About Steem Money
Steem is a cryptocurrency that powers the Steemit platform, an incentivized blockchain social media platform. Users can create and curate content on Steemit, similar to other social news platforms like Reddit and Hacker News, and they receive rewards in Steem for their contributions. Steem is the basic unit of account on the Steem
blockchain.
Steem Statistics
Market Cap: $114,646,404
Volume (24h): $6,540,619
Circulating Supply: 450,669,965 STEEM
Total Supply: 450,669,965 STEEM
Fully Diluted Market Cap: 114 $646 , 404, Volume/Weight. stock market (24h): 5.71%
Purpose and functions
Steem is designed to provide users with the opportunity to earn money based on their value to the network.It is a community-driven blockchain that creates instant earning opportunities for users. The protocol is designed to provide customers with the opportunity to earn money based on their value to the
network. ,, Steem Dollars
,
Steem Dollars (SMD) is the unit used to reward users for posting and managing content on the Steemit platform. When content creators create popular content, 50% of their payout per post is in Steem dollars, with the remainder in Steem energy units. Steem dollars are pegged to US dollars.S. Dollar and offers content creators different options for their
income.
Steem Power
Steem Power (SP) is a token for voting on content, which generates revenue for both voters (in SP) and publishers (in SPD) proportional to the amount Steem Power is available to voters. . The more Steem Power Units a user owns, the more their upvotes will count, helping them increase their influence on the
platform.
Trading and Exchange
STEEM Tokens can be traded trade on centralized cryptocurrency exchanges, with popular options including Binance, BingX and MEXC.Steem trading volume has increased recently, indicating an increase in market activity
.
Conclusion
Steem is a unique cryptocurrency that is tightly integrated with the Steemit platform, providing gives users a way to earn rewards for their contributions to the network. Its design and functionality aims to create a community-driven blockchain with immediate monetization opportunities for users.