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Steem Dollars
SBD
Steem Dollars is not supported by Coinbase.
Market
Market stats
Market cap
$27.5M
Volume (24h)
$2.0M
Circulating supply
12.5M SBD
All time high
$22.34
Price change (1h)
+0.56%
Price change (24h)
-0.05%
Price change (7d)
+0.4%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Steem Dollars is on the rise this week.
The price of Steem Dollars has risen by 0.40% in the past 7 days. The price declined by 0.05% in the last 24 hours. In just the past hour, the price grew by 0.56%. The current price is $2.21 per SBD. Steem Dollars is 90.12% below the all time high of $22.34.
The current circulating supply is 12,460,179.304 SBD.
Ratings
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About
What Is Steem Dollars (SBD)?
Steem Dollars (SBD) are liquid stable-value cyprtocurrency tokens pegged to USD A currency peg is a method in which a national government fixes the exchange rate of its currency with a foreign currency. SBDs are part of the parent Steem blockchain. Steem is a social blockchain that builds community while also providing users with direct revenue sources. The users are rewarded with STEEM tokens for sharing content on Steemit. Steem Dollars can be exchanged into STEEM and transferred to other accounts for use in commerce or exchange.
According to its whitepaper, social media network shareholders gathered huge profits from user-generated content. The content creators don't make any income. Steem reverses the model, giving the highest value to those who contribute the most. Users become platform stakeholders, keeping control of their data, and earning rewards for each creation. However, these rewards are inconsistent if the token price is volatile. It is noteworthy that successful global economies have a high level of stability and individuals worldwide are unable to engage in commerce and savings if there is no stability. Steem Dollars were created to bring stability to the world of cryptocurrencies and to the individuals who utilize the Steem network.
Steem Dollars aims to shield traders from price volatility and manipulation. The Steem protocol safeguards the community from manipulation by enabling people to only convert from SBD to STEEM and not the other way around. The blockchain determines how and when SBD is created and who receives it, stabilizing the pace of SBD formation and eliminating most of the potential for misuse.
To earn SBD, users need to mine them. Contributing to the platform is considered as the Proof-of-Work for mining. On Steemit, users earn income by publishing blogs, commenting, and upvoting. The concept is that those who publish helpful blogs would receive more up-votes. Users will not vote up stuff that is not helpful. When bloggers gain upvotes, they are rewarded with SBD.
History of Steem Dollars (SBD)
The first block of Steem blockchain was launched on March 24, 2016, following which the whitepaper was released in August of 2017.
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Steem Dollars Calculator
How much is 1 SBD?
Conversion Table
SBD/CAD (Canadian Dollar)
CA$2.99
SBD/JPY (Japanese Yen)
¥329.34
SBD/INR (Indian Rupee)
₹183.74
SBD/BRL (Real)
R$11.01
SBD/EUR (Euro)
€2.09
SBD/NGN (Nigerian Naira)
NGN 1,722.67
SBD/KRW (South Korean Won)
₩2,986.57
Reading List
News
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MicroStrategy buys 5,445 additional bitcoins for $147 million
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CoinDesk • Sep 25, 23
MicroStrategy Bought 5,445 Bitcoin for $150M Since August
The software ompany now holds nearly $4.68 billion worth of the largest cryptocurrency by market capitalization.
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Cardano (ADA) Claims Top Spot in Crypto Development Activity
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FAQ
What is the current price of Steem Dollars?
We update our Steem Dollars to USD currency in real-time. Get the live price of Steem Dollars on Coinbase.
What is the market cap of Steem Dollars?
The current market cap of Steem Dollars is $27.50M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Steem Dollars?
The all-time high of Steem Dollars is $22.34. This all-time high is highest price paid for Steem Dollars since it was launched.
What is the 24 hour trading volume of Steem Dollars?
Over the last 24 hours, the trading volume of Steem Dollars is $1.98M.
What other assets are similar to Steem Dollars?
Assets that have a similar market cap to Steem Dollars include ZEON, Reserve, Chainge, and many others. To see a full list, see our comparable market cap assets.
How many Steem Dollars are there?
The current circulating supply of Steem Dollars is 12 million.
Can I buy Steem Dollars on Coinbase?
No, Steem Dollars is not currently available on Coinbase, but you can sign up to get the latest news on Steem Dollars and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.