Steemit Crypto Academy | Stable Coins | Homework task 6 for @yohan2on

Hello friends !!!

Today I'm going to make my Steemit Crypto Academy Homework task 6 by professor @yohan2on, Lesson 6 that talking about Stable Coins. A very valuable learning. I am very interested in participating in this homework task 6 for this week. On this occasion I will try to discuss about Steem backed dollar (SBD). It's time to do it...

Stable Coins

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Until now, over time cryptocurrency continues to grow for almost everyone in this world. Especially people who jump into the world of cryptocurrency to learn to invest and make a profit. However, the occurrence of cryptocurrency price volatility is a problem that must be dealt calmly. A lot of efforts have been made by several companies and organizations to control this problem. The presence of Stable Coins is one form of efforts that have been successfully carried out and can be felt by everyone today.

One of the digital coins that has become a stable coin today, namely Steem backed dollar (SBD). This coin uses a steem blockchain base system which is able to control price volatility. It is no stranger to all steemit users with this coin because this coin is one of the coins that can be obtained besides Steem coins which is an advantage and benefit of using steemit. This coin is presented as a stable coin to be valued at 1:1 USD, it is expected that 1 SBD must be the same as the amount of Steem that can be purchased for 1 USD.

Steem Backed Dollar (SBD)

Steem backed dollar (SBD) is a stable coin that is expected to control the volatility of cryptocurrency prices that you can get by using steemit. Steemit rewards all users in the form of cryptocurrencies such as Steem, SBD, and Steem Power. This is an effort to maintain and control the volatility of cryptocurrency prices while making profits or money. Besides that, steemit is also a place that is able to provide a lot of new knowledge and all things related to human life. Therefore steemit users continue to increase until now and make steemit popular and known in various countries.

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You can exchange and trade Steem backed dollar (SBD) into other cryptocurrencies you want by Bittrex, such as Bitcoin and Ethereum. And you can also cash it into fiat currency. This is very helpful in controlling the volatility of cryptocurrency prices by getting SBD and making transactions on it in the crypto market. Not only in steemit, you can also find SBD on several market exchanges and has its own capitalization value.

Not only that, you can exchange and trade Steem backed dollars (SBD) on the internal market which makes it very easy for steemit users. Steemit shows the best features to all users by presenting this internal market. You can use this service to exchange SBD to Steem easily and quickly. This shows that the emergence of SBD as a stable coin is constantly being updated and upgraded to a better quality.

Get and Transact Steem Backed Dollar (SBD)

As a steemit user, surely you already understand how to get and transact Steem backed dollar (SBD). Before posting an article, it would be nice for you to know the 3 options provided by Steemit to help you get awards or prizes for posts that you give to other steemit users. There is a Decline Payout which means you won't get anything, 50% SBD / 50% SP is the right choice because you can get SBD and Steem Power at the same time so that the benefits you get are better, and Power Up 100% which means you can just get Steem Power to increase the strength of your steemit account.

Then you can make Steem backed dollar (SBD) transactions in any form, you can transfer, savings, market and trade SBD. You can transfer it to anyone for your own reasons. And you can also transfer SBD to Bittrex as I explained earlier to exchange SBD to other Cryptocurrencies for your own reasons. Usually steemit users make transactions to Bittrex with the aim of getting fiat currency which will be useful in real life.

Thank you for reading my blog, hope it will be useful for all of you.

CC:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02