Steem
$0.0407
11.9%(24h)Today
11.9%
30 Days
-0.2%
Price Change (24h)
$0.004320
View on TradingView
Price of Steem Today
The live price of Steem is $0.0407 per STEEM/USD, +11.88% in the last 24 hours. It has a market cap of $24.84M and $528.14K in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. STEEM has a circulating supply of 557.12M.
Current price
$0.040724h high
$0.054924h low
$0.053224h
+11.88%7d
-11.85%30d change
-0.24%STEEM Market Stats
Rank
#789
By market cap
Market Cap
$24.84M
24h Volume
$528.14K
Across 1 exchanges
FDV
$22.66M
If all tokens were issued
Circulating Supply
557.12M STEEM
Total Supply
557.12M STEEM
Max Supply
—
No fixed cap
Listed on
1 exchanges
Website & Community
Where to buy Steem
Steem is available on 3 exchanges. Prices shown are live.
| Exchange | Pair | Volume | Trade |
|---|---|---|---|
| Binance | STEEMUSDT | $1.26M | Buy STEEM on Binance |
| MEXC | STEEMUSDT | $140.74K | Buy STEEM on MEXC |
| Gate | STEEM_USDT | $32.63K | Buy STEEM on Gate |
We may earn a commission when you sign up through these links. This never affects the prices shown.
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People also ask about Steem
What Is Steem (STEEM)?
Steem is a blockchain designed for community engagement, rewarding users for their contributions. It functions as a public, incentivized database where people can post and curate content, earning cryptocurrency in return. The protocol combines elements of social media and digital currency to create a value-sharing ecosystem. The first application built on this blockchain, Steemit, was launched on July 4, 2016. The project aims to provide curated news, earning opportunities, answers to user queries, and a stablecoin pegged to the US dollar.
Who Are the Founders of Steem?
Ned Scott and Dan Larimer, a blockchain developer, co-founded Steem. In January, they launched Steemit, the first application built on the Steem blockchain. Steemit functions similarly to other social networks but operates on a decentralized, non-custodial blockchain, avoiding the data issues commonly found on traditional social platforms.
What Makes Steem Unique?
Unlike traditional social media companies that profit from user content, Steem rewards its users for their contributions. It is the first blockchain-based social platform, ensuring decentralization, non-custodial control, and secure data without downtime or abuse. Users are paid in cryptocurrency for their participation. The guiding principle is that contributors should be compensated, similar to startups allocating shares. Additionally, Steem aims to provide financial services and opportunities to its community.
How Many Steem (STEEM) Coins Are There in Circulation?
Steem's token economics differ from mining-based blockchains. New STEEM coins are primarily distributed through a rewards pool, with the majority going to content creators and curators. Specifically, 75% of new coins go to authors and curators, 15% to users holding Steem Power, and 10% to witnesses who produce blocks. The network also has two other cryptocurrencies: Steem Dollars (SBD) and Steem Power (SP).
How Is The Steem Network Secured?
After Justin Sun's acquisition, Steem underwent operational changes, eliminating proof-of-work. Instead, the network uses delegated proof-of-stake (DPoS) to enhance transaction speed and scalability. Witnesses are scheduled to create blocks every three seconds and are rewarded with Steem Power for their efforts.
Where Can You Buy Steem (STEEM)?
Steem tokens, Steem Power, and Steem Dollars can be purchased on various cryptocurrency exchanges. Users without an account can buy STEEM through platforms like Binance. Additionally, STEEM and SBD can be traded for Bitcoin, which can then be converted to fiat currencies.
What is Steem?
Steem is a blockchain designed around community interaction, aiming to reward users for their contributions to the network. It functions as a public, incentivized database where participants can post curated content and earn cryptocurrency in return. The platform combines elements of social media and digital currency to provide value to its users, with a reward structure intended to reflect each individual's input.
The first application built on the Steem blockchain, Steemit, was launched on July 4, 2016, by Ned Scott and blockchain developer Dan Larimer. Unlike traditional social media platforms, Steemit operates as a decentralized and non-custodial application, addressing common issues such as data abuse and downtime. The project's core principle is that contributors should be compensated for their value, similar to how startups allocate shares during funding rounds.
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STEEM is the primary token of the protocol, with new coins distributed daily through a rewards pool. Content curators and authors receive 75% of newly created coins, users holding Steem Power receive 15%, and witnesses, who create blocks every three seconds, receive the remaining 10%. The network also issues two additional tokens: Steem Dollars, which is pegged to the US dollar, and Steem Power. Following a restructuring after the platform was acquired by Justin Sun, the network no longer uses proof-of-work but instead employs delegated proof-of-stake to enhance transaction speed and scalability.