Steem Predictions of $ 10
The blockchain-based social media was the next increment to sudden growth, rising to $ 6 and viewing previously unheard-of prices.
For months, Steem (STEEM) looked like a niche coin, related mostly to the use of a single social media site. But in the past week, STEEM burst to all-time highs, and you've taken the spot of yet another speculative digital asset.
STEEM and SBD are instrumental to the ecosystem of the Steemit social media platform. Users gain Steem by posting, and can either exchange it for Steem dollars and move to fiat, or buy STEEM shares, which can not be converted back to Steem. But now, Steem dollars have risen way up their intended peg to the US dollar, confusing the users of the platform, as well as investors.
At one point, Steem Dollars reached a peak around $ 12, while STEEM remained depressed, with a recent low around $ 0.80 before the sudden recovery.
https://cryptovest.com/news/steem-bursts-to-all-time-high-predictions-of-10-to-materialize/
Steem (STEEM) fell -15.50% in 24 hours
January 11, 2018 - By wolcottdaily
It was bad day for Steem (STEEM), as declined by $ -0.7723 or -15.50%, touching $ 4.2099. International Crypto Analysts believe that Steem (STEEM) is looking for the $ 4.63089 goal. According to 4 analysts could reach $ 9.2758614368154. The highest price was $ 5,192 and the lowest price was $ 3,8164 for January 10-11. The open was $ 4,922. It last traded at BitTrex exchange.
BUY - SELL - EXCHANGE Steem (STEEM) AT BEST RATE
For a month, Steem (STEEM) tokens went up 128.80% from $ 1.84 for coin. For 100 days STEEM is up 242.27% from $ 1.23. It traded at $ 1.91 200 days ago. Steem (STEEM) has 99.69 million coins mined with the market cap $ 419.69 million. It has 99.69M coins in circulation. It was founded on 04/07/2015. The Crypto STEEM has PoW proof type and runs under algorithm.
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 will 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 preoted 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 the 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.
http://wolcottdaily.com/steem-steem-fell-15-50-in-24-hours/
Mark Zuckerberg Acknowledges Importance of Cryptocurrencies and Decentralization
Mark Zuckerberg
about a week ago
Every year I take on a personal challenge to learn something new. I've visited every US state, run 365 miles, built an AI for my home, read 25 books, and learned Mandarin.
I started doing these challenges in 2009. That first year the economy was in a deep recession and Facebook was not yet profitable. We needed to get serious about making sure Facebook had a sustainable business model. It was a serious year, and I wore a tie every day as a reminder.
Steemit, a well known decentralized network, is the most widely used of all token-driven social networks. It is a social media platform that pays users for creating content. The most popular to post becomes, the more STEEM (currently priced at $ 7.01) that user receives.
It's great to see Zuckerberg addressing an issue that has been on everybody's mind. With the rise of big data, users of the mainstream internet find it hard to feel safe with their information.
Additionally, the algorithms used to curate the internet just put the players in smaller boxes. It's getting harder to see the other side of things because advertising only wants to provide what is relevant to the consumer.
https://cryptoslate.com/mark-zuckerberg-acknowledges-importance-cryptocurrencies-decentralization/
Steem tools
UTOPIAN
OPEN SOURCE ECONOMY
Earn rewards by contributing to your
favorite Open Source projects!
WHO PAYS THE REWARDS?
To pay the rewards, Utopian.io uses the Steem blockchain. The money is created in the form of a cryptocurrency called STEEM, through community voting. Nobody has to pay for the rewards directly. They are generated and distributed using an algorithm called Proof-of-Brain, which encourages people to create and curate quality content.
In the case of Utopian.io, your contributions to the Open Source world are the quality content. By upvoting your contributions, the community creates money to reward you for your work. People can also choose to pay each other directly using their own STEEM, if they want to, but it's optional.
Steem Rewards Report
decentralized video platform using steem and ipfs