<p>Steem is an open-source social blockchain platform designed to incentivize the creation and sharing of content on decentralized social networks. It does this by monetizing content creation and reducing the necessity for advertisements and the selling of users’ data. Instead, content creators themselves are rewarded for the value they contribute. The first application to launch on Steem was Steemit, in 2016. So far over 60 applications have been created by social media developers. Steem is scalable and thus would be suitable for widespread adoption.</p><p>&nbsp;As part of the project, it has created its own liquid currency STEEM. Content creators and social engagement within the Steem community are rewarded with STEEM Tokens. The Steem network also includes other assets, Steem Power (SP) and Steem Dollars (SBD). STEEM however is the fundamental currency of the Steem blockchain and all other assets within the platform derive their value from STEEM.</p><p>Steem was created in 2016 by Dan Larimer, the creator of BitShares and EOS.</p><h3>What are STEEM’s key features and how does it work?</h3><p>Steem’s community seeks to offer users several key services. It offers a platform with no transaction fees that facilitates seamless micro-transactions, upvoting, and other content creation and engagement with little financial barriers. Additionally, it seeks to provide a source of news and information for users and a means to ask other network users personalized questions.</p><p>Steem uses a Delegated Proof of Stake (DPoS) consensus mechanism. The mechanism uses 21 witnesses to validate transactions on the network and produce new blocks in the blockchain. 20 of the witnesses are full-time whilst the 21st position is reserved for backup witnesses who rotate in this position. This differs from Proof-of-Work, another common consensus mechanism. In PoW miners compete to validate transactions and produce blocks. Blocks on the Steem blockchain are created every 3 seconds. The delegates are selected through a voting system, users who stake STEEM tokens are entitled to vote.</p><p>The Steem blockchain produces new tokens every time a new block is produced. 10% of these new tokens go to the delegates who produce the blocks as rewards for their participation in securing the network. However, a large portion is allocated to the ‘rewards pool’. This pool forms part of Steem’s unique ‘proof of brain’ social consensus algorithm used for allocating tokens. Essentially content and engagement in the network are evaluated based on the value it brings to the network. Part of the evaluation involves users voting content up or down.</p><p>Users are then paid in STEEM for the content they provide, where the amount of payment a user received is based on the social value they have been deemed to provide. Users who contribute high-value content, with more ‘upvotes' are paid more. The payments come from the tokens stored in the ‘rewards pool’. Curators, i.e. users that identify and upvote valuable content before it becomes popular are also rewarded. Steem is unique as it is the first blockchain that uses this ‘proof of brain’ social consensus.</p><h3>Where can you buy STEEM?</h3><p>STEEM is available to buy from the CEXs and DEXs as listed <a href="https://cryptorank.io/price/steem/exchanges" rel="noopener noreferrer" target="_blank">here</a>. It is listed on several major exchanges including Binance and Gate.io. The price of STEEM will vary depending on the exchange. It will also fluctuate based on current market interest. For more detailed price information please refer to the price charts above.</p>

Steem

Steem is the base liquid currency token in the Steem social platform.

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Payments are processed by Heleket. Use only the supported chains/tokens. CryptoRank cannot compensate for failed transactions made on an unsupported blockchain.

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Payments are processed by Paddle. Use only the supported payment methods. CryptoRank cannot compensate for failed or incomplete transactions made outside of supported options.

Receive Comprehensive Analytics, Exclusive Research, and Guides

Payment confirmed

Add promocode

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Historical data tab for %name% in USD for download and research

SteemSTEEM

Historical Data for Steem