STEEM COIN

STEEM is the primary coin of the protocol. The pool distributes tokens to users on the platform based on their input. Witnesses (block-creating accounts) add new blocks to the Steem blockchain every three seconds. Therefore, STEEM is produced by the network daily and the new coins are distributed in this manner:

Steem. Steem coin is a fundamental cryptocurrency of the Steemit network, and the other two cryptocurrencies ( Steem Dollars and Steem Power) are dependent on it. Since Steem was released in 2016, the supply of Steem has automatically increased by 100% each year. This is what it’ll continue to do indefinitely.

Steem coins are the native cryptocurrency tokens running on the blockchain. Developers of web applications can create Smart Media Tokens (SMTs) as native digital assets to build incentives for users to participate in the platform and help it grow.

You can buy STEEM tokens on several exchanges using cryptocurrencies such as bitcoin (BTC) or Ether (ETH). You can also buy STEEM using fiat currency such as US dollars or directly from your Steemit.com account. Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.

STEEM value statistics
Price to USD $ 0.5711
Price to BTC 0.0000148 BTC
Rank 179
24h volume $ 1.59 million
Market cap $ 219.28 million

The obvious choice for storing your Steem coins is the actual Steem platform. In fact, if you are a writer and are fortunate enough to make some money on Steemit, your coins will initially be put in the Steemit platform wallet anyway.

Dan Larimer
Dan Larimer is a software programmer and entrepreneur who played a role in the creation of multiple blockchain projects including Steem, Bitshares, and EOS. Larimer is the creator of the delegated-proof-of-stake (DPoS) consensus model, in which elected delegates validate transactions and create blocks.