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Steem Dollars (CURRENCY:SBD) traded down 12% against the U.S. dollar during the 24-hour period ending at 8:00 AM Eastern on February 6th. Steem Dollars has a total market cap of $22.
27 million and approximately $13.87 million worth of Steem Dollars was traded on exchanges in the last 24 hours. One Steem Dollars coin can now be purchased for approximately $2.
70 or 0.
00038823 BTC on popular exchanges including OpenLedger DEX, Bittrex, HitBTC and Poloniex. Over the last week, Steem Dollars has traded down 54.4% against the U.S.
dollar.
Here’s how other cryptocurrencies have performed over the last 24 hours: Get Steem Dollars alerts: Bitcoin (BTC) traded 10.
2% lower against the dollar and now trades at $6,862.99 or 1. BTC. Bitcoin Cash (BCH) traded 14% lower against the dollar and now trades at $865.02 or 0.12683700 BTC. Steem (STEEM) traded down 11% against the dollar and now trades at $3.
13 or 0.00045823 BTC. Experience Points (XP) traded up 3.
3% against the dollar and now trades at $0.
0005 or 0. 8 BTC. Emercoin (EMC) traded 18% lower against the dollar and now trades at $2.
45 or 0.00035958 BTC.
BitcoinDark (BTCD) traded down 12.3% against the dollar and now trades at $75.53 or 0.01107480 BTC. Peercoin (PPC) traded down 15.5% against the dollar and now trades at $2.
73 or 0.00039972 BTC. Counterparty (XCP) traded 13.2% lower against the dollar and now trades at $22.
73 or 0.00333267 BTC.
BitBean (BITB) traded 1.5% lower against the dollar and now trades at $0.0255 or 0. 172 BTC. PACcoin (PAC) traded down 7.5% against the dollar and now trades at $0.
0000 or 0. BTC.
About Steem Dollars
Steem Dollars (CURRENCY:SBD) is a coin. It launched on June 4th, 2016. Steem Dollars’ total supply is 8,251,030 coins. The Reddit community for Steem Dollars is /r/steemit and the currency’s Github account can be viewed here . Steem Dollars’ official Twitter account is @steemit and its Facebook page is accessible here . The official website for Steem Dollars is steem.
io . The official message board for Steem Dollars is steemit.com/@steemitblog .
According to CryptoCompare, “Steem Backed Dollars or simply Steem Dollars are stable value pegged assets issued in the Steem.
it platform. SBD are pegged to the value of the USD and can be redeemed on the Steem.it platform for about one dollar worth of Steem. When Content creators receive rewards on the Steem.it platform they are made available in 50% Steem Power, which can be redeemed continuously over a period of 104 weeks, and 50% SBD which can be fully redeemed for Steem in a 5 day period.
SBD can also be transfered on the Steem Platform and can be exchanged outside of the Platform. “
Buying and Selling Steem Dollars
Steem Dollars can be bought or sold on these cryptocurrency exchanges: Bittrex, Poloniex, HitBTC, OpenLedger DEX and Tidex. It is not currently possible to buy Steem Dollars directly using U.S. dollars.
Investors seeking to acquire Steem Dollars must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Steem Dollars using one of the exchanges listed above.
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