Steem
Steem dollars
These are only used as stored values and for trading which involves buying and selling.
There is also a third one known as steem power, which is basically for internal use in the steem community.
Stem is developed by steemit and it is based on the Smart Media Token (SMT) protocol.
By Dec 2017 CoinMarketCap.com ranked steem tokens 32nd of 1,358 cryptocurrencies with a market capitalization of $475 million.
Actions of users on the platform such as upvoting facilitates the algorithm which provides incentives and rewards content creators.
As at July 2016, the steem exchange rate compared to bitcoin rose continuously peaking at a price of over 4 USD and by July 20th of 2016, the first notable peak of market capitalization for steem with about 405 million USD was recorded. And by Dec 16th 2017, steem market capitalization hits 525 million USD.
steem as a cryptocurrency have been experiencing tremedeous growth right from inception and it is my believe that better days are yet to come because we shall soon have a time where 1 steem dollars will be as high as $1000 and even more.
Steem is the cryptocurrency for the future.
