Steem Dollars (SBD) Price, Market Cap, Exchanges, Volume, Ratings & Reviews | Coinpare
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Cryptocurrencies: 2,918 Market Cap: $517,461,026,073 24h Vol: $106,497,999,471 BTC: 61.48% ETH: 11.38% USDT: 3.67% ETH Gas: 16 gwei
Steem Dollars
Stablecoin

Steem Dollars

Stablecoin

The Steem Dollar is a token that is meant to be worth about $1 USD, making its value much more stable compared to STEEM. A Steem Dollar is a promise to pay one dollars worth of Steem when it's redeemed.

Coin Details
Ticker:
SBD
Consensus
DPoS
Open Source
Yes
Hardware Wallet
No
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Steem Dollars SBD Rank 477
$1.14 (-0.65%)
0.00006680 BTC (-0.82%)
0.00220886 ETH (-0.50%)
1 BTC ≈ 14,970 SBD
1 ETH ≈ 453 SBD
SBD
USD
Market Cap:
$6,629,740
Fully Diluted Market Cap:
$6,629,741
Volume 24h:
$949,834
ATH:
$22.34
ATH Date:
17 May 2017
From ATH / To ATH:
-94.88% / 1,852%
Circulating Supply:
5,792,529 SBD
Total Supply:
5,792,529 SBD
Loading data from server...
Change USD
1h 1.20%
24h -0.65%
7d -10.74%
30d 15.57%
1y 37.16%
Change BTC
1h 0.53%
24h -0.82%
7d -2.75%
30d -10.07%
1y -40.05%
Change ETH
1h 0.73%
24h -0.50%
7d -11.97%
30d -13.20%
1y -59.90%
To The Moon 🚀🌕
SBD
ROI x1

USD Amount -
BTC Amount -
ETH Amount -
Price $1.14
Market Cap $6,629,740
Fully Diluted Market Cap $6,629,741
BTC Price 0.00006680
ETH Price 0.00220886
Steem Dollars (SBD) is a cryptocurrency, the latest Steem Dollars price is $1.14, down -0.65% in the last 24 hours. Steem Dollars market cap is $6,629,740 with a 24h volume of $949,834. It has a circulating supply of 5,792,529 SBD and a total supply of 5,792,529 SBD. Steem Dollars reached it's all time high on 17 May 2017 when it was trading at $22.34.
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Creation of SBD

The unique way to create more SBD is through the content creation. The authors receive their payments in STEEM Power (SP) and Steem Dollar (SBD), and they can select the percentage of each one, with 50% of steem power as the minimum. The first payouts were made on July 4th, 2016.

How it works

The SBD can be redeemed at any time by the users (the process takes 3.5 days). The blockchain takes and destroys the SBD and next it creates new STEEM. The rate of conversion is calculated using the price in the market. 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. In this order its price tries to be stable and pegged to 1 USD.

Problems to be pegged to 1 USD

SBD course isn't fixed, in some times like in August 2017 it lowered to 0.8 USD, but in December 2017 it raised to 12 USD.

If the price of SBD is less than 1 USD, the people can redeem it for Steem worth in 1 USD. In this order, its price will rise. However, if the price of SBD is more than 1 USD there is no an easy way to reduce its price. This is because the unique way to increase the supply is through posting.

Also, Steemit's Witnesses 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.

Ways to convert to STEEM

There are 2 ways to convert it into STEEM: The first one is using the blockchain and the guarantee of 1 USD. And the second one is using the Internal market, which price could be very different from the first due to speculation.

Predecessor

Dan Larimer, creator of the Steem Blockchain, had the first insight to create a US Dollar pegged cryptocurrency with BitUSD and BitShares Blockchain. In June 2nd, 2013, he published the first idea of BitUSD in Bitcoin Forum – Creating a Fiat/Bitcoin Exchange without Fiat Deposits – including a BitShares white paper.

Ned Scott
CEO & Co-Founder
Involved in 2 projects
Daniel Larimer
Co-Founder
Involved in 3 projects
Heather Schmidt
CTO
Involved in 2 projects
Michael Cifani
Senior Developer
Involved in 2 projects
Valentine Zavgorodnev
Full Stack Developer
Involved in 2 projects
Elizabeth Powell
Managing Director
Involved in 2 projects
Christi Hataway-White
Head of Operations
Involved in 2 projects
Andrew Levine
Head of Communications
Involved in 2 projects
Justin Welch
Head of Engineering
Involved in 2 projects
Michael Vandeberg
Senior Blockchain Engineer
Involved in 2 projects
Steve Gerbino
Blockchain Engineer
Involved in 2 projects
Tim Fesenko
Senior Product Engineer
Involved in 2 projects
Iain Maitland
Software Engineer
Involved in 2 projects
Jack Burk
Director, Advertising Sales
Involved in 2 projects
Loading...
 

