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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 0.29
TRX 0.25
JST 0.040
BTC 95692.39
ETH 3354.65
USDT 1.00
SBD 4.00