Like they always say, sometimes life throws to us what we expect least and we just need to accept it as it comes. Today I will be participating in the @dequeen in the Steem and fashion Community contest and be sharing my view of how far this year has gone.
Did you know about sbd or is it something new to you?
Even though I joined Steemit this year, I must confess that I am already aware of SBD which is the Steem Blockchain dollar. It actually works as a stablecoin associated with Steem on the Steemit platform. It was designed to be a stablecoin so as to give this stable and predictable value for Steemians.
Of course there are some few features I have discovered about SBD which I would like to share with you.
- Pegged to the US Dollar: SBD is always pegged to the US dollar. Though it is growing behind the $1 it was designed to be but originally , it was created to be pegged to be 1 SBD = $1.
- Reward Mechanism: The other feature is in the aspect of reward mechanism. Sbd is also designed to help reward content creators majorly on Steemit so that users will be able to earn SBD after they have received upvotes.
- Convertible to Steem Tokens (STEEM): The third one feature is SBD is designed in a way whereby it helps to convert to Steem tokens. It is that Steem that can be traded on a whole lot of cryptocurrency exchanges we have available.
How has the arrival of SBDs influenced the growth of Account.
There are a lot of ways that I believe strongly that the arrival of SBD have actually influenced the growth of account on the Steemit platform which I want to share right now.
- Monetary Rewards: Of course that will be the first I will talk about. It has helped to give this financial reward for users for creating their high quality contents. Now Steemians can receive SBD after receiving upvotes based on the high quality contents they make. This can really go a long way to actually help them to remain active beyond what I can ever imagine.
- Encouraging Account Sign-Ups: It also helps to encourage a lot of accounts to sign up because of the earnings potential that is very involved. This can also help to convince a lot of people which will help the onboarding programs because they see the possibility of making more rewards.
- Promoting Community Engagement: It also helps to promote community engagement and a whole lot of people will wonder how. The fact that steemians knows that they can earn SBD by engaging in others post and dropping valuable comments, this can go a long way to ginger them to be active much more thereby Promoting community engagement.
These are some of the ways I actually believe SBD have gone to influence the growth of account on the Steemit platform.
Briefly explain how to convert SBD to steem.
Alright I will be showing us how to convert our SBD to Steem. Lucky enough, I have some some SBD in my account as you can see below.
As you can see, I have 0.52 SBD which I will be converting to Steem. The first thing is to click and move to the market section
Then I will make sure that I insert the needed SBD I want to convert so that I can get the equivalent value of Steem based on the price.
Then I press confirm and instantly it is changed.
And finally it is confirmed.
Do you consider that it is better to receive rewards directly in Steem or do you prefer them in SBD? Why
Well for me personally, I will say it is better to receive rewards in Steem much more than SBD because of some certain reasons which I will like to talk about.
- Higher Liquidity: The first one is in the aspect of Higher liquidity. I believe since Steem is more liquid that SBD, if we are receiving rewards in Steem, it will create more liquidity than is actually needed.
- Long-Term Investment Potential: The second one is through the long term investment . I believe Steem most especially holding Steem can go a long way to determine the growth of the Steem Blockchain which will allow users to power up and help them to increase their influence as it passes by. In fact this can later help to boost their earnings potential through duration rewards.
- Flexibility in Usage: Then the last one is through flexibility in usage. I believe Steem is very flexible innusahe because you can use Steem for a lot of things within the Blockchain space. You can use it to power up or even trade it for other cryptocurrencies which is very important.
I invite @sahmie @pea07 , @dequeen and @mikitaly @yahnel and @m-fdo to drop a very constructive comments on this post and also to participate in this contest.