What is Steem?
Steem (STEEM) is the token behind the Steemit platform; a blockchain based social media network. STEEM can be used in the social media platform to purchase STEEM Dollars (SBD) and STEEM Power, both used in the platform. STEEM Dollars provide a medium of exchange within the social media platform, and can be cashed out to STEEM within five days of such request being made. Holders also receive interest on their STEEM Dollars. STEEM Power (SP) is the voting power on the platform of STEEM. The more Power a user has, the more revenue he'd generate for himself and his votes would have more value in SBD. Each user's balance increases or decreases based on votes they receive or send respectively. SP is pegged to STEEM but locked in for 3 months.
|Market Name||Traded On||Average Price||24h Volume|
|STEEM/BTC||Binance, HitBTC, Poloniex, Bittrex, Huobi||0.00012067 BTC||$368|
|STEEM/ETH||Binance, Huobi, Poloniex||0.00353182 ETH||$19|
Fundamental Cryptocurrency Data
|Circulating supply||307,785,818 STEEM|
|Total Supply||324,759,912 STEEM|
|Trading volume of all markets for this coin||$832|
|Steem STEEM Prices||
0.00 XAU (= 0.00) grams GOLD
0.03 XAG (= 0.85) grams SILVER
|Marketcap|| 37,106 BTC|
0.80 kg gold
68.14 kg silver