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What is Steem (STEEM)?

Steem basic info

Name:Steem
Ticker:
STEEMBuy now
Introduction:

What is Steem (STEEM)?

Steem blockchain is a community-driven network that enables users to earn instantly. It provides an earning opportunity for customers based on their contribution to the network. Users can share curated content online and receive payment in cryptocurrency. The protocol is a publicly available incentivized blockchain database that allows users to interact and earn. It combines social media and cryptocurrency technology to provide users with value. The network ensures fair treatment of contributors by implementing a reward structure that reflects each user's contribution.

Steemit, the first app built on the Steem blockchain, launched on July 4, 2016. The protocol aims to provide value to its community of users by offering thoughtfully chosen news and commentaries, creating an opportunity to earn, answering users' inquiries, and offering a stable cryptocurrency pegged to the USD.

Who Are the Founders of Steem (STEEM)?

In January, Steemit was launched by Ned Scott and blockchain developer Dan Larimer, marking the first app on the Steem blockchain. Steemit is a unique social network app that operates like others, but it is decentralized and non-custodial thanks to its blockchain technology. As a result, the app avoids common data-related issues seen on traditional social platforms. Moreover, Steemit allows users to earn rewards based on their contributions to the community, and it also offers a stable cryptocurrency pegged to the USD, providing more value to its users.

What makes Steem (STEEM) Unique?

Steem stands out from traditional social media companies because it rewards its users for their valuable contributions to the platform. What makes it even more unique is that it is based on blockchain technology, making it non-custodial and decentralized. This means that there is no downtime or data abuse, and the platform's data is perfectly secure. Additionally, users are paid in cryptocurrencies for participating on the platform. One of Steem's guiding principles is that those who contribute should be paid, just like startups do during funding rounds. Another core belief is to provide financial services and opportunities to its community members.

How is The Steem (STEEM) Network Secured?

Following its acquisition by Tron platform founder Justin Sun, Steem underwent a restructuring of its operations. As a result, the creation of new blocks no longer relies on mining and the network has moved away from using proof-of-work. Instead, witnesses are scheduled to create a block every three seconds using delegated proof-of-stake, which helps to boost transaction speed and scalability. Witnesses who create blocks are rewarded with Steem Power.

Conclusion

To sum up, blockchain technology has been showcased by Steem in a remarkable way, transforming the way creators and curators of content are rewarded. Steem's rewards system, fast processing of transactions, and focus on community engagement have established it as a significant contender in the cryptocurrency realm. With the platform growing and attracting more users, there is no doubt that it will have a significant influence on the digital content industry in the long run.

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Current price:
All-time high:$8.57
All-time low:$0.06919

STEEM supply and tokenomics

Circulating supply:475,300,700 STEEM
Total supply:475,300,714.6 STEEM
Max supply:0 STEEM
Market cap:$75.57M
Fully diluted market cap:$75.57M

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What is the development prospect and future value of STEEM?

The market value of STEEM currently stands at $75.57M, and its market ranking is #429. The value of STEEM is not widely recognized by the market. When the bull market comes, the market value of STEEM may have great growth potential.

As a new type of currency with innovative technology and unique use cases, STEEM has broad market potential and significant room for development. The distinctiveness and appeal of STEEM may attract the interest of specific groups, thereby driving up its market value.

What will the price of STEEM be in 2025?
Based on STEEM's historical price performance prediction model, the price of STEEM is projected to reach $0.2331 in 2025.
What will the price of STEEM be in 2030?
In 2030, the STEEM price is expected to change by -12.00%. By the end of 2030, the STEEM price is projected to reach $0.3541, with a cumulative ROI of +116.83%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of STEEM and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is STEEM worth investing or holding? How to buy STEEM from a crypto exchange?

If you want to buy STEEM, the following information may be helpful for your investment decisions:
In the last 7 days, the price of STEEM has fallen by -0.66%, leading to negative returns for most STEEM investors. The market is currently pessimistic about the price trend of STEEM.
It is important to note that the current price of STEEM has retreated by -98.15% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether STEEM is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in STEEM or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of STEEM, if you want to buy or sell STEEM, you can consider Bitget for your trading needs. The best place to buy STEEM is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Steem has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Steem. Here's a step-by-step guide on how to buy Steem on Bitget.

How to get Steem through other methods?

Using cash to buy Steem is not the only way to obtain Steem. If you have the time to spare, you can get Steem for free.
Learn how to earn Steem for free through the Learn2Earn promotion.
Earn free Steem by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Steem airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Steem through Bitget Convert, Bitget Swap, or spot trading.

What is Steem used for and how to use Steem?

The use case of Steem may expand as the crypto market and the project itself develop. Currently, you can use STEEM to achieve the following goals:
Arbitrage by trading STEEM: Since STEEM is a frequently traded cryptocurrency, the price of STEEM is always fluctuating. Earn more STEEM by buying low and selling high on the exchange. Bitget spot market provides a variety of STEEM trading pairs to fully meet your needs.
Earn by staking STEEM: You can also generate income through financial management methods such as staking STEEM or lending STEEM. Bitget Earn offers a variety of financial products designed to help you earn more income from your STEEM.
Send or pay STEEM: If you want to give STEEM to your friends, a charity, or a fundraiser, or you want to pay someone with STEEM, you can quickly and easily send STEEM to the recipient through their payment address.
You can also go to the official website of the Steem project to learn more about the use cases of STEEM. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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