Steem - STEEM

Steem STEEM price, market cap & charts

Live Steem prices from all markets and STEEM coin market Capitalization. Stay up to date with the latest Steem price movements and discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Steem

Price

BTC 0.00001891
USD

0.14

Market Cap

USD

48,677,942

Change % (1H)

%

1.62

Change % (24H)

%

11.97

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

Website: https://steem.io/

Steem Wiki

beta

Steem Key Financial Information

Mkt. CapUSD 48,677,942Volume 24HUSD 3,544,334
Mkt. Share0.02 %Available Supply353,574,410
Change % (1H)1.62 %Max Supply0
Change % (24H)11.97 %Total Supply370,548,504
Change % (7D)14.01 %ProofPoW
AlgorithmUpated: 11 hours ago

Steem Historical Data

DatePriceVolume

Steem Videos

Facebook's Libra v. Steem Blockchain
STEEM COIN PRICE PREDICTION | CRYPTOCURRENCY PRICE PREDICTIONS

Steem (STEEM) Reviews & Critics

Steemit's Head of Communications talks about Facebook's recent announcement about Libra, their blockchain and cryptocurrency solution, how it compares to ....

  • Well said, Andrew!
  • Facebook Libra will be a very good coin to invest in it will be better than Steemit by far. As for Steemit it has a lot of problems because of the wealthy people with massive Steem power manipulating the sites for their own gains. This will drive many investors away from Steemit.
  • When the steem currency will rise ?
  • <3
    Copyright © 2019 Coins Critics.
    Powered by PROTEK