Steem

Steem is a blockchain-based social media platform. It cannot be mined. Steem is currently worth $ 0.17 per coin.

Steem

Last updated 7 hours ago
Price per STEEM in USD $ 0.16732939866053
Price per STEEM in Bitcoin 0
Volume over the last 24 hours $ 21,103,545
Market cap in USD $ 82,972,366
Change in % over the last hour 1.47357386
Change in % over the last 24 hours -3.93192295
Change in % over the last 7 days -4.55315592

STEEM specifications

Name Steem
Symbol STEEM
Minable Yes
Algorithm PoS
Prooftype PoW
Total coin supply 99692126
Premine: N/A

Coin description

Steem is a blockchain-based social media platform that rewards users for creating and curating content. It operates on a delegated proof-of-stake (DPoS) consensus mechanism, where token holders vote for witnesses who validate transactions. Steem's native tokens, STEEM and SBD (Steem Dollars), incentivize participation and engagement within its ecosystem.

Steem Content Rewards System

Steem's unique reward system distributes tokens to users based on the quality and popularity of their contributions. This gamification approach encourages active participation, fostering a vibrant community of creators and consumers. For example, platforms like Steemit have leveraged Steem's technology to build decentralized alternatives to traditional social media networks.

One of Steem's strengths lies in its ability to monetize content creation directly, bypassing intermediaries like advertisers. Its DPoS mechanism ensures fast transaction confirmations, making it suitable for microtransactions. Keywords like Steem social media and content rewards are closely tied to this project.

Steem price history