ALL CRYPTOS

Steem STEEM#undefined

$1.13
-2.84% (-$0.033, 24H)
Compare
  • Market Cap$419,207,057
  • Volume (24H)$30,002,390
  • Circulating Supply371,967,500
  • Max Supply
  • High (24H)$1.18
  • Low (24H)$1.11
  • Change (1H)-2.4%
  • Change (7D)16.98%
  • Change (1M)-20%
  • Change (1Y)546.77%

Created in 2016 by Ned Scott along with well-known blockchain developer Dan Larimer, Steem (STEEM) builds token-based models for communities and social media platforms where digital content is monetised without the need for advertising or selling user’s data. Its most famous use case by far is Steemit, a unique social media platform powered by its native token (STEEM). Here, anyone can create, share, and upvote, earning cryptocurrency token rewards for their contribution. The higher the upvote count, the more STEEM earned by the content publisher. It’s a meritocratic system, run in a decentralised manner, and all in the name of building meaningful online communities and creating more authentic content. Ensuring no data abuse, no censorship, and no central authority, Steem puts power in the hands of its users. In the near future, Steem will launch Smart Media Tokens, which will allow users to create their own tokens similar to STEEM. With these, users will be able to monetise their own content and grow their own social communities; a virtuous circle of engagement, built on passion rather than cynical profit-seeking.

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