Steem icon Steem (STEEM)
Price, News & Community

Loading...

Steem icon

Ranked # 162

Price

$1.16 (-8%)

All Time High

$8.19 (-86%)


Market Cap

$445,482,661

Volume (24h)

15,421,444

Cir. Supply

382,548,015 STEEM

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

Learn More About Steem
Steem Links & Sources

Attach an image to this point

Drag image here or click to upload image

add active $1.16  on  May 9, 2021 


Community Posts

Be the first!

Share events that occurred on Steem's chart at any point in time.

End of content

That's all we got for #Steem