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RE: What is Steemit?

in #investments • 8 years ago (edited)

@oldman "Steam Dollars (SMD) are a savings token that enable community members to hold wealth in a stable currency while earning interest." Does it earn interest? My understanding is that only Steem Power earns interest. It's one of the incentives to locking it in the ecosystem for 2 years.

8 years ago in #investments by
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     8 years ago (edited)

    Steem Dollars earn 10% annual interest right now (interest on a stable currency)
    SP is like a share in a company that is protected from STEEM dilution, not the fluctuation of STEEM price...

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       8 years ago 

      Just so, thank you!

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