Rank 35
Steem (STEEM)
≈0.000245 BTC (-2.39%)
Market CapVol. 24HLow/High 24HCirculating SupplyMax Supply
≈$426,536,775$1,525,380$1.55/$1.64262,265,436 STEEM279,239,530 STEEM
 Steem Charts
 Steem (STEEM) Markets
# Name Pair Price Volume(24H) Volume(%) Updated
1 BinanceBinance STEEM /BTC$1.63$278,186 18.18%Recently
2 HuobiHuobi STEEM /USDT$1.63$221,825 14.49%Recently
3 UpbitUpbit STEEM /BTC$1.64$190,903 12.48%1 Mins Ago
4 BittrexBittrex STEEM /BTC $1.62$188,904 12.32%Recently
5 UpbitUpbit STEEM /KRW$1.64$188,408 12.31%1 Mins Ago
6 HuobiHuobi STEEM /BTC$1.64$173,775 11.36%Recently
7 HuobiHuobi STEEM /ETH$1.63$108,605 7.11%Recently
8 BithumbBithumb STEEM /KRW$1.63$59,787 3.89%Recently
9 BinanceBinance STEEM /ETH$1.64$46,986 3.07%5 Mins Ago
10 PoloniexPoloniex STEEM /BTC $1.43$43,489 2.84%11 Mins Ago
11 BinanceBinance STEEM /BNB$1.63$16,111 1.05%Recently
12 HitBTCHitBTC STEEM /BTC $1.47$11,212 0.73%6 Mins Ago
13 PoloniexPoloniex STEEM /ETH $1.42$2,216 0.14%4 Mins Ago
* Price Excluded
** Volume Excluded - No Trading Fees
*** Price/Volume Excluded - Outlier Detected
 Analysis for Steem (STEEM)
STEEM Volume by Currency
STEEM - USD Volume by Exchange

Steemit is a blogging and social networking website on top of the Steem circle chain database. The Steem blockchain produces Steem and Steem Dollars which are tradeable tokens users obtain for posting, discovering, and commenting on interesting content. Steemit, Inc is a privately held company based in New York City and headquartered in Virginia. The company was founded by Ned Scott and Dan Larimer, creator of BitShares, and EOS.

Concept

The Steemit concept was described in the companies white paper, released in March 2016.[6] The general concept is similar to other blogging websites or social news websites like Reddit, but the text content is saved in a blockchain. Using a blockchain enables rewarding comments and posts with secure tokens of value. Images can be uploaded and hosted on Steemit. Other multimedia content must be embedded from other web hosts. For formatting, there is a WYSIWYG editor. Users can also opt to use Markdown formatting with HTML elements.

User accounts can upvote posts and comments, and the authors who get upvoted can receive a monetary reward in a cryptocurrency token named STEEM and US dollar-pegged tokens called Steem Dollars. People are also rewarded for curating (discovering) popular content. Curating involves voting comments and post submissions. Vote strength and curation rewards are influenced by the amount of STEEM Power held by the voter

Steemit has a reputation system, where new accounts start with a reputation of 25. An account's received votes can influence its reputation up and down, incentivizing online etiquette and interaction with the community.

3rd party applications

Steemit includes third-party applications, such as d.tube a decentralised video platform based on the InterPlanetary File System (IPFS) protocol. D.tube is similar to YouTube, but without advertisements, instead uses the built-in Steem currency which gets awarded by users upvoting videos.

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