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great, and 1 Steem will be equivalent of 1 SBD right?

No, we will convert the STEEM into SBD. It depends on the current ratio on the internal market.

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STEEM 0.21
TRX 0.25
JST 0.038
BTC 95686.04
ETH 3320.33
USDT 1.00
SBD 3.08