Steem (STEEM) traded up 2.04 percent with US dollar during the last day period of time closing 03:15 on May 4th EST. Steem at present has a cap of $1,015,695,015 and its 24 hr trading volume is about $16,333,000. Over the last seven day interval, Steem is 2.56 percent against the US dollar together with a change of -0.01 percent through the past 60 minutes.
Let’s take a look at how the other currencies have performed since this time yesterday
Vertcoin (VTC) is currently at $2.78 against the dollar, a 3.43 percent change since this time yesterday. The Bitcoin price of VTC is currently 0.00028751 BTC.
ICON (ICX) is currently at $4.41 against the dollar, a -0.12 percent change since this time yesterday. The Bitcoin price of ICX is currently 0.00045521 BTC.
Bitcoin Gold (BTG) is currently at $76.92 against the dollar, a 2.91 percent change since this time yesterday. The Bitcoin price of BTG is currently 0.00794382 BTC.
Tezos (Pre-Launch) (XTZ) is currently at $3.91 against the dollar, a 5.17 percent change since this time yesterday. The Bitcoin price of XTZ is currently 0.00040404 BTC.
Steem Info
Steem has a maximum supply of exactly 254,158,215 coins. It started on 4th July, 2015.
Quoted from cryptocompare: “Steem.it is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest.There are three main currencies in Steemit: Steem, Steem Power (SP) and Steem Backed Dollars (SBD).Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power.Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards.When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders recieve interest from their holdings. The more Steem Power a voter has the more revenue he'll generate for himself (in form of SP) and for the content creator (In SBD).There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward.Steem Backed Dollars are there to protect content creators from volatitlity and can be traded for roughly 1 usd worth of steem, in order to cash out from steem. Converting Steem backed dollars into STEEM takes 5 days. Users also recieve interest from holding SBD. TSteem is a proof of work currency with a scheduled blocktime of 3 seconds. Steem PoW mining is done in rounds of 63 seconds by 21 miners (witnesses). 19 of the miners are pre voted, one is the other with the most computational power, and the last one is selected from a queue of witnesses that did not get on the top 19 voted witnesses.90% of the block reward is allocated to a vest fund to reward curators and PoW miners, the other 10% are made liquid in the form of steem and are used to reward content creators. Steem gets converted to Steem Backed Dollars and sent to the content creator.”
A number of handy url links are following, should you wish to learn more about Steem:
Website: https://steem.io/
Github: https://github.com/steemit
Twitter: steemit
Reddit: https://www.reddit.com/r/steemit/
Facebook: https://www.facebook.com/steemit
STEEM: Info for Traders
You can buy STEEM at trading exchanges including LiveCoin, Binance, BitSquare, Upbit, Poloniex, HitBTC, and Liqui.
It is not always feasible to buy digital coins like Steem instantly using dollars. Investors needing to attain STEEM may possibly need to firstly get BTC or Ethereum from an exchange which has USD currency trading pairs for instance Coinbase or perhaps GDAX. Traders can then use this Bitcoin or Ethereum to purchase Steem using one of the trading exchanges outlined previously