All-time High
$8.57
Jan 03, 2018
All-time Low
$0.07
Mar 11, 2017
Volume(24h)
$7.25M
Turnover rate
10.06%
Market Cap
$72.0054M
FDV
$72M
Circulating supply
$515.41M
Total supply
$515.41M
Max supply
Website
Currency Calculator
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Community sentiment

26%
74%


Bullish

Bearish
Exchange | Pair | Price | Volume (24h) | Volume % | Confidence | Liquidity Score | Earn |
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{{val.marketPair}} | {{decimal(val.price,true,2)}} | {{val.volume24h}} | {{val.volumePercent}} | Low Moderate High | {{val.effectiveLiquidity}} | Buy / Sell | |
About Steem
Where Can You Buy Steem (STEEM)?
There are several cryptocurrency exchanges where users can purchase Steem tokens, SteemPower, or Steem Dollars (SBD), or even convert them to local currencies. A user without an account can buy through crypto exchanges, for instance, [Binance](https://coinmarketcap.com/exchanges/binance/). In addition, STEEM and Steem Dollars can easily be traded for bitcoin, which can then be converted to fiat currencies. [Click here](https://coinmarketcap.com/alexandria/categories/blog) to get more information about crypto on the CMC blog.
How Is The Steem Network Secured?
After the company was bought by Justin Sun, founder of Tron platform, there was a restructuring of Steem’s operations. Therefore, new blocks are no longer created through mining and the network does not use proof-of-work. The protocol does not rely on [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) to create new blocks but schedules witnesses to create a block every three seconds. However, the Steem blockchain uses delegated proof-of-stake to increase transaction speed on the platform and make it more scalable. Witnesses are rewarded with Steem Power for every block created.
How Many Steem (STEEM) Coins Are There in Circulation?
Token Economics Unlike other blockchains where new coins are created through mining, Steem distributes the bulk of its coins (STEEM) to the rewards pool. STEEM is the primary coin of the protocol. The pool distributes tokens to users on the platform based on their input. Witnesses (block-creating accounts) add new blocks to the Steem blockchain every three seconds. Therefore, STEEM is produced by the network daily and the new coins are distributed in this manner: * Content curators and authors receive 75% of the new coins created. * Users with Steem Power holdings (another Steem cryptocurrency) are allocated 15% of the coins. * The remaining 10% is awarded to witnesses. The other two cryptocurrencies apart from STEEM are the [Steem Dollars (SBD)](https://coinmarketcap.com/currencies/steem-dollars/) and Steem Power (SP).
What Makes Steem Unique?
Many traditional social media companies have made lots of money through the content produced by their users. However, what sets Steem apart is the support it offers to its users by rewarding them for their valuable input to the platform. One unique feature of [the network](https://coinmarketcap.com/currencies/steem/social/) is that it is based on blockchain technology —making it the first of its kind. As a result, it is non-custodial and decentralized, with no downtime or data abuse, and the platform’s data are perfectly secured too. Also, users are paid in cryptocurrencies for participating on the platform. Steem is guided by one key principle: that those who contribute to a venture should be paid by the owners, just like startups do by allocating shares during funding rounds. Another core belief is to serve its community members by rendering various financial services and opportunities.
Who Are the Founders of Steem?
Ned Scott, together with a blockchain developer Dan Larimer, launched the first app on Steem blockchain in January, called Steemit. The app is similar to other social network apps except that it is based on blockchain technology, hence making it a decentralized and non-custodial app. The network is without the common data-related problems faced by traditional social platforms.
What Is Steem (STEEM)?
Steem is a community-focused [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency. The protocol is a publicly available, incentivized blockchain database that allows users to interact with each other and earn in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network ensures the fair treatment of contributors by running a reward structure that reflects each user’s contribution. [Steemit](https://coinmarketcap.com/currencies/steem/social/) is the first app that was built on the Steem blockchain, and it launched on July 4, 2016. The protocol aims to provide value for its community of users in the following ways: * To provide thoughtfully chosen news and commentaries. * Creating an opportunity to earn. * As a source that offers answers to users’ inquiries. * Offering a stable cryptocurrency pegged to the USD.
Steem News
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Dogecoin (DOGE) and Shiba Inu’s (SHIB) meme coin magic is fading. While they struggle, RCO Finance (RCOF) is making waves with its practical approach
Feb 13, 2025 at 01:00 pm
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The Chicago Mercantile Exchange (CME) website hints at the launch of SOL and XRP futures contracts, which could be launched as early as February 10
Feb 10, 2025 at 05:03 am
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The Chicago Mercantile Exchange (CME) website hints at the launch of SOL and XRP futures contracts, which could be launched as early as February 10
Feb 09, 2025 at 10:06 pm
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I'm going with a three-pronged approach for my novelty and game props this season, each bet at even-money or longer.
Feb 06, 2025 at 10:40 pm
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I have nothing but respect and appreciation for everyone who hosts Super Bowl parties each year. All the cleaning, cooking, organizing, and general preparation can be a lot. So, please allow me to take one thing off your plate: Super Bowl props sheets.
Feb 04, 2025 at 11:29 am
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First Digital USD (FDUSD), a multi-blockchain audited stablecoin pegged to the U.S. dollar, enhances its availability on Binance (BNB)
Jan 18, 2025 at 07:17 pm
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Steem Dollars (SBD) have seen a remarkable price surge of over 106%, drawing fresh attention to the decentralized content and rewards platform.
Jan 05, 2025 at 09:42 am
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Dan Larimer, a name synonymous with blockchain innovation, began his journey into decentralized technology with the goal of developing platforms that encourage financial freedom and user empowerment.
Jul 28, 2024 at 12:30 am
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Claiming Steem $STEEM Airdrops with DappRadar: A Comprehensive Guide for Canadian Users. This guide explains how to claim free Steem $STEEM tokens using the DappRadar platform. It covers the importance of wallet security, verifying airdrop details, and provides tips for successful airdrop claiming. By following the steps and leveraging DappRadar's features, Canadian users can seamlessly participate in Steem $STEEM airdrops and expand their crypto portfolios.
May 17, 2024 at 08:03 am
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