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Steem Steem STEEM

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STEEM

Steem

 STEEM

 Rank 67

 Coin


Good   Ratings 4/5

$ 0.249474 (-0.29%) 

VOTE:      1 
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Today STEEM Price: $0.249474 (-0.29%)      STEEM Market & Trading Data

Today Price: $0.249474 (-0.29%) 

Market Cap Current Supply Volume (24h) Total Supply Price %(1h) Price %(24h) Price %(7d)
$83.57M 334,997,501 $755.71K
325,031,440
-0.29%  1.29%  -12.58% 
Market Cap:
$83.57M
Current Supply:
334,997,501
Volume (24h):
$755.71K
Total Supply:
334,997,501
Price %(1h):
-0.29% 
Price %(24h):
1.29% 
Price %(7d):
-12.58% 

Steem (STEEM) Ranked 67 in Coin Market Daddy Currencies Index. Steem (STEEM) price is $0.249474. It has a current circulating supply of 334,997,501 STEEM and a Marketcap of $83.57M. Today Steem price is down (-0.29%). $755.71K worth of Steem (STEEM) has been traded in the past 24 hours. Steem (STEEM) currency type is coin. STEEM trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update Steem (STEEM) and contribute to CMD Cryptocurrency Encyclopedia.

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Steem.it is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest.

There are three main currencies in Steemit: Steem, Steem Power (SP) and Steem Backed Dollars (SBD).

Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power.

Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards.

When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders recieve interest from their holdings. The more Steem Power a voter has the more revenue he'll generate for himself (in form of SP) and for the content creator  (In SBD).

There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward.

Steem Backed Dollars are there to protect content creators from volatitlity and can be traded for roughly 1 usd worth of steem, in order to cash out from steem. Converting Steem backed dollars into STEEM takes 5 days. Users also recieve interest from holding SBD. T

Steem is a proof of work currency with a scheduled blocktime of 3 seconds. Steem PoW mining is done in rounds of 63 seconds by 21 miners (witnesses). 19 of the miners are pre voted, one is the other with the most computational power, and the last one is selected from a queue of witnesses that did not get on the top 19 voted witnesses.

90% of the block reward is allocated to a vest fund to reward curators and PoW miners, the other 10% are made liquid in the form of steem and are used to reward content creators. Steem gets converted to Steem Backed Dollars and sent to the content creator.

 

Steem Social & Community Metrics
Good   Ratings 4/5
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Ping from Steem
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Weekly Post Promotion Thread! July 14, 2019

6 Points     13     Share
14 July, 2019

@lunaticpandora STEEMIT Steemit, Inc. Financial Update - Amazing News!!!

10 Points     10     Share
11 July, 2019

RT @andrarchy: $ETH holders in NYC looking for co-working space need to check out @primalbasehq. Desks are renting for $6 a day and $120 a…

Reply Now     6     15
19 July, 2019

Check out @naomibrockwell's amazing original song! https://t.co/vR0bUPXO8Y

Reply Now     1     15
18 July, 2019

Have you taken the #GratitudeChallenge? https://t.co/myTSAFJf7E

Reply Now     12     34
18 July, 2019

We're looking to support great #SteemPowered applications through a new and improved delegation process. If you hav… https://t.co/uw9hyMb9xW

Reply Now     30     78
16 July, 2019

RT @andrarchy: NYC #Steemians, join me this Thursday at PrimalBase for a #meetup collaboration with the @urbit community https://t.co/vuj0d

Reply Now     15     35
16 July, 2019
Get Ping, Alert, New Exchanges information, Updates, Important News
In highly volatile cryptocurrency market when things are not certain
NEVER MISS A PING FROM STEEM

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Recent Steem (STEEM) Reviews

Helping peoples to know other views before trading or investing in Steem (STEEM)
Good Over all 4/5 Ratings based on 1 Review

Steem (STEEM)

  Arthur

 26 May 2018

Good   Ratings 4/5

Steem is a cryptocurrency that functions through Steemit, a blockchain-based social media platform. The core activities of the platform revolve around... Read More

Good   Ratings 4/5

product of merging cryptocurrencies and social media.

Steem is a cryptocurrency that functions through Steemit, a blockchain-based social media platform. ... Read More

Current Price
$0.249474
VOTE:      1 
         
Steem Social & Community Metrics
Good   Ratings 4/5
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