What is STEEM Dollars?
Steem blockchain dollars (SBD) provide the means of value transfer between Steem blockchain users. As a part of a three-coin system (Steem, Steem Power and SBD), they are intended as a stability factor within the platform. SBD's are intended to be pegged to USD, making them a stable coin, thus protecting the reward value content creators, curators and users exchange with each other. Conversion of SBD to STEEM is enabled, but not vice versa, mitigating arbitrage within the blockchain. New SBD creation is decided by the blockchain, as well as by who receives the new coins. SBD holders receive interest which is corrected according to SBD market price.
|Market Name||Traded On||Average Price||24h Volume|
|SBD/BTC||Bittrex, upBit, HitBTC, Poloniex, OpenLedger DEX||0.00019851 BTC||$504,315|
Fundamental Cryptocurrency Data
|Circulating supply||14,758,901 SBD|
|Trading volume of all markets for this coin||$1,075,515|
|STEEM Dollars SBD Prices||
0.00 XAU (= 0.00) grams GOLD
0.08 XAG (= 2.27) grams SILVER
|Marketcap|| 3,054 BTC|
399.94 kg gold
34,258.69 kg silver