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Thank you @innervision for your question, it is actually USD and today for example, it is worth $0.25.Screen Shot 2018-01-27 at 8.41.26 PM.png
Go here to play with the calculator: https://steemnow.com
And if you want to know more where this is coming from, you may want to look at the Steem Economics section of http://steem.guide

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