Steem Dollars

Steem Dollars SBD

Market Cap $ 5.749 MM (#639)
24h Volume $ 16.759 K
Chg. 24h: 2.59%
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Steem Dollars News

@BobMcElrath @el33th4xor In the wild the only ones I know ab...

@BobMcElrath @el33th4xor In the wild the only ones I know about are BitUSD and SBD, and arguably DAI and NuBits (th…

a year ago

Steem Digital Asset Report: Token Review And Investment Grade

Steem Digital Asset Report: Introduction Steem is a blockchain that targets the social media sector and enables users to monetize their content. The blockchain is best known for the flagship application, a blogging website that surpassed 1 mln users in May of 2018. Since then, its popularity has been declining due to the abuse of its reward distribution system and the overall market downtrend. The entity behind Steam, Steemit Inc. has also been facing funding problems and had to lay off almost 70% of its employees, due to the steep drop in cryptocurrency prices. However, the technology behind the project is still generating interest amongst developers. Besides Steemit, the project hosts over 100 applications on its blockchain and plans the release of the Smart Media Tokens (SMT) platform, which will enable publishers to launch tokens on the Steem blockchain and monetize their content. Nevertheless, at present, the future success of the project is questionable as it faces many problems and stiff market competition, which are threatening its long-term development. This report is the Initiation Report - our first deep dive into the performance and risk/reward factors. The analysis, verdict and accompanying grade reflect our opinion on the long-term value prospects of a given token based on the current state of project development and indicators of future commercial viability - they are not designed to be indicative of short-term trading opportunities. You can see a full explanation of how our reports are constructed and what they mean at the bottom of this page. Steem Market Opportunities Steem is a social blockchain where developers can create various dApps as alternatives to existing social networks. The project targets the social media market, which is dominated by giants like Facebook, YouTube, Instagram, etc. The size of the social media market is expected to grow to $39 billion by the end of 2019. In 2019, it is also estimated that there will be around 2.77 billion social media users around the globe, up from 2.46 billion in 2017, the number of users is forecasted to grow at around 3% annually. Most popular social networks worldwide as of January 2019, ranked by number of active users (in millions). Steem has already developed various social networking apps on its platform, like Steemit (analog of Medium and Reddit), Steepshot (analog of Instagram), and DTube (analog of YouTube). While Steem as a layer 1 blockchain faces competition mainly from other blockchain networks, its most popular dApps are competing with products that are currently dominating the social media market. The major competitors to Steem in the blockchain industry are Ethereum, Tron, and EOS, which remain the most popular choices for dApp developers. Compared to Ethereuem, Steem provides higher scalability and free transactions, which makes it a better fit for content-driven dApps. Consider Sapien Network, a social media platform built on Ethereum that is analogous to Steemit. The latter has more advanced technology and a client base of over 1 million users. Sapien only has about 5,656 users and is limited by Ethereum throughput capabilities. The narrative is consistent for other Ethereum based social media projects. However, the two other major rivals, EOS and Tron, have much more active ecosystems. These blockchains are similar to Steem from a technology perspective, but have more dApps, more transactions per day, and wider communities. Currently Steem dApps are more popular than the EOS (ONO) and Tron (TronChat) alternatives, but due to the rapidly expanding user bases of the respective networks, they will become more prevalent in the marketspace. Our conversations with projects building dApps on the Steem blockchain revealed that startups are attracted to the platform because it has a lower entry barrier for developers than many of its competitors. Web developers who are comfortable with Javascript and Python can make an easy transition to working on Steem dApps. Competition in the Blockchain Space The competitiveness of Steem dApps relative to their centralized alternatives is very low. The main features that differentiate Steem’s applications from its traditional analogs are content being saved on the blockchain and crypto rewards for content creation. However, the rewards content creators can currently obtain on Steem’s social application cannot compare to the advertising revenue available to them on YouTube, Instagram or others. The situation has been different with, where popular authors could expect to get paid, as opposed to receiving nothing posting on Medium or Reddit. However, the fall of cryptocurrency prices and flaws in Steemit reward distribution led to authors starting to leave the platform, decreasing the overall quality of the content. For the most part, Steem’s most popular applications are trying to disrupt markets that are already established and monopolized by a few playe

