About

Steem Dollars (SBD) is a stable-value cryptocurrency pegged to the US Dollar, designed to bring stability to the cryptocurrency market. It's part of the Steem blockchain, which incentivizes content creation on social media platforms like Steemit. Users earn rewards in SBD and STEEM tokens for their contributions, promoting a model where content creators gain value from their work.

History

Steem Network developed the eSteem social media platform to incentivize content creators and consumers to participate in a network where all contributors are compensated. The core development team at Steem Network developed this model in contrast to legacy social media platforms that compensate shareholders for user-generated content, but not always the content creators. Steem Network was designed to reverse the legacy social media model and compensate platform users while allowing them to maintain control over their data.