Presentation and definition of the crypto-currency Steem Dollars (SBD)
- Name of the crypto-currency : Steem Dollars
- Abbreviation : SBD
- Where to buy Steem Dollars ? Binance
- Creation Date : 2016
- White paper of the Steem Dollars
- Website of the Steem Dollars
The network Steem
The Steem Dollars is a virtual currency used on the platform Steem. The network Steem makes its appearance in 2016. It is a blockchain that allows you to share media content writing (blogs, articles, comments…) and that rewards its contributors. The payment of rewards is carried out via the blockchain of Steem, where are stored all the writings. Each time a user voting for a content, the content’s creator is rewarded. If you are among the first members to interact with an article, via a vote or a comment, you are also paid. The network Steem reward all of its members for each action performed on the network.
The Steem Dollars
There are several assets on the network Steem : Steem (STEEM), the Steem Dollars (SBD) and the Steem Power (SP). The Steem Dollars (SBD) is based on the value of the u.s. dollar. It was designed to confer stability in the world of crypto-currencies. Each holder of GDS can convert them to Steem, the process takes about a week. It may also decide to keep them in his Wallet. The advantage of owning Steem Dollars is that your tokens can you earn interest of 10% per year. Note, however, that if the rate of the Steem Dollars exceeds the value of the US dollar, the compensation of interests will be stopped. For this reason, the Steem Dollars is a crypto-currency popular for long-term investment.