Steem Backed Dollars (SBD):

From what i have seen the daily payouts (when they start being daily) will be 50% Steem Power(formerly VESTS) and 50% Steem Backed Dollars.

Q. When do daily payouts start?

Q. Will the SBD rewarded be instantly transferable to other users, and or traded on the internal exchange or redeemed(after 1 weeks in holding pattern before being executed at the median price feed)?

Q. Is SBD proposed to be divisible?