Review on Steem Dollars by Jimmy Centeno
Steem Dollars
Steem Dollars is a currency of the Steemit platform where content is created, it is managed by the blockchain of this platform, although it is currently traded on exchanges for USDT and even BTC, which previously this currency only operated on the Steem platform. Steem Dollars have a value anchored to the US dollar, so it remains stable against market volatility.
Undoubtedly, this coin was created to reward content creators on the Steemit platform, making it possible for users to earn immediate income by rewarding them for sharing such content. Apart from this, it is a currency that, as long as you have it in the Steem wallet, will generate interest for users. This currency has free and fast transactions through its blockchain. Steem Dollars earned its good reputation on this social platform since many of its users operate this currency daily, however it is very followed by social networks and is highly sought after by content creators, to the point that there are up to 4 exchange platforms to trade with this currency.
Pros
- The platform to create Steem content, gives its users 10% interest for having or keeping this currency in their system.
- Steem Dollars is stable, and always maintains almost the same value of the dollar, ensuring that no matter how volatile there is on the Steem platform, it will keep the value almost equal to the dollar.
- It can be traded in 5 active markets such as Upbit, Bittrex, HitBTC and GOPAX, and can be exchanged for KRW, BTC and even USDT.
- This currency is awarded as incentives to create content or to attract its users to participate and grow their Steem platform.
Cons
- It only works on the Steem blockchain.
