alexametrics
5130 cryptocurrencies
Total Market Cap $3,141.41B
24h Total Volume $30.75B

Steem Steem star

$0.20
0.0023 (1.15%)

Steem.it is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest.

There are three main currencies in Steemit: Steem, Steem Power (SP) and Steem Backed Dollars (SBD).

Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power.

Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards.

When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders recieve interest from their holdings. The more Steem Power a voter has the more revenue he'll generate for himself (in form of SP) and for the content creator  (In SBD).

There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward.

Steem Backed Dollars are there to protect content creators from volatitlity and can be traded for roughly 1 usd worth of steem, in order to cash out from steem. Converting Steem backed dollars into STEEM takes 5 days. Users also recieve interest from holding SBD. T

Steem is a proof of work currency with a scheduled blocktime of 3 seconds. Steem PoW mining is done in rounds of 63 seconds by 21 miners (witnesses). 19 of the miners are pre voted, one is the other with the most computational power, and the last one is selected from a queue of witnesses that did not get on the top 19 voted witnesses.

90% of the block reward is allocated to a vest fund to reward curators and PoW miners, the other 10% are made liquid in the form of steem and are used to reward content creators. Steem gets converted to Steem Backed Dollars and sent to the content creator.

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Market Share 0.00%
Proof type Pow
24h Open $0.20
24h Low $0.20
24h High $0.20
Price in BTC 0.00000864574558 BTC
Current Supply 424,531,488 STEEM
Total Supply 99,692,128 STEEM
Market Cap $86,137,440
24h Volume (coin) 6,614,243 STEEM
24h Volume (currency) $1,342,030
24h Total volume (coin) 27,886,250 STEEM
Volume 24H $5.66M
Last updated 2023-02-03 11:29:25 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume

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