Rank #310
15,264 people like this
steem  (STEEM)

Steem (STEEM)

$0.619607 -0.2%
0.00001086 BTC -1.4%
15,264 people like this
24H Range
Market Cap $247,718,904
24 Hour Trading Vol $24,060,428
Circulating Supply 395,161,257
Total Supply
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Steem (STEEM) Price Chart

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STEEM Price and Market Stats

STEEM Price $0.620241
Market Cap $247,718,904
Market Cap Dominance 0.01%
Trading Volume $24,085,027
Volume / Market Cap 0.0972
24h Low / 24h High $0.604883 / $0.654264
7d Low / 7d High $0.608595 / $0.782936
Market Cap Rank #310
All-Time High $8.19 -92.4%
Jan 03, 2018 (almost 4 years)
All-Time Low $0.071990415241 761.6%
Mar 11, 2017 (over 4 years)

Steem Coin Price & Market Data

Steem price today is $0.619607 with a 24-hour trading volume of $24,060,428. STEEM price is down -0.2% in the last 24 hours. It has a circulating supply of 400 Million STEEM coins and a total supply of ∞. If you are looking to buy or sell Steem, Gate.io is currently the most active exchange.

Steem is a cryptocurrency that rewards users for community building by posting and upvoting valuable content for others. Steem was inspired from the success of Reddit where the community helped enrich the shareholders. Steem aims to help distribute the rewards to the community members who help create the community in the first place. Steem aims to provide various services to its members such as a source of curated news, Q&A, job boards etc. The founders of Steem came from BitShares with Dan Larimer involved as well.

Steem’s main platform, called Steemit, is a social media network built on top of the Steem blockchain. Steemit is similar to popular content-driven social networks like Reddit and Medium, but it rewards users with cryptocurrency for their participation. Fundamentally, the more value a particular piece of content provides to a greater number of people, the more the individuals responsible for creating and curating that content can earn.

Users cast votes, creating a hierarchy of content. The more upvotes a post gets, the more it will earn. The platform also allows for downvotes, giving participants more flexibility when it comes to rating content. Steemit is meritocratic, meaning users that hold more currency can cast votes with greater influence.

The Steemit community even has another service to offer to its customers. D.tube, which is considered to be very similar to YouTube, is Blockchain based and the users can realize the difference between the traditional video publishing websites and D.tube, as the amount of money earned is also displayed beside the post apart from likes shares and comments. The Steemit community is accused of posting plagiarize contents on their publishing website. The irony seems to be reaching highest levels when the original content doesn’t receive much appreciation and income than the copied versions of it."

Steem News & Guides

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