a year ago

The CryptoDailyUK Definitive Guide To Steemit - Social Media On The Blockchain

The Journey on Steemit for Randy and Anabell Hilarski. In August of 2016, we were first introduced to the Steemit social media platform by our friends Jeff Berwick and Sterlin Luxan. After netting a whopping $5200 on my first post on Steemit I was hooked. Here is my first post, “Hi My Name is Randy Hilarski AnCap and Crypto Marketer.” According to the Steemitboard Hilarski page, I have made over 1,100 posts on the Steemit social media platform. What is Steemit? Steemit is a blockchain-based blogging and social media website, which rewards its users with the cryptocurrency STEEM for publishing and curating content, and is owned by Steemit Inc., a privately held company based in New York City and a headquarters in Virginia. - From the Steemit WikiPedia Page. Steemit Basics. Unlike the mainstream social media networks like Twitter, Facebook and Instagram a blogger on Steemit can actually earn rewards for their content. These rewards come in the form of cryptocurrency. Steemit Has Two CryptoCurrencies. What is Steem? STEEM is a cryptocurrency based on the social media and content-focused Steem blockchain, which was created on March 24, 2016, by Ned Scott and the blockchain developer Dan Larimer. With over 1.2 million registered accounts and a daily volume of more than a million signed operations, Steem is amongst the five blockchains with the highest level of activity In terms of total market capitalization, STEEM is currently ranked at place 43, with a market capitalization of more than 148 million USD. From the Steem WikiPedia Page. What is SBD or Steem Dollar? Steem Dollars are a stable coin on the Steem blockchain. Payouts on Steemit are priced in USD and paid out in Steem Dollars. If your post earns $1 you will receive 1 SBD. You can choose to receive 50% in 7 days and 50% to Steempower or 100% to Steempower. What is SteemPower? Steempower is the amount of Steem you have staking in your account on the Steem blockchain. It is similar to a savings account. Your Steempower is what gives you voting power on the Steem blockchain. The more Steempower you have, the more your vote is worth. For example at the time I write this article I have about 7,700 Steempower which gives me an upvote of $.15. I can vote 10 times per day. Once you reach 300 Steempower you can vote, on a sliding scale, down to 1% of your voting power. I can then vote 100 times per day but my vote would only be worth. $.0015 What is Powering Down? Powering down is the action of taking your Steem out of Steempower. If you want to power down your coins staked in Steempower it will take 13 weeks. You can start and stop a power down of your account any time you want. Steemit Security. As with any cryptocurrency Steem and Steem Dollars are real money. This means you need to take measures to protect your account. When you first sign up you will be given an ACTIVE OWNER KEY. I recommend copying this master key down on paper and putting it somewhere safe. When using Steemit use the least powerful key you have to accomplish the action you intend to do on the platform. Owner key The owner key gives full control over your Steem account. Its user is able to post, vote, transfer funds, vote for witnesses, and change all keys including being able to change the owner key. Active key The active key can perform almost all functions for an account except change the owner key. It can change all other keys on an account, including the active key. The active key can do everything the post key can do, plus allows transferring, trading, powering up/powering down Steem Power, and voting for witnesses. Posting key The posting key allows accounts to post, comment, vote, and follow other accounts. This is what most users should be logging in to Steemit with every day, only using the active key when something to do with transferring funds or changing keys is necessary. Borrowed from, “A User's Guide to the Different Steem Keys or Passwords” by @PFunk. Buying and Selling Steem/Steem Dollars. If you are like me you will probably want to buy some Steem to get your Steemit account going. When I first began back in 2016 I think I bought about $500 worth using Bitcoin. This guide is simply about Steemit and the Steem cryptocurrency so if you want to learn how to use Bitcoin you can visit Simply click on the link in your Steemit account that says wallet. Click the drop-down arrow. Click buy and the link will take you to Blocktrades. It will look like below. Choose how much Bitcoin worth of Steem you would like to buy and send the Bitcoin to the address provided by Blocktrades. Your account name will populate automatically. You can see the account I used steme-meme. If this is your first Bitcoin transaction I recommend you send a small amount. How to Use Steemit. Now that your Steemit account is up and rocking it is time to learn the basics and etiquette of the platform. Remember this is Social Media so you must be social. Your First Post. It is a common

