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It is a currency. Lol. It's a crypto currency and it works just like any other currency. Its value is determined by the people. On a different note, did you see how ethereum is making us a nice leetle profit? I hope you bought some.

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STEEM 0.15
TRX 0.23
JST 0.032
BTC 88818.39
ETH 2415.09
USDT 1.00
SBD 0.68