Market Cap: $288 517 279 914 (0.33%)
  • Volume 24h: $72 931 123 814 (25.28%)
  • Market Cap Change 24h: 0.33%
  • BTC dominance: 65.15%

Steem STEEM

Blockchain based social media platform

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.

Proof Type: Proof of Work (PoW) CMC Rank: 76
  • USD: $0.25
    1h: 1.02% 24h: 2.13% 7d: 15.11%
  • BTC: 0.000023 BTC
All Time High: $8.19 1 year ago
Current price is -97 % from ATH
Market
  • Cap: $77 851 227
  • Vol 24h: $1 136 619 (1.46 %)
Supply
  • Circulating: 314 585 639 STEEM

Steem Price Chart

About Steem

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."

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Steem Social

Twitter Stats
  • Followers: 93,842
  • Lists: 1509
  • Favourites: 13239
  • Update Frequency: 11.9 statuses/day
  • Created: 3 years ago