STEEM is a token that comes from the Steem currency that is used by the Steemit social content portal. Steemit is much like Reddit only the content creators and users who leave comments are given monetary rewards for the participation.
The most popular trading option for purchasing Steem is Bitcoin. This pair handles more than 50% of the volume in the market and right after they are the trading due Steem/KRW. Steemit showed amazing growth in its Korean user base and even has its own Korean website. The most popular exchanges for trading are Bittrex and Binance.
There are three tokens in the Steem ecosystem: STEEM, STEEM POWER, and STEEM DOLLAR. Steem is designed to be traded on exchanges, and users can trade it for other assets or receive Steem Power in order to interact with the Steemit ecosystem. Because users are always concerned about volatility, Steem dollar is an option that users receive a 10% yearly reward for holding.
Recent analyses show that users show preference to Steem Power, where you can see that daily average for Steem power-up was 185.249. The VFI is currently above 0 since the end of July which means that the value above 0 is bullish and below 0 is bearish. Its usage is declining and this is concerning because it brings much more problems.
However, there are a few opportunities to earn rewards within the Steem network. Steem uses a voting system in order to prioritize quality content so participants are always very keen on creating great content. Also if your Steem Power is accumulated, that is a great way for your influence to grow and to earn more on the Steem Network.
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