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Steem Steem STEEM

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STEEM

Steem

 STEEM

 Rank 76

 Coin


Good   Ratings 4/5

$ 0.162955 (0.16%) 

VOTE:      1 
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Today STEEM Price: $0.162955 (0.16%)      STEEM Market & Trading Data

Today Price: $0.162955 (0.16%) 

Market Cap Current Supply Volume (24h) Total Supply Price %(1h) Price %(24h) Price %(7d)
$56.19M 344,802,973 $269.61K
325,031,440
0.16%  4.32%  -0.72% 
Market Cap:
$56.19M
Current Supply:
344,802,973
Volume (24h):
$269.61K
Total Supply:
344,802,973
Price %(1h):
0.16% 
Price %(24h):
4.32% 
Price %(7d):
-0.72% 

Steem (STEEM) Ranked 76 in Coin Market Daddy Currencies Index. Steem (STEEM) price is $0.162955. It has a current circulating supply of 344,802,973 STEEM and a Marketcap of $56.19M. Today Steem price is up (0.16%). $269.61K 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
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Weekly Post Promotion Thread! September 15, 2019

5 Points     13     Share
15 September, 2019

MEW Welcome to the Steemit subreddit!

11 Points     2     Share
17 September, 2019

https://t.co/zVVY40f79F

Reply Now     6     29
17 September, 2019

New episode of #TheSteemitPodcast about the recent Hardforks, #Steem Communities, and #SmartMediaTokens https://t.co/mS1R3D9uho

Reply Now     8     32
16 September, 2019

RT @SteemNetwork: https://t.co/ZHZwl1j6xM

Reply Now     6     37
16 September, 2019

RT @SteemNetwork: https://t.co/03Jg6LyvoB

Reply Now     20     71
15 September, 2019

RT @Coinventionio: Will the real Satoshi please stand up? don’t forget to follow ️ @BlockWorksGroup @BackyardCrypto @BountyBase @badc

Reply Now     92     161
13 September, 2019
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In highly volatile cryptocurrency market when things are not certain
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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
$0.162955
VOTE:      1 
         
Steem Social & Community Metrics
Good   Ratings 4/5
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