The Steem Dollar (aka Steem Based Dollar, Steem Backed Dollar or SBD) is a token that is meant to be worth about $1 USD, making its value much more stable compared to STEEM (see STEEM Tokens). To be a bit more technical, a Steem Dollar is a promise to pay one dollars worth of Steem when it's redeemed.
Please visit https://steem.com/ and download the whitepaper for more information
The benefit of Steem Dollars is that business can accept them more comfortably since they have a more stable value. Can you imagine being a shop owner and trying to sell your $50 product for STEEM which a couple months ago would have been for 500 Steem compared to today being less than 50. Pricing their products and services are much easier when using a stable value, as well as knowing that what they've already been paid, won't lose value.
Additional Steem Dollars links include:
Steemit: https://steemit.com/@steemitblog
Steem Chat: https://steem.chat/home
Reddit: https://www.reddit.com/r/steemit/
Twitter: https://twitter.com/steemit
Facebook: https://web.facebook.com/steemit/?_rdc=1&_rdr
Blockexplorer: https://steemblockexplorer.com/
Developers: https://developers.steem.io/
Github: https://github.com/steemit
Preferred Exchange: https://international.bittrex.com
ATTENTION: Cryptocurrency management is subject to high market risk among other risks. Please make your portfolio cautiously. Coinhost will make our best effort to accept only high-quality coins, but will not be responsible for your portfolio or any losses.
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