2 years ago

E-Commerce Platform Adopts Bitcoin, XRP, Ethereum, Litecoin and Bitcoin Cash As Brazilian Movie Theater Goes Crypto

Spanish fintech company PaynoPain has developed a new payment platform to integrate cryptocurrency payments for online shoppers. E-commerce websites will be able to integrate the platform and allow customers to make payments in Bitcoin (BTC), XRP, Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), XEM, STEEM and Steem Dollar (SBD). The new platform will launch through the […]

2 years ago

Steem DApp Growth Exceeded EOS Last Month

Few blockchain platforms would even dream of a 4,600% increase in their number of dApps. But the decentralized sharing network Steem (STEEM) now has those bragging rights, for last month anyway. More than forty decentralized apps - dApps - went live on the Steem platform in December, up from only one that went online the month before. Data collected by the blockchain statistics site, State of the ÐApps, found 46 new dApps online last month. Social features formed the lion’s share, but there were also ten new media dApps as well as a handful of gambling games. Steem is a content platform that pays creators and curators in cryptocurrency. There are three different types of tokens: Steem Dollars (SBD), a USD-stablecoin, STEEM tokens and Steem Power. STEEM tokens, tradeable on exchanges, are rewarded to creators and curators. STEEM tokens were one of the big winners in the market today. Individual tokens are up by 6.2% in the past 24 hours, according to CryptoCompare. There has also been a significant increase in trading volume today, with more than $2.5M worth of STEEM tokens changing hands earlier this afternoon (GMT). 2019: The year of dApp development The good news isn’t just restricted to Steem. December was a record high for the number of dApps live on blockchain platforms featured on State of the ÐApps. In total, 179 new decentralized applications went online in December, up from the 141 in November. Ethereum (ETH) saw the biggest increase with 105 new dApps added to its network; 40 were online gambling features. Via State of the dApps Industry figures suggest this is a promising sign cryptocurrency is moving away from price speculation and towards concerted efforts to develop practical use-cases. Vladislav Dramaliev, Head of Digital Marketing at æternity, believes it also indicates that the community is alive and well. “The current proliferation of decentralized apps is proof that this community movement is alive and well,” Dramaliev wrote in an email to Crypto Briefing. “This movement has seen users abandon the trading desks in favor of coding terminals, as they seek to influence the direction of blockchain projects...2019 is expected to be the year of the commercially successful decentralized app, and with the number that are being developed every day, this is looking more and more likely.” Echoing similar sentiments, Robert Vigilione, the President and co-founder of Horizen, said the increase in dApp development activity meant cryptocurrency was maturing. He said: “We have the basics maturing to a point that we can now have more viable services, and hence, we saw exactly such a proliferation at the end of 2018. Expect 2019 to be a year of continued dApp development as they take advantage of improving infrastructure and a rapidly-growing marketplace.” Steem dApp growth beat EOS EOS saw 26 dApps added to its platform, a little better than it did in both November and October and down from its all-time high of the 56 that went online in September. There were 20 fewer dApps added to EOS than Steem in December. However, EOS handily beat Steem and every other platform in the number of users. EOS dApps have over 45,000 users per day, more than double the number of the next runner up, Ethereum, with 17,000. A decentralized restaurant review and a travel blogging and advice platform, as well as a polling application, were among some of the new dApps added to Steem. A decentralized adult content website, Dporn, went live at the weekend, in the first week of the new year. Steem has had its problems. Its flagship feature, the online blog site Steemit, faced criticism last year for becoming a hub for ICO hypers and scammers. Poor user experience led to a drop in active users and a corresponding decline in the value of Steem tokens. Steem’s new year’s resolution could be to diversify. Rather than depending too much on one ‘killer dApp,’ the platform can have its basis covered with an aggressive application expansion. Whether it will continue to outpace EOS remains uncertain. But on another note: Dan Larimer was formerly CTO and ‘visionary’ for Steemit before jumping ship to EOS’ lead developer, Block.One, in April 2017. Did he back the right horse? The author is invested in digital assets, including ETH which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Steem DApp Growth Exceeded EOS Last Month appeared first on Crypto Briefing.

