD to ZAR or do I need to convert to another cryptocurrency first?2021-05-21
- I am looking for the best platforms to convert SBD (Steem Dollars) to ZAR (South African Rand). Can anyone recommend some reliable and efficient platforms for this conversion? I would prefer platforms that offer competitive exchange rates and low fees. Thank you in advance for your suggestions!2021-05-21