Understand What is Steem Token and Steem Dollar on Steemit
Good night friends? How are you all, I hope everyone is in good health and will be more successful in working at Steemit. In this post I will share a little about Steemit. What is Steem Dollars? and what is Steem ?. The goal is that we are all more enthusiastic about working at Steemit and also want to support the Steemit community so that it can grow and be more successful in the future.
Steemit is one of the platforms launched in 2016. And its first founder was named Ned Scoot. However over the years He has witnessed a tremendous growth in the user base. Then users will be rewarded for the content they post on this platform, either in the form of Steem Dollars (SBD) or Steem Power (SP). However, the gift will be given to content that is original, useful and also of high quality.
What is Steem?
STEEM on the other hand is the blockchain that powers the Steemit platform. Actually Steem is the basic unit that determines the value for all other units in Steemit such as Steem Dollar and Steem Power. Steem uses Smart Media Tokens, which are native digital assets on the Steem Chainchain. However, Steem Tokens also have a price to be traded and can be converted to Bitcoin or Ethereum.
Steem price today Sunday 18 - April - 2021 and its charts
In 2021 the price of Steem will increase, is this a sign that Steem will continue to increase in the future? But I think the Steem price will continue to increase as many people around the world are supporting this Token.
What is Steem Dollars?
Users will be rewarded for their contribution to the Steemit platform in this Cryptocurrency unit known as the Steem Dollar. It is very important to note that SBD is not fixed, On the contrary, they fluctuate depending on current market conditions. SBD can also be converted to STEEM and exchanged to STEEM on the internal market on various exchanges such as Bittrex.
Steem Dollars price for today Sunday 18 - April - 2021 and the chart
We can see that in 2021 the price of Steem Dollars will grow drastically and rise to 100%. Although in the previous year the price of Steem Dollars had also fallen to 100%. But I think that over time the price of Steem Dollars will definitely soar in the market.
This is my potion on this occasion to understand what Steem Token and Steem Dollar are on Steemit. Hopefully this is useful for all of you, especially for those of you who have just joined Steemit. Hopefully we can work together more and continue to support Steemit to be more successful in the future.
Regards @reynakarina