Difference between revisions of "Steem Dollar (SBD)"

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To try to keep the SD around the $1 mark, Steemit's Witnesses (see [[Steem_Witness]]) can change the interest rate paid (quarterly) for holding them in your wallet. Lately this interest rate has been 0% with the SBD price being higher than desired. When it gets near or under the value of $1 USD, we will start seeing the interest rate increase.
 
To try to keep the SD around the $1 mark, Steemit's Witnesses (see [[Steem_Witness]]) can change the interest rate paid (quarterly) for holding them in your wallet. Lately this interest rate has been 0% with the SBD price being higher than desired. When it gets near or under the value of $1 USD, we will start seeing the interest rate increase.
  
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==Examples==
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Steem Dollars may also be converted into STEEM in a process that takes 3.5 days.<ref>'''[[Steemit]] FAQ''': [https://steemit.com/faq.html#What_is_the_difference_between_STEEM__STEEM_Power__and_Steem_Dollars What is the difference between STEEM, STEEM Power, and Steem Dollars?] Retrieved in August 22nd, 2017</ref> But there is a quickier option using the [[Internal Market]].
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===Examples===
  
 
If STEEM course is at 10 cents, one Steem Dollar could be redeemed for 10 STEEM. When STEEM is at 2 USD, a Steem Dollar would redeem for 0.5 STEEM.
 
If STEEM course is at 10 cents, one Steem Dollar could be redeemed for 10 STEEM. When STEEM is at 2 USD, a Steem Dollar would redeem for 0.5 STEEM.
  
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==Notes==
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===Notes===
  
 
SBD course isn't fixed, in some times it has been closer to $2 USD.
 
SBD course isn't fixed, in some times it has been closer to $2 USD.
  
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==Related articles:==
 
  
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* [[STEEM_token]]
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==References==
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<references />
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==Links==
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* '''@krnel''' : [https://steemit.com/ned/@krnel/ned-on-sbd-does-the-community-want-to-continue-to-be-paid-out-in-steem-dollars Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?"] ''December 21st, 2017''
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* '''@ausbitbank''' : [https://steemit.com/steemit/@ausbitbank/psa-steem-backed-dollar-printing-has-been-suspended PSA - Steem Backed Dollar printing has been suspended] ''March 2017''
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* '''@sykochica''' : [https://steemit.com/steem-help/@sykochica/answering-common-questions-steem-steem-power-steem-dollars-and-what-should-i-do-with-them Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them?] ''June 2017''
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*  '''@chrisaiki''' : [https://steemit.com/crypto/@chrisaiki/stable-cryptocurrencies-bitusd-usdt-bit20-viva-hero-x8 Stable cryptocurrencies : BitUSD, USDT, Bit20, VIVA, HERO, X8.] ''August 22nd, 2017''
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==Related articles==
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* [[BitShares]]
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* [[Steem Exchanges]]
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* [[STEEM Tokens]]
 
* [[STEEM Power (SP)]]
 
* [[STEEM Power (SP)]]
  
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==Reference==
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==External links==
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* '''Boxmining YouTube Channel''' : [https://www.youtube.com/watch?v=gS6BP3RxJFs STEEM Explained: STEEM, STEEM Power and SBD] ''Video tutorial by [https://steemit.com/steemit/@boxmining/steem-explained-steem-steem-power-and-sbd @boxmining], published in 5/8/2017''
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* '''99 Bitcoins''' : [https://99bitcoins.com/making-money-with-steemit-steem-dollars-and-steem-power-explained/ Making Money with Steemit (Steem Dollars and Steem Power explained)] ''Written by Ofir Beigel, published in 10/14/2016''
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* '''Andrew Levine YouTube Channel''' : [https://www.youtube.com/watch?v=g2TU6lyu90I Steemit 101 - Steem, Steem Dollars, and Steem Power] ''Video tutorial by  Andrew Levine [https://steemit.com/@andrarchy @andrarchy], published in 7/15/2016''
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{| class="wikitable" style="margin: auto;"
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| Help keep this wiki page updated. Register, click in [https://www.steem.center/index.php?title=Steem_Dollar_(SBD)&action=edit edit], add or modify the text and save. <br>If you're already a steemian you can be rewarded with steem, see how in [https://steemit.com/introduceyourself/@steemcenterwiki/introduction-rewarding-steem-center-wiki-editors-with-steem-too @steemcenterwiki].
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|-
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|}
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<br>
  
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* [https://steemit.com/steem-help/@sykochica/answering-common-questions-steem-steem-power-steem-dollars-and-what-should-i-do-with-them Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them?]
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[[Category:Economy]]

Revision as of 18:50, 22 August 2017

The Steem Dollar (aka Steem Backed Dollar or SBD) is a token that is meant to be worth about $1 USD, making its value much more stable compared to STEEM (see STEEM_Tokens. To be a bit more technical, a Steem Dollar is a promise to pay one dollars worth of Steem when it's redeemed.

The benefit of Steem Dollars is that business can accept them more comfortably since they have a more stable value. Can you imagine being a shop owner and trying to sell your $50 product for STEEM which a couple months ago would have been for 500 Steem compared to today being less than 50. Pricing their products and services are much easier when using a stable value, as well as knowing that what they've already been paid, won't loose value.

To try to keep the SD around the $1 mark, Steemit's Witnesses (see Steem_Witness) can change the interest rate paid (quarterly) for holding them in your wallet. Lately this interest rate has been 0% with the SBD price being higher than desired. When it gets near or under the value of $1 USD, we will start seeing the interest rate increase.

Steem Dollars may also be converted into STEEM in a process that takes 3.5 days.[1] But there is a quickier option using the Internal Market.

Examples

If STEEM course is at 10 cents, one Steem Dollar could be redeemed for 10 STEEM. When STEEM is at 2 USD, a Steem Dollar would redeem for 0.5 STEEM.

Notes

SBD course isn't fixed, in some times it has been closer to $2 USD.


References

  1. Jump up ↑ Steemit FAQ: What is the difference between STEEM, STEEM Power, and Steem Dollars? Retrieved in August 22nd, 2017

Links

Related articles

External links



Help keep this wiki page updated. Register, click in edit, add or modify the text and save.
If you're already a steemian you can be rewarded with steem, see how in @steemcenterwiki.


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