Steem (STEEM) Hits 24 Hour Trading Volume of $7.77 Million

admin

Steem (CURRENCY:STEEM) traded down 15.9% against the US dollar during the 1-day period ending at 8:00 AM Eastern on February 22nd. Steem has a market cap of $842.57 million and $7.77 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded down 24.4% against the…

Steem (CURRENCY:STEEM) traded down 15.9% against the US dollar during the 1-day period ending at 8:00 AM Eastern on February 22nd. Steem has a market cap of $842.57 million and $7.

77 million worth of Steem was traded on exchanges in the last day. During the last seven days, Steem has traded down 24.

4% against the US dollar. One Steem coin can now be purchased for approximately $3.

37 or 0.00034056 BTC on popular exchanges including Poloniex, OpenLedger DEX, Bittrex and Upbit.
Here is how similar cryptocurrencies have performed during the last day: Get Steem alerts: Bitcoin (BTC) traded 9.5% lower against the dollar and now trades at $9,998.13 or 1. BTC. Bitcoin Cash (BCH) traded down 12.9% against the dollar and now trades at $1,200.

22 or 0.12120200 BTC. PACcoin (PAC) traded down 10.7% against the dollar and now trades at $0.0000 or 0. BTC. Counterparty (XCP) traded down 16% against the dollar and now trades at $23.55 or 0.

00237831 BTC. Crown (CRW) traded down 13.7% against the dollar and now trades at $2.38 or 0.00023992 BTC. Namecoin (NMC) traded 13.1% lower against the dollar and now trades at $2.52 or 0.

00025448 BTC. Unobtanium (UNO) traded 0.9% lower against the dollar and now trades at $148.76 or 0.01502270 BTC. ATBCoin (ATB) traded 10.2% lower against the dollar and now trades at $0.54 or 0.

00005424 BTC. CHIPS (CHIPS) traded down 30.

2% against the dollar and now trades at $0.37 or 0.00003772 BTC. Terracoin (TRC) traded down 6.2% against the dollar and now trades at $0.21 or 0.00002160 BTC.

Steem Coin Profile Steem is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 4th, 2015. Steem’s total supply is 266,809,976 coins and its circulating supply is 249,835,882 coins. The Reddit community for Steem is /r/steemit and the currency’s Github account can be viewed here . Steem’s official Twitter account is @steemit and its Facebook page is accessible here .

Steem’s official message board is steemit.com/@steemitblog .

Steem’s official website is steem.io .
According to 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.

T Steem 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. “
Steem Coin Trading
Steem can be purchased on these cryptocurrency exchanges: Bittrex, HitBTC, Poloniex, OpenLedger DEX and Upbit.

It is not presently possible to purchase Steem directly using US dollars. Investors seeking to acquire Steem must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem using one of the exchanges listed above. Receive News & Updates for Steem updates for Steem and related cryptocurrencies CryptoBeat newsletter . «.

Leave a Reply

Next Post

SingularDTV Price Down 23.7% This Week (SNGLS)

SingularDTV (CURRENCY:SNGLS) traded 13.7% lower against the dollar during the one day period ending at 20:00 PM E.T. on February 22nd. One SingularDTV token can currently be bought for approximately $0.10 or 0.00001086 BTC on exchanges including OKEx, Braziliex, EtherDelta and CryptoDerivatives. SingularDTV has a total market cap of $62.99 million and approximately $3.20 million…

Subscribe US Now