Steemit Crypto Academy - Topic 6 - Homework Post for @yohan2on by @kelia

in SteemitCryptoAcademy3 years ago

Hi all all my steemit  my friends I was very busy this week and I just got free today today is Saturday and I thought I will do the homework for this week I had my research 2 to 3 days ago  but I had no time to write this article   so I will try to right now no matter what happens and I hope that you  understand and learn something from it thank you




 Stable coins


what is stable coin stable coin is the name says it is always stable not like other cryptocurrencies which has very high volatility in it how is it always table will because it is always pegged with  another currency like US dollar or Euro or  gold oe  petrol  and it can be back by cryptocurrency itself  like  ethereum Bitcoin and others  let me give you example  Suppose we have a stable coin which is backed   Euro it means that the  price of that coin will always be the same to euro 1 is equal to 1 euro  it means that for one table coin there will be one Euro  reserved and no matter what happens it will always be equal to one Euro



 what is  SBD 

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source

 this is a coin which is backed by United States dollar  so one is sbd is equal to  to one US dollar It can go up if there is a high demand for this specific coin in that case it can even cross the $1 mark   sbd cannot be mined sbd runs on a blockchain name graphane And this is the first is blockchain ever any transaction will only take 3 seconds 



How to get sbd



1   you can get this coin by going to online market  I like there are many I will list them down below you can buy this coin from there which we call trading you can trade for it you can sell your coins and you can buy this coin There are some really famous exchange where you can go and get this coin well you can even use the internal market in steemit  f you have a account without account you can't use that market as well 


Some of the exchanges where you can trade this coin

1 Upbit

2 Bittrex

3 HitBTC


2  ou can earn this coin by creating quality content on this really amazing platform steemit  if you create post for you comment on other people's post and if you get up vote from that you can get sbd  as  reward 

When you create a new post you will get an option before posting the article or post actually there will be three options 

 action number 1   decline  payout 

 option number 2     50% 50%

 option number 3    100 % power up

Now you will have to choose the second option which is 50% 50% it means that you will get 50%  steem power and  50% sbd which I will explain with the real example


First you'll have to create an account  in steemit  and then you will have to post quality content that's a topic for some other day but I will explain how much reward do you get if you get a certain amount of upvote   I will give you an example I will just pick a random post and I will give you the example from that so that you can understand better

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as you can see i have got upvote of $17,36 and its set on 50% 50% so i will get sbd in it now let see how much sbd have i got from this post

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as you can ssee i have got 4,340 from this post now i hope you understand how it works

 how to transfer  sbd  to someone


 as you guys know that  in steemit  you get a wallet as well so that is your wallet you can keep all your coins and there as long as you want but if someone wants to send their coin to another wallet for to exchange how can they do it well let me explain the steps in then I will give you a screenshot as well


 step 1     click on the wallet in the corner

 step 2      click on the arrow with the sbd

 step  3       enter the username or wallet address

 step 4      put the amount how much you want to send You can leave the memo empty or you can write something in that that computer depends upon you it's like a small note

 step 5        click on the next button and enter your password

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 how to sell sbd  using internal market


I have been using the internal market because it's very easy and really fast you don't have to do any registration for creating account and it is so easy you don't even have to put the the keys or anything you just select the amount and everything will be done in just a few seconds so let me show you how to use this and trust me this one is the most easy one if you ever want to convert your sbd   e you have to do that I will give you the steps first and then I will provide the screenshot as well for better understanding

 step 1   open your wallet

 step 2    click on the arrow and then click on the market

 step 3    the market will be opened in another  window  what how much is BT you want to sell and then click on the  buy  steem button

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thank you


Professor @yohan2on here is my home work task for week #5 topic deFi wallet.

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


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Hi @kelia

Thanks for attending the 6th -Crypto course and for your effort in doing the given homework task.

Feedback
Very good work. Well done with your research on SBD. Thanks for the wonderful explanations and tutorial on how to earn, transfer/exchange SBD.

Homework task
8.5

hank you professor means a lot

Why are so many sending SBD to user.dunamu?

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