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if it goes to 99% it means the debt-to-ownership ratio is to the Moon and basically STEEM has been replaced by SBD.

SBD peg is not backed by real dollars, it's a debt instrument, it's backed by "$1 worth of STEEM".

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STEEM 0.18
TRX 0.15
JST 0.029
BTC 61949.37
ETH 2415.67
USDT 1.00
SBD 2.65