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RE: Steemit Financial Instruments: Steem, Steem Power & Steem Dollar Explained

in #steemit • 7 years ago

Good post but one point to be corrected.
Steem Dollar is not an IOU. It is a derivative backed by $20 worth of STEEM per SBD. And it guarantees $1 value but the value can be higher if there are great demands.

7 years ago in #steemit by
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