Steemit Crypto Academy - Topic 6 - Homework Post for @yohan2on by @akashhassan
Steem backed dollar(SBD)
Sbd was designed to be the same price of USD and technical terms if I say it is pegged with is USD So one SBD is equal to $1 it can go high if the demand goes high in the market It's that usual things supply in demand so sbd is not mineable like Bitcoin it runs on a different blockchain Which we called Graphene Which is the fastest blockchain I would say because it can do transaction less than 3 seconds and trust me I have personal experience tha
Current value or price
The current value of the coin is way higher than $1 it is because of the demand in market it's a normal logical thing If a demand of something is hide the price go up it doesn't mean that it will always be that hi it can come down but it can be stable on $1 which is the tagged currency for sbd
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmeB7k6DiT5NXBfqC37kJbhM2DceXnB3nKbAimS5H859FT/image.png)
And it's high because the demand is high and the supply is low the new coins are getting mind but slowly not like other coins like Bitcoin New coins are mined through reward pool to distribute among the users for their post And it is not happening that fast it's really slow process so that's why the rate is high
How to get steam dollar
as much as I know there are only two ways to get this coin in your pocket I will be telling you guys the two ways to get this coin in detail
1 through trading
2 creating content for steemit
You can get this coin by trading and that is very simple just like other coins you will have some sort of currency some sort of coins to trade this coin to buy this you can go to any exchange I will put a list of the exchanges where you can trade this coin you must have some sort of currency and you can buy this I will show you how I do it
These are the to exchanges that I recommend
BitMEX.
Poloniex.
I use the internal market in steemit because that is very easy and simple you don't have to do much of the work and it's fast as well and the other factor is that I don't know how to use the other exchange is because I've never used them internal market does everything for me so I don't think of other options but you can do that you can go to any exchange which support this coin and yes you can trade for it
To access the internal market
go to your wallet
click on this sbd that arror sing
select market
there you go market is open for you
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmS6UeqcjzzDyyHy7Knihc3pEat4eRR1tGFVYk3RL8NWdm/image.png)
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmbUUp5C7x8fKc8Mf4ncVBtLFAin3By6ybqPegirhVJdEa/image.png)
Now I will show you how to get this coin from steemit by creating content
Basically you get a reward for making content like post and comments for this you must have a account it and when you create a new post there are three options that you will have to choose from in the reward section By default it set to 50% 50% which means that you will get 50% sbd and 50% steem the second option is declined payout and the third option is 100% power up now if you want to get some sbd as reward then choose the 50% sbd and 50% steem in this case you will get 50% of the total reward in sbd
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmdEuWZsUvKTQaiXPWo8KyLYMg4cy8r1zekH3oMgxWSZAb/image.png)
Now I have created this post and I got and upvote of $21.25
lets break this down how much sbd will we get from this post upvote you are not getting 21.25 okay keep that in mind i will show you ow
10.05 sbd divide into two i will get 5,06
so this is how you get sbd by creating posts and comments
if you want to know the exact amount of each and everthing you can use this website for that it will tell you everthing in detail for example steemworld.org/@akashhassan
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmQohQzxzUVFbZ3gQCd84wnYQyzexHD3G1iPzupVx4gPYq/image.png)
how to transfer to other wallet and exchanges
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmSGjCNhZ8TXQcsV2fiUqaC7QdcLCTjJk3nujVzQ3yqFQR/image.png)
It is really easy you will go to the wallet login if you are not and you will need your private key to do a transaction here
then click on the sbd that arrow and click on transfer
![image.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmdvSscijY7cvnnvqTvgpAjxEeZngpdTktqYfhY3RLpTb4/image.png)
after that a new window will pop up and that will ask you about some information fill all the blanks and you are good to go
the first thing is already filled which is your username it means that the money is going from this account or whatever that is
The second window size TO it means that where you want to send the money if you want to send it it inside steam at just fill the name of the person whom you want to send the credit
The third window says amount it means that how much amount you want to send you can type with their and there is a option of SBD AND STEEM
In the last you have the memo option which is nothing so special you can type anything in that like if you are giving somebody loan just type loan Aur ek you want to sell your sbd just type sell it's basically the message with your money
thanks for reading
Hi @akashhassan
Thanks for attending the 6th Crypto course and for your effort in doing the given homework task.
Feedback
This is good work. Just keep improving on the quality of your articles by eliminating grammatical errors in your articles.
Homework task
7
my post has not been curated
sir nmy homework post for weeek 6 has not been curated and its expired what should i do should i repost what is the salution