Market Cap
$109,353,362.4
Fully Diluted Valuation
$109,353,362.4
24 Hour Trading Vol
$52,124,700.9
Circulating Supply
481,411,995.5
Total Supply
481,411,995.5
Max Supply
∞
Steem Price
$0.227
24h Range
$0.213 - $0.227
Percent Change 1h
1.14%
Percent Change 24h
2.27%
Percent Change 7d
-15.19%
All-time high
$8.19
All-time low
$0.072
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7D
1M
1Y
All
Steem is a blockchain-based social media platform that rewards content creators and curators with cryptocurrency. Launched in March 2016, Steem allows users to publish content, engage with others, and earn STEEM tokens based on the popularity and engagement of their posts. The platform operates on a decentralized model, meaning it is not controlled by any single entity, thus promoting freedom of speech and creative expression. As of early 2024, Steem has a market capitalization of around $50 million, making it a relatively niche player in the broader cryptocurrency landscape.
Steem was founded by Ned Scott and Dan Larimer. Ned Scott served as the CEO of Steemit Inc., the company behind the Steem blockchain. Dan Larimer, a notable figure in the cryptocurrency space, is also known for creating other blockchain platforms like BitShares and EOS. Their vision was to create a platform that would incentivize high-quality content creation while providing a fair reward system for users.
Steem operates on a proof-of-brain consensus mechanism, which prioritizes content based on community engagement rather than traditional mining methods. Users can earn rewards in STEEM tokens by posting articles, videos, or other content and receiving upvotes from the community. The platform uses a three-token system:
When users create content, they can choose to receive payouts in STEEM, SBD, or a combination of both. The voting mechanism allows users to upvote content they enjoy, thus increasing its visibility and the rewards for the creator. The system encourages community participation and engagement, promoting a vibrant ecosystem of content creators and consumers.
Steem has several prominent use cases:
To ensure the safety of your STEEM tokens and account, consider the following best practices:
By following these guidelines, you can safeguard your assets and enjoy the benefits of the Steem ecosystem with reduced risk.
Investing in Steem (STEEM) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Steem: Once your account is funded, you can purchase Steem directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Steem using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Steem (STEEM) is currently trading at $0.227 and exhibits good potential for future growth. Check the latest Steem (STEEM) price prediction.
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