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Steem Stock

Steem

STEEM

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Steem Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
HTXSTEEM/USDT0.136,763.4514,8357.32 M0.38cex3887/9/2025, 6:23 AM
PoloniexSTEEM/USDT0.1311,388.0117,991.353.23 M0.7cex1947/9/2025, 6:23 AM
MEXCSTEEM/USDT0.1340,984.13151,176.271.18 M0.04cex4637/9/2025, 6:18 AM
XXKKSTEEM/USDT0.1357,994.34143,133.731.17 M0.08cex517/9/2025, 6:21 AM
UpbitSTEEM/KRW0.1312,402.12133,243.18720,509.350.08cex4317/9/2025, 6:23 AM
BinanceSTEEM/USDT0.1359,334.68148,408.85714,322.620.01cex5007/9/2025, 6:23 AM
GateSTEEM/USDT0.1331,866.7333,419.78560,140.060.02cex4347/9/2025, 6:23 AM
HotcoinSTEEM/USDT0.133,006.248,314.22530,088.010.07cex2767/9/2025, 6:23 AM
WhiteBITSTEEM/USDT0.134,965.334,173.1359,966.240.03cex2177/9/2025, 6:18 AM
BithumbSTEEM/KRW0.1317,406.3725,034.07255,568.810.05cex3037/9/2025, 6:20 AM
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Steem FAQ

### What Is Steem (STEEM)? Steem (STEEM) is a cryptocurrency that operates on the Steem blockchain platform, designed to reward content creators and curators for their contributions to the community. The platform is intended to support decentralized social media and online content sharing, whereby users can earn STEEM tokens for posting and interacting with other users' content. On Eulerpool, interested parties can track the performance and other relevant metrics related to Steem.

Steem is a blockchain platform centered on community interaction, offering users immediate earning opportunities. This protocol is designed to reward individuals based on their contributions to the network, serving as a platform where users can publish curated content and receive cryptocurrency payments in return. This publicly accessible blockchain database incentivizes user interaction and engagement, blending elements of social media with cryptocurrency technology to deliver value to its users. The network implements a reward system that fairly compensates contributors based on their individual input and participation. Steemit, the inaugural application built on the Steem blockchain, was launched on July 4, 2016. The protocol seeks to deliver value to its community through several core objectives: - Providing a selection of carefully curated news and commentaries. - Creating earning opportunities for users. - Serving as a resource that offers solutions to users’ inquiries. - Offering a stable cryptocurrency pegged to the USD.

Who Founded Steem?

Ned Scott, in collaboration with blockchain developer Dan Larimer, introduced the inaugural application on the Steem blockchain in January, named Steemit. This application resembles other social networking apps but stands out by utilizing blockchain technology, thereby ensuring it is a decentralized and non-custodial platform. As a result, the network avoids the typical data-related issues encountered by conventional social media platforms.

What Distinguishes Steem?

Many traditional social media companies have generated substantial revenue from the content created by their users. However, Steem distinguishes itself by supporting its users through rewards for their valuable contributions to the platform. A unique feature of the network is its foundation on blockchain technology, making it the first of its kind. Consequently, it is non-custodial and decentralized, with no downtime or data abuse, ensuring that the platform's data is securely protected. Additionally, users receive payments in cryptocurrencies for their participation on the platform. Steem operates under a key principle: contributors to a venture should be compensated by the owners, akin to startups distributing shares during funding rounds. Another fundamental belief is to serve its community members by providing various financial services and opportunities.

What is the Current Circulation of Steem (STEEM) Coins?

**Token Economics** Unlike other blockchains where new coins are generated through mining, Steem allocates the majority of its coins (STEEM) to the rewards pool. STEEM serves as the main coin of the protocol. The rewards pool distributes tokens to users on the platform based on their contributions. Witnesses, who are block-creating accounts, add new blocks to the Steem blockchain every three seconds. Consequently, STEEM is produced by the network daily, and the new coins are distributed as follows: - Content curators and authors receive 75% of the newly created coins. - Users with Steem Power holdings (another form of Steem cryptocurrency) receive 15% of the coins. - The remaining 10% is granted to witnesses. Apart from STEEM, the other two cryptocurrencies within the Steem ecosystem are Steem Dollars (SBD) and Steem Power (SP).

What Mechanism Ensures the Security of the Steem Network?

Following its acquisition by Justin Sun, the founder of the Tron platform, Steem underwent a restructuring of its operations. Consequently, new blocks are no longer generated through mining, and the network has moved away from using proof-of-work. Instead of proof-of-work, the protocol appoints witnesses who are tasked with creating a block every three seconds. The Steem blockchain employs a delegated proof-of-stake mechanism to enhance transaction speed and scalability on the platform. Witnesses receive Steem Power as a reward for every block they create.

Where Can You Purchase Steem (STEEM)?

There are numerous cryptocurrency exchanges where users can acquire Steem tokens, SteemPower, or Steem Dollars (SBD), or even exchange them for local currencies. Users without accounts can purchase these through crypto exchanges such as Binance. Furthermore, STEEM and Steem Dollars can be effortlessly traded for bitcoin, which can subsequently be converted to fiat currencies. Click here to get more information about crypto on the Eulerpool blog.

Investors interested in Steem are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.