SBD

Steem Dollars (SBD) is a cryptocurrency used on the Steemit platform, a blockchain-based social media network where users can create content, engage with others, and earn rewards. Steem Dollars are one of the currencies earned by content creators on Steemit, alongside STEEM and Steem Power.

Designed to be pegged to the US dollar, Steem Dollars aim to provide a stable cryptocurrency option for users within the Steemit ecosystem. SBD can be traded on various exchanges, converted into STEEM, or used to purchase goods and services within the platform. Holding SBD also allows users to participate in the governance of the Steemit network through voting on proposals and changes.

By offering a stable currency option, Steem Dollars help mitigate volatility and provide content creators with predictable value for their contributions, enhancing the economic incentives for participating in the Steemit community.