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Price
$0.22
10/2/2022, 4:20:30 PM
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Market

Market stats

Market cap

$85.5M

Volume (24h)

$16.0M

Circulating supply

395.0M STEEM

All time high

$8.57

Price change (1h)

+0.23%

Price change (24h)

-1.63%

Price change (7d)

-2.59%

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Steem is on the decline this week.

The price of Steem has fallen by 2.59% in the past 7 days. The price declined by 1.63% in the last 24 hours. In just the past hour, the price grew by 0.23%. The current price is $0.216152 per STEEM. Steem is 97.48% below the all time high of $8.57.

The current circulating supply is 394,951,699 STEEM.

About

Steem is a cryptocurrency built for social and content-based blockchain applications like Steemit. Third-party developers can leverage Steem for distributed content management and autonomous token distribution. Transactions on Steem are processed in ~3 seconds without fees.

What Is Steem (STEEM)?

Steem (STEEM) is a database that supports community building and social relations using cryptocurrency rewards. According to the whitepaper, the Steem protocol is the first virtual currency that desires to reward all individuals who give personal assistance to its community without any limits. Also, the platform seeks to help social media and online communities by producing much of its value. It also delivers relevant contributions and rewards them with cryptocurrency by recognizing every individual's contribution to the community with the idea of adding value to the platform.  

 In addition, the Steem is developed to manage significant obstacles to the adoption and monetization of a social media-based economy. The word monetize means liquidating an acquisition or asset. The platform tends to reach a broad market and create a cryptocurrency through this process. Besides, involvement in renewing economic incentives can create relevant results for everyone.

Similarly, the platform is also into the problem-solving mode of cryptocurrency liquidation, onboarding, and organic discovery through Search Engine Optimization (SEO). SEO is a process of improvising the site and its visibility when people search for anything related to business. Also, STEEM provides a solution for micropayments, which refers to less than USD payments.

The Smart Media Token (SMT) is a native token of the Steem blockchain. STEEM token is a cryptocurrency token that is a fundamental unit of account on the platform. The token works based on a one-STEEM, one-vote system. Under this model, individuals who have donated the most to the platform have the most power over achieving contributions. Likewise, token holders own a monetary incentive to vote in a way that maximizes the long-term value of their STEEM. 

History of Steem (STEEM)

Dan Larimer and Ned Scott are the co-founders of the Steem platform. The whitepaper of the Steem platform was launched in August 2017.

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FAQ

What is the current price of Steem?

The price of 1 Steem currently costs $0.22.

What is the market cap of Steem?

The current market cap of Steem is $85.46M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Steem?

The all-time high of Steem is $8.57. This all-time high is highest price paid for Steem since it was launched.

What is the 24 hour trading volume of Steem?

Over the last 24 hours, the trading volume of Steem is $15.98M.

What other assets are similar to Steem?

Assets that have a similar market cap to Steem include XYO, Cartesi, Conflux, and many others. To see a full list, see our comparable market cap assets.

How many Steem are there?

The current circulating supply of Steem is 395 million.

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