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STEEM Backed Dollars (SBDs) are supposed to be pegged at $1.00. The regular STEEM tokens are the ones he's referring to here.

Thanks! I just got in today! I still have a couple things to read and re-read! :)

First post is incoming! I am so glad I found this! It is like my biggest dream coming true! It is by FAR the most exciting and valuable thing that has come to my attention on the Internet to this day!