Market cap
$33.97M
-0.58 %
Volume (24h)
$2.65M
-0.58 %
Circulating supply
527,128,875 STEEM
Total supply
527,128,875 STEEM
Steem (STEEM)
$ 0.06
-0.58 %
Main info
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Key data
updated $0Market cap$33.97M
Volume 24h$2.65M
Circulating supply527.13M
All-time high$8.19-99% from peak · 2018-01-02
Steem (STEEM) is a blockchain-based platform designed to reward content creators and curators with cryptocurrency. It operates on a unique Proof-of-Brain consensus mechanism, incentivizing meaningful contributions to the network. Users earn STEEM tokens for engaging with content, making it a social media ecosystem with built-in monetization.
Frequently asked questions
What is Steem and how is it different from other cryptocurrencies?
Steem is a blockchain platform focused on content creation and social interaction, unlike typical cryptocurrencies. It rewards users with STEEM tokens for posting, curating, and voting on content, blending social media with crypto incentives.
How does Steem's consensus mechanism work?
Steem uses a hybrid of Proof-of-Work (PoW) and Proof-of-Stake (PoS) called Proof-of-Brain, where users earn rewards based on their contributions and influence within the platform. Validators are selected based on their stake and reputation.
How is the supply of STEEM tokens managed?
New STEEM tokens are minted through block rewards, distributed to content creators, curators, and validators. The inflation rate decreases over time, aiming for a balanced and sustainable token supply.
How can I store and use STEEM tokens?
STEEM tokens can be stored in compatible wallets like Steemit or Hive. They can be used for voting on content, trading, or converting to other cryptocurrencies on supported exchanges.