About Steem Dollars
Steem Dollars (SBD) is a cryptocurrency . Steem Dollars has a current supply of 9,801,650.135. The last known price of Steem Dollars is 0.78538219 USD and is down -5.10 over the last 24 hours. It is currently trading on 7 active market(s) with $1,543,383.36 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
₹641.89M
FDV
₹641.89M
Circ. Supply
9.8M SBD
Max Supply
Not enough data
Total Supply
9.8M SBD
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹85.28M
-36.79%
Volume (7D)
₹868.12M
Volume (30D)
₹3.24B
All time high
₹1.94K
Price Change (1Y)
-68.2%
Additional details
Recent trends
The latest SBD price is ₹65.47. Compared to Steem Dollars's value of ₹66.01 from 24 hours ago, there's been a -1% decrease, while the current price is -13% down from ₹74.32 which was recorded one week ago. Steem Dollars's all time high is ₹1,939.88, which was reached on May 17, 2017. This is a -97% change from its price today.
The market cap is currently ₹641.89M, which is a result of multiplying the current price of Steem Dollars(₹65.47) by the total supply(9,801,650 SBD). The fully diluted valuation of Steem Dollars is ₹641.89M. The diluted valuation of Steem Dollars is ₹641.89M.
Market details
SBD vs markets
↘ 77.19%
SBD vs BTC
↘ 80.23%
SBD vs ETH
↘ 55.44%
Tags
media
communications-social-media
content-creation
stablecoin
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | ₹65.47 | ↘ 1.07% |
1 Day | ₹66.01 | ↘ 1.07% |
1 Week | ₹74.32 | ↘ 13.13% |
1 Month | ₹75.00 | ↘ 14.10% |
1 Year | ₹198.33 | ↘ 68.20% |
FAQ
Steem Dollars (SBD) are liquid stable-value cyprtocurrency tokens pegged to USD A currency peg is a method in which a national government fixes the exchange rate of its currency with a foreign currency. SBDs are part of the parent Steem blockchain. Steem is a social blockchain that builds community while also providing users with direct revenue sources. The users are rewarded with STEEM tokens for sharing content on Steemit. Steem Dollars can be exchanged into STEEM and transferred to other accounts for use in commerce or exchange.
According to its whitepaper, social media network shareholders gathered huge profits from user-generated content. The content creators don't make any income. Steem reverses the model, giving the highest value to those who contribute the most. Users become platform stakeholders, keeping control of their data, and earning rewards for each creation. However, these rewards are inconsistent if the token price is volatile. It is noteworthy that successful global economies have a high level of stability and individuals worldwide are unable to engage in commerce and savings if there is no stability. Steem Dollars were created to bring stability to the world of cryptocurrencies and to the individuals who utilize the Steem network.
Steem Dollars aims to shield traders from price volatility and manipulation. The Steem protocol safeguards the community from manipulation by enabling people to only convert from SBD to STEEM and not the other way around. The blockchain determines how and when SBD is created and who receives it, stabilizing the pace of SBD formation and eliminating most of the potential for misuse.
To earn SBD, users need to mine them. Contributing to the platform is considered as the Proof-of-Work for mining. On Steemit, users earn income by publishing blogs, commenting, and upvoting. The concept is that those who publish helpful blogs would receive more up-votes. Users will not vote up stuff that is not helpful. When bloggers gain upvotes, they are rewarded with SBD.
The first block of Steem blockchain was launched on March 24, 2016, following which the whitepaper was released in August of 2017.
We update our Steem Dollars to INR currency in real-time. Get the live price of Steem Dollars on Coinbase.
The current market cap of Steem Dollars is ₹641.89M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Steem Dollars is ₹1,939.88. This all-time high is highest price paid for Steem Dollars since it was launched.
Over the last 24 hours, the trading volume of Steem Dollars is ₹85.28M.
Assets that have a similar market cap to Steem Dollars include Tenset, ROA CORE, Aurory, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Steem Dollars is 9.8 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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