
Steem Dollars (STEEMD) - BTC
Ƀ 0.00000324
3 months ago
0.00%
Mkt. Cap.
Ƀ 44.34
Vol. 24H
STE. 0
(Ƀ 0)
Open 24h
Ƀ 0.00000324
Low/High 24h
Ƀ 0.00000324
-
Ƀ 0.00000324
We have decided not to classify Steem Dollars (STEEMD) as a stablecoin due to its significant price fluctuations and its inability to consistently maintain a 1:1 peg to the US dollar, despite its original design intent.
Due to the 'SBD' ticker's prior association with a fiat currency, the Steem Dollars token uses the alternative ticker 'STEEMD' for clear identification.
Whitepaper
Launch Date
2016-07-14
Max Supply
Not Applicable
Total Supply
13,684,598.65
Circulating Supply
13,684,598.65
Mkt. Cap. Penalty
0 %
Website
Consensus Mechanisms
Proof of Stake
Hashing Algorithms
N/A
Block Nr.
89,072,848.00
Block Reward
-
Network H/s
-
Steem Dollars (SBD) is a cryptocurrency within the Steem blockchain, a decentralised social media platform launched in 2016 by Steemit Inc., founded by Ned Scott and Dan Larimer. SBD was designed as a stable-value token pegged to the US dollar, aiming to provide predictable rewards for content creators and curators on the platform. The Steem ecosystem includes three tokens: STEEM (the core liquid token), Steem Power (SP) for influence and governance, and SBD for stability. SBD can be earned as a reward, used as a medium of exchange, or converted into STEEM. Despite its intent as a stablecoin, SBD has struggled to maintain its peg due to design flaws, including debt-to-ownership ratio limits, an imperfect conversion mechanism, and speculative trading. These factors have led to significant price volatility, deviating from its intended value of $1.00.