STEEM QUESTION-What is STEEM and what is SBD (GIVE ANSWER)

in exploring •  2 years ago

sorry for the noob question but i really dont understand the difference of this..

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I do search on the exchanger to see the price between this sbd & steem but they are different price

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@demotruk

Can anyone help or give some suggestion on comments section so others will also see
Thankyou all more power

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It's okay to ask questions @Kebin. The steemit platform reward members, who make meaningful contributions, in 3 ways; allocation of steempower (SP), steem (STEEM) and steem dollars (SMD). Steem (STEEM) represents ownership . It is a blockchain based token for the steemit platform. Stteem dollars (SMD) ,however, are short-term debt instruments ,which back up STEEM tokens. Steem dollars (SMD) are created to bring about some form of price stability to the steemit network. Every SMD is usually worth about 1 USD. I hope this explanaition helps you. For further information, read pages 8 to 10 of the steemit white paper https://steem.io/SteemWhitePaper.pdf . Cheers and steem on !

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Thank you that was very helpful

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It's my pleasure, @Kebin.

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You are welcome, @Kebin !

i think, it is like ethereum - etc and eth

1 SBD is worth cca 1$ but I suggest waiting the price range at about 1.4$ like today's before you sell.

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Thankyou i do some research now ..

Thankyou for all the upvote .