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LeoGlossary: $STEEM

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How to get a Hive Account


$STEEM is one of the base layer coins on the Steem blockchain.

It is distributed via the Proof-of-Brain (PoB) mechanism which rewards content creators and curators for their efforts on-chain. This comes out of the reward pool.

This is a cryptocurrency that is traded on exchanges. When the coin is staked, it turns into Steem Power, which is used in voting for governance issues along with on posts/comments.

$STEEM is held in the blockchain wallet which also provides feeless transactions.

General:

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