Steem (STEEM)
$0.13
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About STEEM
Steem (STEEM) is a decentralized, open-source cryptocurrency and blockchain platform that rewards users for creating and curating content. Launched in 2016 by Ned Scott and Dan Larimer, Steem is primarily used to power the Steemit social media platform, where users can share content, engage with others, and earn STEEM tokens as rewards. With its delegated proof-of-stake (DPoS) consensus mechanism, Steem ensures high security, scalability, and energy efficiency, making it an attractive choice for social media and content creation applications. As a community-driven platform, Steem allows users to participate in governance and decision-making processes, shaping the future of the platform. With a total supply of 1.2 billion STEEM tokens, Steem has established itself as a unique player in the cryptocurrency market offering a censorship-resistant platform for content creators.
Convert Fiat to Steem
News
Hong Kong Approves World’s First Tokenized Money Market ETF by Hashkey and Bosera
Hashkey Group and Bosera have secured approval from Hong Kong’s SFC to launch the world’s first tokenized money market ETF. This milestone marks a significant step in integrating blockchain with traditional finance, improving transparency and liquidity. Hashkey and Bosera Introduce…
Fidelity and Blackrock Drive $89 Million Into Bitcoin ETFs As Ether ETFs Lose Another $4 Million
Bitcoin ETFs notched their tenth consecutive day of inflows, adding $89 million, led by Fidelity’s FBTC and Blackrock’s IBIT. Meanwhile, ether ETFs recorded another day of outflows, losing $4 million. Inflows Hit 10-Day Streak For Bitcoin ETFs While Ether ETFs…
T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack
On Wednesday, the T3 Financial Crimes Unit (FCU), integrated by Tether, Tron, and TRM Labs, announced that it had frozen close to $9 million linked to one of the largest cryptocurrency thefts ever, the Bybit hack. Paolo Ardoino, CEO of…
Inflation Fears and Trade Turmoil Push Bitcoin’s Price Below $84K
Bitcoin tumbled to $83,544 on Friday, a low catalyzed by upheavals in financial markets amid Trump’s proposed tariffs on pharmaceutical companies. Concurrently, March’s consumer sentiment data illuminated the loftiest projections for long-term inflation in over three decades. Wall Street Wipeout…
President Trump Clears Bitmex Founders’ Money Laundering Convictions
President Donald Trump pardoned Bitmex co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed on March 27, 2025, clearing their 2022 convictions for failing to prevent money laundering on their cryptocurrency platform. Presidential Pardon Wipes Bitmex Founders’ Money Laundering Charge Bitmex,…
Frequently Asked Questions about Steem
What is Steem (STEEM)?
Steem (STEEM) is a decentralized, open-source cryptocurrency and blockchain platform that rewards users for creating and curating content. It was launched in 2016 by Ned Scott and Dan Larimer, and is primarily used to power the Steemit social media platform.
How does Steem work?
Steem operates on a delegated proof-of-stake (DPoS) consensus mechanism, which allows users to vote for witnesses who validate transactions and create new blocks. This mechanism ensures high security, scalability, and energy efficiency, making Steem a great choice for social media and content creation applications.
What is Steemit and how does it relate to Steem?
Steemit is a social media platform built on the Steem blockchain, where users can create and share content, and earn STEEM tokens as rewards. Steemit is the primary use case for Steem, and the platform's growth and adoption have a direct impact on the value and usage of the STEEM cryptocurrency.
What are the benefits of using Steem?
Steem offers users a decentralized, censorship-resistant platform for creating and sharing content, with the potential to earn rewards in the form of STEEM tokens. It also provides a community-driven governance model, where users can participate in decision-making processes and shape the future of the platform.
How can I earn Steem tokens?
You can earn Steem tokens by creating and sharing high-quality content on the Steemit platform, and by participating in the community through voting, commenting, and engaging with other users. You can also earn STEEM by becoming a witness or a curator, and by participating in the platform's governance processes.
What is the difference between Steem, Steem Power, and Steem Dollars?
Steem (STEEM) is the native cryptocurrency of the Steem blockchain, Steem Power (SP) is a token that represents a user's influence and voting power on the platform, and Steem Dollars (SBD) is a stablecoin pegged to the US dollar, used for transactions and rewards on the Steemit platform.
Is Steem a good investment?
Steem has a dedicated community and a unique value proposition, but its market performance can be volatile. As with any investment, it's essential to do your own research, consider the risks and potential rewards, and make an informed decision based on your individual financial goals and risk tolerance.
Where can I buy and trade Steem?
You can buy, sell, and trade Steem on major cryptocurrency exchanges, such as Binance, HTX, and Poloniex.