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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 0.05
TRX 0.28
JST 0.043
BTC 67831.90
ETH 1959.45
USDT 1.00
SBD 0.38