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It is a currency. Lol. It's a crypto currency and it works just like any other currency. Its value is determined by the people. On a different note, did you see how ethereum is making us a nice leetle profit? I hope you bought some.

Coin Marketplace

STEEM 0.06
TRX 0.30
JST 0.060
BTC 69800.68
ETH 2123.38
USDT 1.00
SBD 0.53