Rank 477


Steem Dollars SBD

$1.14 (-0.65%)
0.00006680 BTC (-0.82%)
0.00220886 ETH (-0.50%)
Market Cap:
$6,629,740
Fully Diluted Market Cap:
$6,629,741
Volume 24h:
$949,834
ATH:
$22.34
ATH Date:
17 May 2017
From ATH / To ATH:
-94.88% / 1,852%
Circulating Supply:
5,792,529 SBD
Total Supply:
5,792,529 SBD
1 BTC:
≈ 14,970 SBD
1 ETH:
≈ 453 SBD
SBD
USD
Loading data from server...
Change USD
1h 1.20%
24h -0.65%
7d -10.74%
30d 15.57%
1y 37.16%
Change BTC
1h 0.53%
24h -0.82%
7d -2.75%
30d -10.07%
1y -40.05%
Change ETH
1h 0.73%
24h -0.50%
7d -11.97%
30d -13.20%
1y -59.90%
To The Moon 🚀🌕
SBD
ROI x1

USD Amount -
BTC Amount -
ETH Amount -
Price $1.14
Market Cap $6,629,740
Fully Diluted Market Cap $6,629,741
BTC Price 0.00006680
ETH Price 0.00220886
Coin Details
Ticker:
SBD
Consensus
DPoS
Open Source
Yes
Hardware Wallet
No
Description
Category: Stablecoin

The Steem Dollar is a token that is meant to be worth about $1 USD, making its value much more stable compared to STEEM. A Steem Dollar is a promise to pay one dollars worth of Steem when it's redeemed.

Steem Dollars (SBD) is a cryptocurrency, the latest Steem Dollars price is $1.14, down -0.65% in the last 24 hours. Steem Dollars market cap is $6,629,740 with a 24h volume of $949,834. It has a circulating supply of 5,792,529 SBD and a total supply of 5,792,529 SBD. Steem Dollars reached it's all time high on 17 May 2017 when it was trading at $22.34.
Share This Page
Loading...

Creation of SBD

The unique way to create more SBD is through the content creation. The authors receive their payments in STEEM Power (SP) and Steem Dollar (SBD), and they can select the percentage of each one, with 50% of steem power as the minimum. The first payouts were made on July 4th, 2016.

How it works

The SBD can be redeemed at any time by the users (the process takes 3.5 days). The blockchain takes and destroys the SBD and next it creates new STEEM. The rate of conversion is calculated using the price in the market. 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. In this order its price tries to be stable and pegged to 1 USD.

Problems to be pegged to 1 USD

SBD course isn't fixed, in some times like in August 2017 it lowered to 0.8 USD, but in December 2017 it raised to 12 USD.

If the price of SBD is less than 1 USD, the people can redeem it for Steem worth in 1 USD. In this order, its price will rise. However, if the price of SBD is more than 1 USD there is no an easy way to reduce its price. This is because the unique way to increase the supply is through posting.

Also, Steemit's Witnesses 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.

Ways to convert to STEEM

There are 2 ways to convert it into STEEM: The first one is using the blockchain and the guarantee of 1 USD. And the second one is using the Internal market, which price could be very different from the first due to speculation.

Predecessor

Dan Larimer, creator of the Steem Blockchain, had the first insight to create a US Dollar pegged cryptocurrency with BitUSD and BitShares Blockchain. In June 2nd, 2013, he published the first idea of BitUSD in Bitcoin Forum – Creating a Fiat/Bitcoin Exchange without Fiat Deposits – including a BitShares white paper.

Ned Scott
CEO & Co-Founder
Involved in 2 projects
Daniel Larimer
Co-Founder
Involved in 3 projects
Heather Schmidt
CTO
Involved in 2 projects
Michael Cifani
Senior Developer
Involved in 2 projects
Valentine Zavgorodnev
Full Stack Developer
Involved in 2 projects
Elizabeth Powell
Managing Director
Involved in 2 projects
Christi Hataway-White
Head of Operations
Involved in 2 projects
Andrew Levine
Head of Communications
Involved in 2 projects
Justin Welch
Head of Engineering
Involved in 2 projects
Michael Vandeberg
Senior Blockchain Engineer
Involved in 2 projects
Steve Gerbino
Blockchain Engineer
Involved in 2 projects
Tim Fesenko
Senior Product Engineer
Involved in 2 projects
Iain Maitland
Software Engineer
Involved in 2 projects
Jack Burk
Director, Advertising Sales
Involved in 2 projects
Loading...
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