2 years ago

What Is Reddcoin? Introduction to RDD Token

What Is Reddcoin? Reddcoin is a decentralized, blockchain-based cryptocurrency used to tip or send payments for social content. Unlike competitor Steem (and legacy platforms like Snapcash), the Reddcoin API supports all social platforms, from Reddit to Twitter and Twitch. RDD, the native cryptocurrency coin of Reddcoin, is mined by the ReddID wallet through a Proof-of-Stake-Velocity, which increases your odds of mining a valid block through your RDD balance. Social media is a big business - according to Pew Research, over 68 percent of American adults use Facebook alone. In fact, the social giant has over 2.27 billion monthly active users as of September 30, 2018. The rise of social media led to a rise in influencer marketing, with major social influencers generating millions of dollars in revenue. Now everybody wants to be a social media influencer, and with brands pushing toward microinfluencers, socialcoins like RDD, SBD, and STEEM are well-positioned to bridge the gap. Everyone should get paid for making social platforms like Facebook popular, not just C-suite executives like Zuckerberg. The idea of tipping content creators already created a rift that let social funding platforms like Patreon to create a new lane and flourish. If there’s money to be made in this lane, it’s going to be found, and Reddcoin isn’t the only one looking. Even Dogecoin is popularly used for tipping online. Will social currency and Internet tipping become widespread enough to sustain an entire market? Let’s begin answering that question with a breakdown of the RDD cryptocurrency and its market performance so far. RDD Cryptocurrency Summary As of December 17th, 2018, the circulating supply of Reddcoin is 28,808,713,174 RDD, with no total supply cap (the original hard cap of 109,000,000,000 was removed during the transition to PoSV). The peak price so far of RDD was $0.028770 on January 7, 2018. The Reddcoin public ICO token sale ended January 20, 2014 and raised over $100,000 worth of BTC in anticipation of the platform’s February 2, 2014 release. Over 5.45 billion REDD was minted in this initial batch. RDD was initially mined through PoW like BTC, but it was transitioned to PoSV mining in August 2014. The total supply of RDD increases approximately five percent on an annual basis. PoSV still requires processing algorithms, but because RDD balances increase success probability, PCs, tablets, laptops, and smartphones can compete with ASIC mining rigs. Reddcoin critics argue it can’t sustain value because of its divisibility and uncapped supply. Supporters argue a price over $0.01 already makes it difficult to support microtransactions online. Spending a penny is more emotional than spending one tenth of a penny, and on ad platforms used by most websites, approximately $0.01 is paid out for every 1000 views. This puts a hefty limit on social media, as nearly 80 percent of Facebook users (and 100% of real people) have 500 or fewer friends. Over $200,000 worth of RDD is traded on a daily basis. Cryptocurrency exchanges that support RDD include Bittrex, Upbit,, and Cryptopia. Reddcoin trading pairs include BTC, DOGE, and fiat currencies like EUR. The official Reddcoin cryptocurrency wallet is available for desktop platforms and mines RDD. Also, ReddID runs as a browser extension that lets you easily tip people on any website or forum you visit within the browser. Think of it as a phonebook for Reddcoin addresses and usernames so you can locate wallet addresses for the creators you’re viewing. Other third-party wallets have been created, including Reddcoin-Qt and reddcoind, however only ReddID has been confirmed for staking and earning RDD interest. Socializing With Online Networks When cryptocurrency started gaining mainstream attention in 2011, journalists, influencers, bloggers, podcasters, YouTubers, and other content creators started posting their public keys online. Over the past decade, we all just kinda got used to seeing them on social media profiles and author bios. Meanwhile in 2015, Facebook joined the ranks of messaging platforms to allow friend-to-friend payments. Microtransactions and social payments seem like the wave of the future, and several cryptocurrencies, like DOGE, have risen through the ranks as generally acceptable forms of payments to tip people online. This forced platforms to push for proprietary currencies to tokenize transactions on their platforms, whether blockchain-based or not. Amazon-owned video game streaming service Twitch, for example, created its proprietary Bits currency in late 2017 it quickly integrated the service with PayPal for convenience. Twitch has over 140 million monthly active users watching over 2.2 million monthly livestreams. Amazon spent $970 million to buy the company in 2014, and its top 10 streamers earn over $23 million a year in combined revenue. But earning a living on these platforms isn’t as easy as it looks - top earners have professional teams helping with

