Current Status of STEEM ....Trading around 6.28USD

Little Introduction of Steem for Newbies beside Current Price Update of Steem

STEEM

Steem is a cryptocurrency used to power the platform Steemit - A blockchain social media platform that Pays.Users create and curate content and get rewarded in Steem for their work.Steem is the fundamental unit of account on the Steem blockchain whereas, All other units (Steem dollars (SBD) and Steem power) derive their value from the value of Steem.Steem increases in supply 100% each year. Steem was first published as a whitepaper in March 2016. The currency and platform were in Beta until July 4th 2016.

STEEM DOLLARS (SBD)

Steem dollars are the units used to reward users for posting and curating content.Each Steem dollar represents the amount of Steem equivalent to 1 USD. Steem dollars (SBD) were created so to stabalize the affects of fluctuating exchange rate of Steem.

STEEM POWER

Steem power (SP) is a token symbolizing how much power (Investment) you have inside the Steemit platform.When you have a lot of SP your votes count more in the system. Increasing your SP is called as “powering up” and decreasing it is called as “powering down”. The way to power down refers to cash your SP into Steem.

STEEMIT SOCIAL MEDIA PLATFORM

The platform itself (Steemit) has grown considerably since the Coin launched on July 4th 2016 and currently has over 70,000 users however it seems that the number of active users is much lower. On STEEMIT You can earn Steem dollars (SBD)and Steem power on Steemit by posting and curating articles.

STEEM CURATION REWARD

You can make money with Steem when Anyone read content posted on Steemit and if likes may Upvote it and users can be entirely anonymous if they choose. Steem governs its users behavior through Community moderation, Steemetiquette if you will.There are no set guidelines as of yet, like on Reddit, but they are being created organically and are self enforced by the Community through their combined voting power called Steem Power.These guiding principles in many ways encourage quality original content from fellow Steemians, otherwise the user is simply wasting their time since they will likely not earn any rewards for posting low quality, undesirable content or spam. Voters on Steemit are called "curators" and are encouraged to evaluate content, sources and links to find high quality information, then vote and moderate based on on the information's factuality, relevance and quality, rather than on opinions.Giving credit where it's due and citing sources is encouraged, since the original poster is being rewarded for the content, original content is preferred when it comes to handing out rewards.

You may Find a Simplest STEEMIT SURVIVAL GUIDE here it will help you to understand Steemit well and to Grow good Rewards of Your Posts
https://steemit.com/steemit/@rajag234/steemit-survival-guide

SOURCES::
https://coinmarketcap.com/currencies/steem
https://www.weusecoins.com/what-is-steem

If You have any Querry or need more INFO ... Ask me by commenting at my Latest post at Steemit and mention with @rajag234.. Its my Pleasure to Help You