Steem (STEEM) is a cryptocurrency token associated with the Steem blockchain-based social media and content sharing platform.$STEEM
Key details:
- Symbol: STEEM
- Blockchain: Steem
- Consensus Algorithm: Delegated Proof of Stake (DPoS)
- Total Supply: Approximately 415 million STEEM
- Circulating Supply: Approximately 345 million STEEM
Current Price (approximate):
- Price: $0.20
- Market Cap: $69 million
- 24h Volume: $1 million
STEEM use cases:
1. Content creation and curation
2. Social media interactions (upvoting, commenting)
3. Rewards for contributors
4. Governance and voting
5. Decentralized finance (DeFi) applications
STEEM benefits:
1. Decentralized social media experience
2. Monetization opportunities for content creators
3. Community-driven decision-making
4. Low-fee transactions
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