SO YOU WANT to start your own cryptocurrency. You’re fed up with the international banking system, which seems like an antidemocratic relic responsible for multiple major financial catastrophes over the past few years.
STEEM
Cryptocurrency tipping platforms require users to give something up to reward other for their contributions. With Steem, rewarding others is as simple as voting for a post, such you may on Reddit, or as you would Like a post on Facebook. What you call your new online money says a lot about why you’re inventing it in the first place.
Currently, Steem has accumulated a market cap of more than $200 mln and a market price of $0.88. In July 2016, the monetary incentive it was offering propelled it to higher heights. Steem rose by more than 2,000 percent to reach more than $400 mln in market cap within two weeks. At the same time, its price also grew from $0.24 to $4.63.
It was one of the top contenders in the crypto space until it started declining late last year, and finally, was pushed back to the lower echelons.