Steem Dollars
Performance
Converter
Metrics
Classification
Social activity
Links
Supply
Latest news
Key facts
Steem Dollars in numbers
Steem Dollars (SBD) ranks #1244 by market capitalization, at $5.84M. It has traded since Dec 5, 2020, with $2.16M of volume in the last 24 hours. Its all-time high of $3.49 was reached on Dec 5, 2020; the current price is 77.2% below that peak. Its cycle low of $0.638725 came on Dec 8, 2020.
9.80M SBD are in circulation.
About Steem Dollars
Steem Dollars (SBD) is a stable-value cryptocurrency pegged to the US Dollar, designed to bring stability to the cryptocurrency market. It's part of the Steem blockchain, which incentivizes content creation on social media platforms like Steemit. Users earn rewards in SBD and STEEM tokens for their contributions, promoting a model where content creators gain value from their work.
Background
Steem Network developed the eSteem social media platform to incentivize content creators and consumers to participate in a network where all contributors are compensated. The core development team at Steem Network developed this model in contrast to legacy social media platforms that compensate shareholders for user-generated content, but not always the content creators. Steem Network was designed to reverse the legacy social media model and compensate platform users while allowing them to maintain control over their data.