Steem's price today is $0.20 USD, with a 24-hour trading volume of $26,607,162 USD. STEEM
is up 2.89% in the last 24 hours. Steem is currently ranked #297 with a
market capitalization of $87,030,931 USD.
What is Steem?
Steemit operates as a rewards-based blockchain system that publishers can use to monetize content. Steemit is a social media platform that runs on a blockchain where users can earn Steem tokens when posting content. While on it, it is important to define an SMT. SMT is a native digital asset found on the Steem blockchain. SMT assets can be launched by any person and serve the function of monetizing online content and creating incentives to draw desired user responses.
SMTs can be compared to Ethereum's ERC-20 tokens. However, they have certain built-in 'Proof-of-Brain' property, which is an algorithm that encourages people to create and curate content and a token distribution reward system tailored specifically for digital content businesses.
Tokens are distributed by "upvote" and "like"-based algorithms and can be integrated with websites to align incentives. It is faster than Ethereum and Bitcoin with no running fees. The Steem token can be traded and converted to other liquid coins as BTC and ETH or to fiat-USD on exchanges.
Founder: Ned Scott and Dan Larimer Release Date: July 4, 2016
What type of cryptocurrency is Steem?
The STEEM token on the Steem network is classified as a type of Currency.
What is Steem All-Time High price (ATH)?
On January 3rd, 2018 12:00:00 AM, Steem hit a historic high of $8.19 USD.
It has been about 5 years ago since Steem reached its peak.
What is Steem All-Time Low price (ATL)?
On March 11th, 2017 12:00:00 AM, Steem reached a bottoming price of $0.0719900000 USD.
About 5 years ago has passed Steem has seen such a low price.
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