SBD (Steem Dollars) Price Alert, Chart & News on BitScreener Market

Steem dollars (Symbol: SBD)
This is the currency of Steemit platform and is also known as SMD. This is what people send each other when they upvote posts about Steemit. The reason it Steem dollar is called because one Steem dollars represents a lot Steem USD 1 per at this time on the exchange rate required to reach (more or less). However, unlike Steem, you can use not Steem dollars outside the Steemit platform. You will first need to convert your dollars into Steem Steem and only then will you be able to convert this Steem in Bitcoin or USD. The reason Steem dollars were created because the founders wanted to tie the value of Steem in any way to the US dollar, so that people will be able to act within Steemit, but not to be afraid of exchange rate fluctuations. In this way, if you act, for example, 100 Steem dollars you know that you are giving away 100 USD worth Steem.
more detail https://bitscreener.com/coins/steem-dollars 

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