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Steem Dollars (SBD)

Steem Dollars can almost always be converted to $1.00 worth of STEEM.

Steem borrows a concept from the startup world known as a convertible note. Convertible notes come in many forms, but the basic idea is that they are worth $1.00 of shares at a future price. STEEM Backed Dollars (SBD) convert to a crypto-currency rather than to shares in a company.

The price used to convert SBD to STEEM is derived from a reliable decentralized price feed.

Ned Scott "steem" CEO of Steemit
Daniel Larimer "Bytemaster" CTO of Steemit, founder of Bitshares

If you believe any of this data is inaccurate please contact us.

Last update: 12/16/2017