+12.56% growth: How to Buy Steem (STEEM) – A Step by Step Guide
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What is STEEM?
Steem bills itself as 'a social blockchain that grows communities and makes revenue streams possible for users by rewarding them for sharing content'. It also powers real applications via social apps like Steemit.
Steem started out as the cryptocurrency on the Steemit platform that rewards users for community building through the upvoting and the posting of meaningful content. Founded in 2016 by Ned Scott and BitShares creator Dan Larimer, the Steemit platform, built atop the Steem blockchain, is a social media network that seeks to be a source of community-driven curated content such as news, Q&A and job boards. The more value a particular piece of content is able to deliver across a greater number of people, the greater the reward received by the creator. Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher. Steemit’s meritocratic system also enables users that hold more currency to cast more meaningful, greater influence votes.
Currently STEEM is being ranked 67 out of the top 100 cryptocurrencies on Coinmarketcap and has recently surged a hefty 12.56% at the time of writing.
STEEM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats money. However You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy STEEM.