About Steem
Steem (STEEM) is a cryptocurrency . Steem has a current supply of 515,867,134.041. The last known price of Steem is 0.12941556 USD and is up 0.65 over the last 24 hours. It is currently trading on 89 active market(s) with $4,844,531.77 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
1
Market Stats
Market Cap
₹5.53B
FDV
₹5.53B
Circ. Supply
516M STEEM
Max Supply
Not enough data
Total Supply
516M STEEM
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹498.24M
-13.05%
Volume (7D)
₹3.52B
Volume (30D)
₹15.68B
All time high
₹741.60
Price Change (1Y)
-35.53%
Additional details
Recent trends
The latest STEEM price is ₹10.70. Compared to Steem's value of ₹10.82 from 24 hours ago, there's been a -1% decrease, while the current price is -11% down from ₹11.93 which was recorded one week ago. Steem's all time high is ₹741.60, which was reached on January 3, 2018. This is a -99% change from its price today.
The market cap is currently ₹5.53B, which is a result of multiplying the current price of Steem(₹10.70) by the total supply(516,139,365 STEEM). The fully diluted valuation of Steem is ₹5.53B. The diluted valuation of Steem is ₹5.53B.
Market details
STEEM vs markets
↘ 52.88%
STEEM vs BTC
↘ 59.8%
STEEM vs ETH
↘ 8.21%
Tags
media
communications-social-media
content-creation
web3
+1
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | ₹10.70 | ↘ 0.97% |
1 Day | ₹10.82 | ↘ 0.97% |
1 Week | ₹11.93 | ↘ 11.33% |
1 Month | ₹12.97 | ↘ 18.36% |
1 Year | ₹16.02 | ↘ 35.53% |
FAQ
Steem is a blockchain-based platform that aims to compensate users for their contributions to the network. It is designed to create an instant compensation opportunity for users based on their value to the network. Steem is a publicly available, incentivized blockchain database that allows users to interact with each other and receive compensation in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network aims to ensure the fair treatment of contributors by running a reward structure that reflects each user’s contribution. Steem is the primary coin of the protocol and is produced by the network daily. The new coins are distributed to content curators, authors, and users with Steem Power holdings.
Steem operates on a model of one-STEEM, one-vote. Under this model, individuals who have contributed the most to the platform, as measured by their account balance, have the most influence over how contributions are scored. Steem only allows members to vote with STEEM when it is committed to a vesting schedule. Under this model, members have a motivation to vote in a way that aims to maximize the long-term value of their STEEM. Steem is designed around a relatively simple concept: everyone’s meaningful contribution to the community should be recognized for the value it adds. When people are recognized for their meaningful contributions, they continue contributing and the community grows.
Steem aims to support social media and online communities by returning much of its value to the people who provide valuable contributions. Users become platform stakeholders, maintaining control over their data, and receiving cryptocurrency compensation for each contribution they make. Steem is designed to enable effective micropayments for all kinds of contribution by changing the economic equation. Readers no longer have to decide whether or not they want to compensate someone from their own pocket, instead they can vote content up or down and Steem will use their votes to determine individual rewards.
Steem was launched in 2016 by Ned Scott and blockchain developer Dan Larimer. The first app built on the Steem blockchain was Steemit, a platform where users can post curated content online and receive cryptocurrency compensation. After the company was bought by Justin Sun, founder of Tron platform, there was a restructuring of Steem’s operations. Therefore, new blocks are no longer created through mining and the network does not use proof-of-work. The Steem blockchain uses delegated proof-of-stake to aim to improve transaction speed on the platform and make it more scalable.
We update our Steem to INR currency in real-time. Get the live price of Steem on Coinbase.
The current market cap of Steem is ₹5.53B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Steem is ₹741.60. This all-time high is highest price paid for Steem since it was launched.
Over the last 24 hours, the trading volume of Steem is ₹498.24M.
Assets that have a similar market cap to Steem include Apu Apustaja, iExec RLC, ArchLoot, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Steem is 516 million.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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