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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.




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



















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Last update: 12/16/2017