Steem Dollar (aka Steem Based Dollar, Steem Backed Dollar or SBD) is a token worth about $ 1 USD, making its value much more stable than STEEM (see STEEM Tokens). To be a little more technical, Steem Dollar is a promise to pay a dollar worth of Steem when redeemed.....
The benefit of Steem Dollars is that businesses can accept them more comfortably because they have a more stable value. Can you imagine being a shopkeeper and trying to sell your $ 50 product for STEEM that was a few months ago for 500 Steems compared to today's less than 50. The price of their products and services is much easier when using a stable value, as well as knowing what which they have paid for, will not lose value......
Contents
1 Creation of SBD
2 How it works
3 Problems that should be pegged to 1 USD
4 Ways to convert to STEEM
5 Predecessors
6 References
7 Links
8 related articles
9 External links
10 In other languages
Creation of SBD
A unique way to create more SBDs is through content creation. Authors receive their payouts at STEEM Power (SP) and Steem Dollar (SBD), and they can choose their respective percentages, with 50% steam strength to a minimum. The first payment was made on July 1, 2018
SBDs can be redeemed at any time by the user (the process takes 3.5 days. Blockchain takes and destroys SBD and then creates a new STEEM. The conversion rate is calculated using the market price. If the STEEM course reaches 10 cents, one Steem Dollar can be redeemed for 10 STEEM. When STEEM is at 2 USD, Steem Dollar will redeem by 0.5 STEEM. In this order the price tries to be stable and pegged to 1 USD.