.001 SBD?

in #steemtofiat • 7 years ago


I know the Steem Dollar is supposed to corralate with the US Dollar value for the most part but just a quick question I have been wondering. Why do SBDs go to a 1000th of a decimal place when the dollar doesn't go that low? How can you have a fraction of a cent? I just don't get how that trades.

#steemthought #sbd #steemithelp #money
7 years ago in #steemtofiat by
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     7 years ago (edited)
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     7 years ago 

    Oh wow I just checked the price that is interesting.

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     7 years ago 

    It doesn't really trade down to the fractions of the cent. The exception becomes when you are in a country where the currency is on a different scale and those fractions of a cent does matter. It also makes it more accurate, so it's a win-win.

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     7 years ago 

    oh ok thank you for clarifying very cool.

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