FAQs for Steem Crypto News

What are the different currencies in Steemit?

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.

What is the current price of Steem?

The price of Steem has risen by 0.44% in the past 7 days. The price increased by 0.12% in the last 24 hours. In just the past hour, the price grew by 0.30%. The current price is $0.26991 per STEEM. Steem is 96.85% below the all time high of $8.57. The current circulating supply is 394,951,699 STEEM.

What are the other cryptocurrencies apart from Steem?

The other two cryptocurrencies apart from STEEM are the Steem Dollars (SBD) and Steem Power (SP). How Is The Steem Network Secured? After the company was bought by Justin Sun, founder of Tron platform, there was a restructuring of Steem’s operations.

What is Steemit (STS)?

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).

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