Steem Price Chart with STEEM News

Ranked # 497

Price

$0.17 (-1%)

All Time High

$8.19 (-98%)

Market Cap

$82,299,998

Volume (24h)

16,535,688

Circulating Supply

474,529,347 STEEM

Today's Steem Price Summary

Steem's price today is $0.17 USD, with a 24-hour trading volume of $16,535,688 USD. STEEM is down -0.59% in the last 24 hours. Steem is currently ranked #497 with a market capitalization of $82,299,998 USD.

About Steem

Steemit operates as a rewards-based blockchain system that publishers can use to monetize content. Steemit is a social media platform that runs on a blockchain where users can earn Steem tokens when posting content. While on it, it is important to define an SMT. SMT is a native digital asset found on the Steem blockchain. SMT assets can be launched by any person and serve the function of monetizing online content and creating incentives to draw desired user responses.

SMTs can be compared to Ethereum's ERC-20 tokens. However, they have certain built-in 'Proof-of-Brain' property, which is an algorithm that encourages people to create and curate content and a token distribution reward system tailored specifically for digital content businesses.

Tokens are distributed by "upvote" and "like"-based algorithms and can be integrated with websites to align incentives. It is faster than Ethereum and Bitcoin with no running fees. The Steem token can be traded and converted to other liquid coins as BTC and ETH or to fiat-USD on exchanges.

Founder: Ned Scott and Dan Larimer
Release Date: July 4, 2016