BitTrex Steem Backed is online market maker for p-2-p internet money called Cryptocurrency. BitTrex Steem Backed is traded in Bitcoins. BTC cryptocurrencies are getting increasingly acknowledged by many online vendors as a form of payment for goods or services. Please note that BitTrex Steem Backed has not being traded in the last 1 month and is extremely volatile. 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 percent Steem Power, which can be redeemed continuously over a period of 104 weeks, and 50 percent 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.. Steem Backed Dollars is is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 4 exchanges including BitTrex, HitBTC, Poloniex, Liqui in multiple currencies such as BTC.
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