Steemit Crypto Academy week 6 - Stable coins |Homework task for @yohan2on | SBD stable coin

Hello Dear All !

today i am going to do my homework task of week #6 for professor @yohan2on.
I always learn some new things from professor's lectures and its awesome to learn and than doing research and gaining more knowledge about crypto world is awesome thanks to professor @yohan2on.

STABLE COIN

Stable coins are those which prices are stable somehow and the benefits to a business that a stable token could provide are great a stable coin makes finance far easier than a volatile coin since the price is predictable. Stable coins have a great value in the decentralized world and we can make a very nice profit out of it.Source.

STEEM BACKED DOLLAR

Steem backed dollar or SBD is of the stable coins. I selected SBD for my homework because i am working on steemit far long and have more knowledge about SBD than any of the other stable coin. Stable coins are backed by some other assets such as real life currencies such as USD, Euro and gold. SBD is pegged with USD, so one sbd is always equal to 1 USD it can also go up and its value can be more than one USD it depends upon the demands, if the demands is high it can go way high than 1Usd.

FROM WHERE IT COMES?

Unlike other stable coins Dai or tether it can not be mined but it can be earn by different methods.

BY TRADING
You can get SBD by trading (buying it for any other currency) you can buy SBD with steem from steemit internal market or you can also use some other sites which helps you to buy SBD such as Bittrex .

AS A REWARD ON STEEMIT
Steemit is a platform where you can get SBD as a reward of your posts but yes there are three cases,
When you make a post on steemit it gives you three options, the first one is decline payment it means you will not get any reward on this post if you get upvotes still you will not receive any kind of reward.
2nd option which they provide is 50% SBD and 50% SP , which means if you set your post payout to 50/50 than your post payout will be divided into two parts some part of that reward will give you in the form of SBD and the other part in the form of SP(steempower) and will directly go to your steempower.
The third option in the post payout is 100% powerup, which means if you set your post to 100% poerup than you will not get any SBD and only steem power will be redeem from your posts.

Conclusion is that the only option to get SBD as a reward is by setting your post to 50/50. Here is a example if you set your post to 50/50.

MARKET VALUE

Now a time the market value of SBD is way high than it should be because 1 SBD is always equal to 1 USD but now one SBD is equal to 6.6 USD which is almost six times high than the value it should be. It is only because the demand for SBD is very high and that's why its market cap is high now a days.

You can check the graph for SBD into USD which shows that the price of SBD is moving with high ratings you can check the graph which shows its movement.

CONVERSION

You can convert SBD into Steem very easily by the internal market i personally used the internal market for the conversion of SBD into steem.
You will need to go to your steemit wallet and than you have to click on the arrow of the SBD and there you will click on the market button and it will take you to the market for converting your SBD very fast very easy.

and in the market there you can buy as well as sell SBD, You can convert steem to SBD and SBD into steem and it does your conversion in seconds and that's why I myself will suggest you guys to use the steemit internal market for buying or selling SBD.

Professor @yohan2on here is my home work task for week #6 topic Stable Coins.

Special Mentions To @steemcurator01 and @steemcurator02 to get their support.

REGARDS
🌸 @janemorane 🌸