Change % (1H)
Change % (24H)
Steem (STEEM) Historical Price & Volume Charts
What is Steem?
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.
Genesis Date: 2015-04-07
|Mkt. Cap||USD 57,766,391||Volume 24H||USD 358,384|
|Mkt. Share||0.02 %||Available Supply||341,117,267|
|Change % (1H)||-0.15 %||Max Supply||0|
|Change % (24H)||-0.06 %||Total Supply||358,091,361|
|Change % (7D)||-10.77 %||Proof||PoW|
|Algorithm||Upated: 1 hour ago|
Steem Historical Data
Steem (STEEM) Reviews & Critics
Get the Apps! ☆ http://cryptoyum.com ☆ http://coinpuffs.com 10 Days of Bitcoin: Free Email Course! ☆ http://10daysofbitcoin.com What exactly is Steem?.
- you look like scammer. as fuck. son of fucking whore
- Only been using Steemit actively (posting daily) for 2 weeks now. Have to say I'm not confident in its future either. Their frontpage is filled with crap because all trending posts are there due to bot upvotes. There is no quality control - any garbage can end up in frontpage. And the general feeling is that everyone is there to make money rather than provide genuine value. Even when people make comments you're unsure if they're genuine or they just want upvote.And if like they said they want the community to oversee itself, then IMO its future is doomed since most whales support bots AKA they support people spamming the site with low quality content. Which results in Steemit having way too many content creators and very little people who actually consume those contents.That aside, I do see potential in DLive (dlive.io) which uses Steem. Their team is super dedicated - improving the platform & communicating with their user base in Discord, Trello, and Twitter daily. I am using it as my alternative to YouTube now posting contents that have copyright risks. It's just a shame that the site is built upon Steem. I'm afraid if Steemit (their main social network) goes down, it will affect the entire Steem ecosystem and drag DLive down as well.
- I bet this dude is holding a ton of Scrotum