Invest in Steem

STEEM

HOW TO INVEST IN STEEM

An Investment in Steem

Steem, one of three tokens based on Steemit, was created by Ned Scott and Dan Larimer (BitShares’ CEO) in June 2016. It can be bought and sold on the open market in exchange for Bitcoin, altcoins or fiat.

Steemit is a blockchain-based rewards platform that gives publishers the chance to monetize their content. In many ways it’s similar to other social content networks like Reddit or Yelp. The difference is that the community votes are used to determine which writers and content curators will get paid. This helps content creators focus on writing high quality content without getting distracted by older forms of monetization like ads (which can create bias), affiliate marketing, etc. It’s also formatted in a way to where the users voting on content don’t have to feel limited by any constraints. They’re able to upvote any time they think content is worthy of upvoting without worry of running out of votes.

Steem are created daily and then distributed to three community member types: content curators, upvoters and commenters.

Steem Vs. Bitcoin

steem logo

Total Amount of Coins:

Each cryptocurrency has a set amount of tokens it can create. Bitcoin has a total supply of 21 million coins. STEEM offers over 267 million cryptocoins.

Transaction Processing Speed:

Steem’s transaction speed is at least 10,000 transactions per second, but has been seen to process as quickly as 180,000 transactions per second. These speeds dwarf Bitcoin’s 3.1 transactions per second.

Different Algorithms:

Bitcoin has its own algorithm: SHA-256. STEEM uses a consensus algorithm which combines delegated proof of stake and proof of work protocol.

INVEST IN STEEM

Learn about the Benefits of Steem in your IRA

HOW TO INVEST IN STEEM

If you’re wondering ‘Where Can I Buy Steem?’, or ‘How Can I Invest in Steem?’ – You couldn’t have come to a better place. We offer cryptocurrency IRA accounts and most would consider Steem as our specialty. We have experts on staff to help you understand Steem, walk you through the Steem buying process, and even allows you to fund your Steem IRA account with an existing fund such as your IRA or 401k.

Reach out to us today and learn more about investing in Steem, the long-term value in BTG, and most importantly, open your Steem account with CryptoWallet IRA!

Steem Price Chart