Steem Dollars update

Steem Dollars (CURRENCY:SBD) traded down 1.9% against the dollar during the 1-day period ending at 23:00 PM E.T. on January 28th. Over the last week, Steem Dollars has traded down 7% against the dollar. One Steem Dollars coin can currently be bought for about $7.00 or 0.00061272 BTC on exchanges including Bittrex, Poloniex, Tidex and HitBTC. Steem Dollars has a total market capitalization of $52.03 million and $18.20 million worth of Steem Dollars was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:
Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $11,566.70 or 1.00000000 BTC.
Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $1,698.71 or 0.14854400 BTC.
Steem (STEEM) traded 1.1% lower against the dollar and now trades at $6.16 or 0.00053862 BTC.
Emercoin (EMC) traded 1.6% higher against the dollar and now trades at $5.75 or 0.00050323 BTC.
Experience Points (XP) traded 19.2% lower against the dollar and now trades at $0.0010 or 0.00000009 BTC.
BitcoinDark (BTCD) traded up 2% against the dollar and now trades at $156.68 or 0.01370080 BTC.
PACcoin (PAC) traded up 6.2% against the dollar and now trades at $0.0001 or 0.00000001 BTC.
Counterparty (XCP) traded 4.5% higher against the dollar and now trades at $58.97 or 0.00515645 BTC.
Peercoin (PPC) traded up 0.7% against the dollar and now trades at $5.18 or 0.00045312 BTC.
Crown (CRW) traded 5.9% lower against the dollar and now trades at $3.58 or 0.00031314 BTC.

Steem Dollars (CURRENCY:SBD) is a coin. Its genesis date was June 4th, 2016. Steem Dollars’ total supply is 7,428,482 coins. Steem Dollars’ official message board is steemit.com/@steemitblog. Steem Dollars’ official Twitter account is @steemit and its Facebook page is accessible here. The Reddit community for Steem Dollars is /r/steemit and the currency’s Github account can be viewed here. Steem Dollars’ official website is steem.io.

According to CryptoCompare, “Steem Backed Dollars or simply Steem Dollars are stable value pegged assets issued in the Steem.it platform. SBD are pegged to the value of the USD and can be redeemed on the Steem.it platform for about one dollar worth of Steem. When Content creators receive rewards on the Steem.it platform they are made available in 50% Steem Power, which can be redeemed continuously over a period of 104 weeks, and 50% SBD which can be fully redeemed for Steem in a 5 day period. SBD can also be transfered on the Steem Platform and can be exchanged outside of the Platform. “

Buying and Selling Steem Dollars

Steem Dollars can be bought or sold on the following cryptocurrency exchanges: HitBTC, Bittrex, OpenLedger DEX, Tidex and Poloniex. It is not currently possible to purchase Steem Dollars directly using US dollars. Investors seeking to acquire Steem Dollars must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem Dollars using one of the aforementioned exchanges.