Steemit Crypto Academy week 6 - Stable coins - Steem Dollars (SBD)

Hi All, In this lecture from @yohan2on I learn the importance of Stable coins in crypto platforms, why they bring, how they act here like the information I learn today through this lecture.

In this highly volatile market conditions we having in the crypto field, in this situation in handling our portfolio stable coins play a big role. Because at any conditions stable coin value fixed to certain price so those value does not get any change.

If you feel the market getting crashing they we don't need to withdraw our investment suddenly we can keep those in stable coins way, so our portfolio not get any effect due to this crash.

In today post, I talk about our favourite and our platform stable coin STEEM DOLLAR(SBD).

In steem platform have three assets like Steem, Steem Power and Steem Dollar.

For controlling and maintain the stability of this platform they introduce Steem Dollar here.

Steem:-

Steem is a steem platform native coin, the other Two coins Steem Power and Steem Dollars are dependent coins on steem.

Around 2016, the steem coin introduced to this platform. Then after it starts its continuous growth up to still now.

On comparing to other platforms this platform working very differently. Here daily new steem coins generate based on users performance. Like on doing blogging, stopping, upcoming and commenting here new steem coins generate.

Those coins disturbed 50% to the Author and 50% to the curator. Like that steem platform working here.

But one more thing here for holding steem itself here no use, so on converting to those steem power we can earn more rewards. This feature I liked a lot.

At present Steem trading around 0.58$, having a rank of around 204. All are good but it having unlimited supply that's the main issue to invest in this coin. But this platform design like this.

STEEM DOLLARs(SBD)

Steem Dollar is a stable coin in the steem blockchain. Its value always pegged to USD 1.

Means like other stable coins USDT, DIA and many more stable coins we having in the market. Those value always pegged to 1$.

For controlling steem inflation and deflation they generate one stable coin in the steem platform. That is SBD.

But in 2017 One SBD coin value reach around $13, then after it took correction itself for a long time it trades around the 1$-1.5$ range.

But last 6 months it gets again good pump so now trading around 7.26$ because now it's circulation supply reduced a lot, that's why now it again starts its growth.

This coin also trading top exchanges like Bittrex, Upbit and many more.

Here we can convert STEEM DOLLAR to STEEM, and vice versa too.

On holding SBD alone also no rewards we get. For getting more rewards from our holdings we need to convert those to steem then to steem power. Then only possible to generate more income from our sp.

Steem Dollar generates through blogging only, no other way to generate that too if we fix the 50-50% setting of our post payout only we get SBD. Here 50% we get in the form of SP, the remaining 50% in form of SBD.

Like that we generate SBD as a reward for our publication. Those we can exchange to fiat or steem as per our needs.

This SBD coin is tradable so on trading, we can cash out our rewards when we need.

Steem Power(SP):-

Steem Power shows how much influence we having on this platform. If you have more SP then we get more power and possible to earn more rewards too.

On holding STEEM POWER, we get more weight on giving support to other users. For example, if you having 200 so, then you get 20X more power who holding 10 SP in their wallet.

In this platform, STEEM POWER treats as a long investment. With a single click now possible to withdraw your power, for reading all your power took around 13 weeks. This feature gives reduce inflation in steem price.

Due to this possible to reduce its circulation supply, so possible to get price growth.

For knowing more details about this project pls check it's white paper

Things we like in this Platform

• Blockchain-based social media platform.

• Everyone can earn decent rewards on blogging here.

• Mobile friendly too.

• Not having language issues.

• Everyone can access it at any time from anywhere.

Things We Don't like

• Long term investment needed.

• Steem power down taking a huge time.

• Some using this platform in the Wrong way.

Like that we having a lot of benefits along with some difficulties too. But I like this Social Media platform than other platforms. Because here I can express my thought freely, not having any restrictions to express those and possible to give any language as per my needs.

Hope I finish my task Successfully, If any wrong I give pls verify me.

Thanks for reading my post.