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RE: The Noble Giveaway - Comment once to win 05.00 SBD and help minnows out! (Resources inside)
There isn't just a single cryptocurrency on steemit, there are three!
Steem is the base currency and it can be traded on exchanges, it has a fluctuating value
Steem Power can be bought for steem or received as author rewards and its purpose is that it increases the value of your upvotes and curation rewards
Steem backed Dollar (or sbd for short) is what you get paid in on steemit ( in addition to steem power) it is basically an amount of steem with the value of 1 USD and it can be converted to steem!
Well said. Thanks for your comment, it's important for minnows to know the difference!