Steem Dollars SBD Social Audit & Trust Score
Market Data & Token Stats
| Fully Diluted Valuation | $5.20M |
|---|---|
| 24H Trading Volume | $1.25M |
| 24H Low / High | $0.5190 / $0.5301 |
| Circulating Supply | 9.80M |
| Total Supply | 9.80M |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 24.08% High |
|---|---|
| Circulating Ratio | 100.00% Very High |
Key Project Information
| Categories | SocialFi |
|---|---|
| Founder | Ned Scott |
| Website | steem.com |
| Socials | 1 more |
| Explorer | Steemdb |
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Steem Dollars (sbd) Expert User Reviews
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$sbd Markets
| Name | Pair | OG Score |
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About Steem Dollars
Steem, an open-source social blockchain platform. At the core of this ecosystem lies Steem Dollars (SBD), a stablecoin pegged 1:1 to the U.S. dollar. Let's delve into the key features of Steem and explore the unique qualities of Steem Dollars.
Key Features of Steem:
- Decentralized Social Network: Steem incentivizes content creation and sharing by rewarding users with its native cryptocurrency, STEEM. Content creators are directly compensated for the value they bring to the platform.
- Steem Power (SP) and Steem Dollars (SBD): Alongside STEEM, Steem introduces Steem Power (SP) and Steem Dollars (SBD). SBD, a stablecoin, offers users stability by being pegged to the U.S. dollar.
- Delegated Proof of Stake (DPoS): Steem employs a DPoS consensus mechanism with 21 witnesses validating transactions and producing new blocks every 3 seconds. Users who stake STEEM tokens can participate in the selection of witnesses.
- Proof of Brain Social Consensus: Unique to Steem, the 'proof of brain' social consensus algorithm evaluates content based on its value to the network. Users receive STEEM as rewards for contributing high-value content, creating a fair and meritocratic system.
- Rewards Pool: A portion of newly created tokens is allocated to the rewards pool. Users are paid in STEEM from this pool, encouraging both content creators and curators who identify and upvote valuable content.
Steem Dollars (SBD):
- Stablecoin Pegged to USD: SBD provides stability by being pegged 1:1 to the U.S. dollar. It can be easily converted to STEEM within the ecosystem or withdrawn to exchanges for trading.
- Earning SBD: Users mine SBD through Proof-of-Work on the platform. Publishing blogs, commenting and upvoting contribute to the mining process. The more helpful the content, the higher the rewards in SBD.
- Stability in Cryptocurrency: SBD addresses the volatility concerns in the crypto space, shielding traders from market fluctuations. The Steem protocol ensures a controlled conversion from SBD to STEEM, maintaining stability.
History of Steem Dollars: The Steem blockchain was launched in March 2016, with the whitepaper released in August 2017. Steem Dollars were introduced to reshape the dynamics of content creation, placing value on contributions and providing stability to users engaging in the Steem network.
Conclusion: Steem Dollars play a crucial role in the Steem ecosystem, offering stability and a reliable reward mechanism for content creators. By fostering a decentralized social network with innovative consensus mechanisms, Steem continues to pave the way for a fair and rewarding online experience.
Steem Dollars (SBD) act as a stablecoin in the Steem ecosystem, pegged to the U.S. dollar. This stable value token helps shield users from the price volatility commonly associated with cryptocurrencies.
What is unique about Steem Dollars (SBD)?
Steem introduces a 'proof of brain' social consensus, rewarding content creators with STEEM based on the value they contribute. Steem Dollars (SBD) add a unique stablecoin element, pegged to the U.S. dollar, offering stability in the volatile world of cryptocurrencies.
Who are the founders of Steem Dollars (SBD)?
Steem was launched in 2016, it operates as an open-source project with contributions from a decentralized community of developers.
Who are the backers/investors of Steem Dollars (SBD)?
Steem's development is community-driven and it operates as a decentralized blockchain project. There are no specific backers or investors listed as it relies on a collaborative network of contributors.
Where can I buy Steem Dollars (SBD)?
You can buy Steem Dollars (SBD) on HTX cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Steem Dollars Official Website, Steem Dollars GitHub Repository and Steem Dollars X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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