Crypto currency Steem Backed Dollars gained 112% during the past 24 hours.
It has recently traded at 0.0002638 BTC or about 26,380 PND.
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.
It is listed on BitTrex, Poloniex and HitBTC cryptocurrency markets.
What are your thoughts on this coin and its outlook for the future?
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