Steem Dollars company info

What does Steem Dollars do?
Steem Dollars (CRYPTO:SBD) are a stablecoin pegged to the US dollar, serving the Steem blockchain to incentivize content creation and curation. They also play a vital role in supporting the Steemit blogging and DLive streaming platforms. SBD is generated as users power up their STEEM tokens, the native cryptocurrency of Steem. This process involves locking up STEEM for a period, yielding SBD and voting power in return. Users earn SBD through content creation, upvotes, and curation activities. The Steem team is actively engaged in projects to enhance the SBD ecosystem, such as the Witness Program for rewarding node operators, the Proposal System for community-driven blockchain changes, and the Development Fund for feature and application development. The primary objectives of the Steem Dollar project include providing a stable and reliable cryptocurrency for content rewards, empowering the Steem ecosystem, and establishing a decentralized, community-driven platform.
Company Snapshot

How many people does Steem Dollars employ?

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Employees
11-20

What is the market cap for Steem Dollars?

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Market Cap
$49.95M

Where is the head office for Steem Dollars?

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Head Office
Hong Kong

What year was Steem Dollars founded?

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Year Founded
2016
What does Steem Dollars specialise in?
/Content Creation /Media

What are the products and/or services of Steem Dollars?

Overview of Steem Dollars offerings
Investment: SBD can be bought and sold on exchanges, and it can also be held as an investment.
Medium of exchange: SBD can be used as a medium of exchange to buy and sell goods and services on the Steem blockchain and on other exchanges that support SBD trading.
Power the Steem ecosystem: SBD is used to power the Steem ecosystem, including the Steemit blogging platform and the DLive streaming platform. SBD is used to pay transaction fees on the Steem blockchain and to reward witnesses who run nodes and maintain the security of the network.
Reward content creators and curators: SBD is used to reward users for creating and curating posts on the Steem blockchain. Users earn SBD when their posts and comments are upvoted by other users. SBD is also distributed to users who curate content by voting on posts and comments.
Stablecoin: SBD is a stablecoin pegged to the US dollar. This means that its price is relatively stable and it can be used as a store of value.
Staking: SBD can be staked to earn rewards and to support the Steem network.