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View ChartSteem (STEEM) is a community-focused blockchain database designed to support social interaction and content creation with cryptocurrency rewards. Launched in 2016, it combines concepts from social media and cryptocurrency to create an incentivized platform where users can post curated content, upvote quality contributions, and earn tokens for their participation. The Steem protocol is a publicly available, decentralized, and non-custodial network that aims to provide an instant earning opportunity for its users based on their value to the community. It leverages blockchain technology to ensure fair treatment of contributors through a reward structure that reflects each user's input. The project was developed by Steemit, Inc., founded by Ned Scott and Dan Larimer, and its first application, Steemit, launched on July 4, 2016. The STEEM token powers the network, alongside related assets Steem Power (SP) and Steem Dollars (SMD), with a total supply of approximately 558.36 million tokens and no maximum supply cap.
Steem was created by Steemit, Inc., a company founded by Ned Scott and blockchain developer Daniel Larimer. Ned Scott served as Co-founder and CEO of Steemit, while Dan Larimer, who also founded BitShares, brought extensive blockchain development expertise to the project. Together, they launched the first application on the Steem blockchain, called Steemit, in January 2016, with the official platform launch following on July 4, 2016. Andrew Levine, known as andrarchy, has also been associated with Steemit in communications regarding the platform's operations. The founding team's background in BitShares and blockchain technology provided a strong technical foundation for the Steem network's development.
Steem operates as a publicly available, incentivized blockchain database that supports community building and social interaction with cryptocurrency rewards. The network is non-custodial and decentralized, designed to eliminate common data-related problems faced by traditional social platforms, such as downtime and data abuse. Users interact with each other by posting content, curating quality content through upvoting, and holding Steem-based currencies in a vest fund, which generates interest. The protocol ensures fair treatment of contributors by running a reward structure that reflects each user's contribution to the network. The system includes three token components: STEEM, Steem Power (SP), and Steem Dollars (SMD), with SMD functioning as a stable cryptocurrency pegged to the US Dollar. The Steem Whitepaper provides a more in-depth technical analysis of how the blockchain operates, and the whitepaper repository contains the LaTeX source code for building the document.
Steem distinguishes itself from traditional social media companies by rewarding users for their valuable input to the platform. While conventional social media networks have generated substantial profits from user-produced content without sharing those gains, Steem offers support to its users by paying them in cryptocurrency for their contributions. As the first blockchain-based social media network of its kind, Steem is non-custodial and decentralized, providing a platform without downtime or data abuse, where user data is securely maintained. The network creates immediate revenue streams for users by rewarding them for sharing content, curating quality posts, and holding Steem-based currencies. This approach leverages blockchain technology to combine the engagement of social media with the financial incentives of cryptocurrency, ensuring that those who contribute to the venture are paid by the network, similar to how startups allocate shares during funding rounds.
STEEM powers the Steem blockchain and its applications, primarily Steemit and Steem.it, which are blockchain-based social media platforms built for anyone to earn rewards. Users can earn STEEM by posting relevant content, curating quality content through upvoting, and holding Steem-based currencies in a vest fund that generates interest. The token system includes Steem Dollars (SMD), viewed as the US Dollar equivalent of STEEM and functioning as a stable cryptocurrency pegged to the USD, and Steem Power (SP), a vesting and interest-bearing component. The network serves as a source for thoughtfully chosen news and commentaries, offers answers to users' inquiries, and provides an opportunity to earn cryptocurrency. The platform is designed to serve its community members by rendering various functions, with STEEM acting as the primary utility token for transactions, rewards, and value transfer within the ecosystem.
The Steem ecosystem is anchored by Steemit, the first and prime social media network built on the Steem blockchain, which launched on July 4, 2016. Steem.it represents another blockchain-based social media platform and application within the ecosystem, designed for users to earn rewards through content creation, curation, and holding Steem-based currencies. The ecosystem includes Steem Dollars (SMD) as a stable cryptocurrency pegged to the USD and Steem Power (SP) as a vesting and interest-bearing token component. The network has faced significant developments, including a hostile takeover of the Steem blockchain by Justin Sun, CEO of TRON, in March 2020, which led to a hard fork and the creation of Hive.IO. In May 2020, Justin Sun's Steem locked user funds, with plans to freeze roughly $5 million in Steem tokens belonging to supporters of Hive.IO. The ecosystem continues to be tracked across various platforms, with community sentiment, trading ideas, and market data available through multiple sources.
Steem does not use traditional proof-of-work mining. Instead, the network operates as an incentivized blockchain database where participants earn rewards through contributions to the community. Users can earn STEEM by posting relevant content, curating quality content through upvoting, and holding Steem-based currencies in a vest fund, which generates interest. The vest fund mechanism allows users to lock their tokens in exchange for interest, providing a staking-like function within the ecosystem. This reward structure is designed to reflect each user's contribution to the network, ensuring fair treatment of contributors. The protocol leverages this incentivized model to support community building and social interaction, with rewards distributed in cryptocurrency for participation and value addition to the platform.
Steem operates as a non-custodial and decentralized blockchain database, meaning users are responsible for managing their own private keys and securing their holdings. Since the network is non-custodial, there is no central authority holding user funds, which reduces counterparty risk but requires users to take personal responsibility for security. Users should store their STEEM tokens in wallets where they control the private keys and avoid sharing sensitive information. The blockchain's decentralized nature ensures no downtime or data abuse, and the platform's data are secured through the network's design. For additional safety, users should consider using hardware wallets for long-term storage, enabling two-factor authentication where available, and staying informed about network developments, including governance changes and hard forks that may affect token holdings. Given historical events such as the 2020 hostile takeover and fund freeze, remaining vigilant about network governance and community decisions is particularly important for Steem holders.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for STEEM are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Steem (STEEM) is C$0.090758. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated STEEM to USD rate at the top of BTCC’s price page. In terms of market scope, Steem records a 24h trading volume of C$4.665213M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$51.652319M. Its current circulating supply stands at 559.47M out of a maximum supply cap of ∞.
The price volatility of Steem (STEEM) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (559.47M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Steem (STEEM) hit an all-time high (ATH) of C$12.206116 on 2018-01-03 15:30, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.048606 on 2026-08-18 03:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading STEEM futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$4.665213M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s STEEMUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Steem, simply log into your BTCC account with USDT margin available, navigate to the STEEMUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for STEEMUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.090758), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for STEEMUSDT with zero financial risk.
Trading Steem (STEEM) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for STEEMUSDT, and review its live price (C$0.090758) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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