Did you know about sbd or is it something new to you?
SBD is an acronym for Steem Backed Dollar, it is a cryptocurrency rewarded as well as steem after 7 days or post pay out.
SBD is not new to me, I have known it since I joined the steemit platform since 2021. However after a while, post only paid in Steem and not the usual steem and SBD. This I think was as a result of the volatility of cryptocurrency
How has the arrival of SBD influenced the growth of Account
SBD has tremendously affected the growth of my account and many other steemian since it has a higher value than steem.
When I make posts on this Blockchain and get paid, if I am paid in SBD, the value is more than when I am paid in just steem
This can also influence how often people make post or engage in the steemit platform because it serves as a source of motivation to them
Briefly explain how to convert SBD to steem
The steps are quite easy. I will be doing a practical session from my own account
Step 1:
Log into your steemit wallet account using your active key
Step 2.
Go to your steem dollar option and click the backdrop. Choose the market option
Step 3.
You will see a draft like this. Fill in the buy session stating how many SBD you wish to convert to steem and it will show you the equivalent steem the number of SBD will produce
Step 4
When you click buy, to confirm your order, you will get a feedback like this
Step 5
Finally, you will get this feedback showing your order has been placed.
Do you consider that it is better to receive rewards directly in Steem or do you prefer them in SBD? Why
I consider it better to receive rewards in SBD. This is because with SBD, the rates are high. It has more value than the steem.
I can earn significantly while using SBD than steem
I invite
@josepha
@elian
@ninapenda to join this contest
Thanks for reading through my post
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Hi @beewrites,
my name is @ilnegro and I voted your post using steem-fanbase.com.
Come and visit Italy Community
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SBD rates are really high so earning in SBD would be better. I totally agree with you.
Wishing you success in this contest 🤗
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