Steem
| Last updated | 11 hours ago |
| Price per STEEM in USD | $ 0.040024947951462 |
| Price per STEEM in Bitcoin | 0 |
| Volume over the last 24 hours | $ 2,791,984 |
| Market cap in USD | $ 22,145,681 |
| Change in % over the last hour | -0.12883142 |
| Change in % over the last 24 hours | 3.12427393 |
| Change in % over the last 7 days | 1.44804944 |
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.