The Return of SBD - SBD Replaces Steem As Part of Our Payout Rewards

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It's no news that sbd is finally back after months of going exile due to the principles laid down to its operation. When sbd last existed, I bet majority here won't know what sbd is and how it works. Some are already scared that steemit isn't functioning how it was before and that how will they be receiving low dollars. They don't know sbd is good news. As of 2022, sbd was still considered as a reward not until the price of Steem Reduced drastically as a result of the bear market, taking sbd off as a form of reward. It's brought back because of the recent increment.

If you're a newbie here, don't be scared or panic. The replaced steems with sbd is far more better than the automatically converted steems we do receive on a post before sbd returned to be one of the rewards users earn.

Steem Based Dollars or Steem Backed Dollars called sbd are known as internal currency of steemit that is pegged to the US Dollar as each is entitled to be $1 of Steem when converted. These sbd aren't fixed. They fluctuate depending on market conditions. They are also known as rewards that has replaced the automatically converted steems on steemit. This reward can be converted to steem and transferred to other accounts on this platform.

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As part of a reward in a post, it would be broken down after payout. Instead of receiving steems, trons and steem power as rewards, sbd has replaced the steems as most of you have already seen. Sbd is popularly known as a crypto asset that operates on it own blockchain and can be traded on exchanges that supports it.

On steemit, sbd is considered as a reward which payouts when our post is due for us to claim. Unlike the automatically converted steems we do receive some days back, the sbd we received now would be converted by us. We have the privilege of converting our steems ourselves through sbd. From my observations following the posts paid out lately, I've come to notice that $7 on a post will give you 1.65 sbd when it pays out or may be more than this if the price of Steem dollars is high in the crypto ecosystem.

If $7 gives us 1.65 Sbd, then $1 on a post [Beneficiaries not set] would give us 0.235 Sbd. 1 sbd is equivalent to 14 steems at the moment. So getting 1.65 sbd for $7 on a post will give us 23 steems while $1 on a post paying out 0.235 sbd will give us approximately 4 steems [ 0.235 × 14]. Hope the whole process is understood now? Asides the sbd we'll receive, we'll be given trons and steem power making it even more beneficial.

Let's Compare this output: 5 days back when Sbd wasn't in our payouts, $1 on a post will barely give you a steem or may be equivalent to a steem but the introduction of Sbd has made us earn more steems from that $1 on our posts. See how beneficial it is now. $7 back then was equivalent to 7 steems [Beneficiaries aside] but the introduction of Sbd of which we are the ones to convert it to steems, we'll be getting 23 from the $7 on our post. Triple of what we used to earn.

This introduction of Sbd has made it possible for us to acquire more steems than how we used to before. Now is the time for us to build our steem power. Someone can make over 300-500 steem power in a month now with ease. Just keep creating quality contents. This Sbd would definitely be removed when the price of Steem reaches its lowest minimum. So let's utilise this opportunity of growth now. Some may be wondering how to convert these sbd. Don't worry, I got you covered.

The following steps are ways we can convert Sbd to steem. This applies mostly to the newcomers in our midst.

• Step 1: To convert your sbd to steems, you need to claim it first when your post pays out by logging into your wallet. To login to your wallet, you need to click on the Wallet icon shown in your dashboard. It will take you to an inactive wallet page. To login you'll need to tap on the three parallel lines at the top right corner of your phone and then click on sign in.. Input your username and private active key to login.

• Step 2: Once you're logged in, redeem your rewards if you haven't done so and scroll to where you have the Steem dollars icon. You'll see the amount of Sbd you have. Click on the drop down arrow close to the steem dollars icon and the select Market.

• Step 3: When you're done, a page will open where you'll see the buy and sell options. Focus on the Buy option. On the sbd bar, you're to input the amount of Steem dollars you want to convert and you'll see the steems the conversion would give you. Click on Buy after confirming and then wait for some time as your converted steems would appear in your balance.

N/b: If you convert your sbd and you don't see the steems immediately, don't be afraid of losing it. It will surely appear in no time.

A detailed post would be made soonest to give us a clear insight on how the sbd works in the crypto ecosystem and on steemit. For now, I thi k this post would serve as guide to newcomers on this platform. Don't panic that you're not seeing your steems again but sbd instead. Something better than the steems we do receive is here. Maximize this opportunity. I'll draw the curtain here.

Cc,
@steemkidss
@ngoenyi
@patjewell