2 years ago

Stellar (XLM) on a Winning Streak while Accelerating Real-World Adoption

Stellar is continuously making gains even in the red market. Meanwhile, the adoption of the Stellar network is also on the rise with names like Stellarport, Masmic Platform, Steem Anchor, and Pioneering leveraging this 6th largest cryptocurrency. Stellar price making jumps Since last week, Stellar has made quite an impact as it surged 19 percent last week while a majority of the crypto market remained somewhat boring. At the time of writing, XLM has been trading at $0.2425 while being up by about 0.38 percent. The sixth largest cryptocurrency has a market cap of $4.6 billion while managing the daily trading volume of $39 million. Stellar 7-days price chart, Source: Coinmarketcap Stellarport announces new markets to trade StellarStellar wallet and decentralized trading client, Stellarport recently introduced a number of new markets. Their new update allows, “users to search through all markets on the SDEX and even create new ones.” We’re introducing a BIG update today. Now, you can trade on many more markets on Stellarport - including non-XLM markets as well. Check out all the new markets: Read more about the new update: — stellarport (@stellarportio) October 19, 2018 This further allows one to create their own markets. You need to just add an order and “soon enough others will discover it too (it may take up to an hour though).” About 25k stellar airdrop announced by pioneer Launched in August, Pioneer is “an experiment in building an online game for productivity.” The project announced on Twitter: “Big news: winners of our upcoming October tournament will receive $6,000 in Stellar lumens (in addition to $5,000 in USD). It’s a cryptocurrency airdrop to the creative outsiders of the world.” We’re excited to support Pioneer in their mission of helping advance groundbreaking ideas from the creative outsiders of the world. — Stellar (@StellarOrg) October 19, 2018 Stellar crypto for Masmic platform With the objective to build a platform that “ could further the promise of cryptocurrencies to enable easy value transfer using the internet in the same way as information transfer/sharing over the internet is today,” Masmic has been developed. As for why Stellar, the company shares, “Stellar Lumens is the only cryptocurrency which fulfilled all of our requirements. With TPS of 1000, extremely low transaction cost of 0.00001 XLM (XLM is currently priced at around $0.25) and tuning-incomplete smart contract capabilities, XLM became our natural choice.” Steem Anchor = Steem + Stellar Recently, Steem announced Steem Anchor which combines the technology from Steem and Stellar. Steem Anchor basically represents Steem and Steem Dollar (SBD) on the Stellar decentralized exchange. As for its working, on depositing STEEM and SBD through, an equal amount of tethered assets are minted on the Stellar Network. These are then delivered to the Stellar account address. Tethered STEEM and SBD can be then traded and exchanges for any other assets available on Stellar Decentralized Exchange via Stellar Lumens (XLM). The post Stellar (XLM) on a Winning Streak while Accelerating Real-World Adoption appeared first on Coingape.

2 years ago

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