Steem (STEEM)
Loading...
Loading...
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
Gate Releases May 2025 Transparency Report: Brand Revamp Ignites Strategic Acceleration
This content is provided by a sponsor. PRESS RELEASE. June 20, Panama - Gate, a global leader in cryptocurrency trading, has released its May 2025 Transparency Report, revealing remarkable growth across key business indicators. Amid improving market sentiment and a…
Putin and XI to Kickstart Global South BRICS Investment Platform
Vladimir Putin and Xi Jinping are discussing launching a platform that will offer investment initiatives under a BRICS-Global South inclusive banner, which will be detailed next month. Putin and Xi: BRICS to Unveil Global South Inclusive Investment Platform Vladimir Putin…
Brazilian Government Opens Contract to Monitor Cryptocurrency Transactions
Brazilian authorities are seeking a software solution that allows them to track the locations and movements of various cryptocurrency projects nationwide. The objective of this proposal is to enhance the state's capabilities in combating cryptocurrency-related crime. Brazilian Authorities Open Contract…
Avoiding the Icebergs: Three Rules for Surviving DeFi Lending
Decentralized finance (DeFi) platforms offer the promise of democratized financial services but come with significant risks. Tobias van Amstel emphasizes that both newcomers and experienced users can navigate the complexities of DeFi lending by following a disciplined approach. Understanding the…
Tiny Island, Big Move: Nauru Launches Crypto Oversight Authority
Nauru has recently passed a bill establishing the Command Ridge Virtual Asset Authority (CRVAA) to regulate virtual assets, digital banking, and Web3 innovation. CRVAA to Issue VASP licences Nauru, the tiny island nation in the South Pacific Ocean, recently passed…
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.