-
Bitcoin
$84,398.8724
0.21% -
Ethereum
$1,950.6014
1.46% -
Tether USDt
$1.0000
0.00% -
XRP
$2.4146
2.88% -
BNB
$618.2157
5.47% -
Solana
$135.7864
0.72% -
USDC
$1.0000
-0.01% -
Cardano
$0.7572
2.74% -
Dogecoin
$0.1769
3.08% -
TRON
$0.2221
0.27% -
Pi
$1.4604
-3.87% -
Chainlink
$14.1278
2.18% -
UNUS SED LEO
$9.8107
-0.22% -
Toncoin
$3.5817
22.44% -
Stellar
$0.2769
0.91% -
Hedera
$0.1939
1.37% -
Avalanche
$19.1365
1.70% -
Shiba Inu
$0.0...01291
1.11% -
Sui
$2.3739
1.83% -
Litecoin
$93.4318
2.42% -
Bitcoin Cash
$344.9050
5.21% -
Polkadot
$4.3912
4.63% -
MANTRA
$6.6154
5.91% -
Ethena USDe
$0.9997
-0.01% -
Dai
$1.0002
0.01% -
Bitget Token
$4.4634
0.95% -
Hyperliquid
$14.5253
5.34% -
Monero
$210.9008
0.74% -
Uniswap
$6.2865
3.41% -
Aptos
$5.4049
3.78%
What is the issuance price and issuance volume of STEEM coins?
STEEM's initial issuance price of $0.005 during its 2016 ICO, along with its capped issuance volume of 100,001,200 coins, contributed to its early accessibility and potential value appreciation.
Dec 01, 2024 at 06:36 am

What is STEEM Coin: Issuance Price, Issuance Volume, and Key Distinctions
STEEM, an acronym for "Social Media Evolved," is a blockchain-based platform that incentivizes users for creating and curating content. It was launched in 2016 as a decentralized social media platform built on the Proof-of-Stake (PoS) consensus mechanism.
STEEM coin is the native cryptocurrency of the STEEM blockchain, serving various purposes within its ecosystem. This comprehensive guide delves into the issuance price and issuance volume of STEEM coins, exploring their significance and implications.
1. Issuance Price of STEEM Coin
The initial issuance price of STEEM coin was **$0.005** during its Initial Coin Offering (ICO). The ICO took place from March 23 to April 3, 2016, and raised a total of $5.5 million. The ICO offered 1 billion STEEM tokens for sale, with 20% of the total supply reserved for the STEEM team and advisors.
The issuance price of a cryptocurrency during its ICO is crucial as it determines the initial market valuation of the project. The low issuance price of STEEM coin made it accessible to a wider range of early investors and contributors.
2. Issuance Volume of STEEM Coin
The total issuance volume of STEEM coin is limited to 100,001,200. Of this total supply, 20% was allocated to the STEEM team and advisors during the ICO, and the remaining 80% was distributed to early backers, contributors, and the community over time.
The capped supply of STEEM coins contributes to its perceived scarcity and potential value appreciation. By limiting the total number of coins in circulation, the blockchain ensures that the supply remains fixed, reducing inflationary pressures and potentially enhancing coin value over time.
3. Key Distinctions between STEEM and SBD
While STEEM coin is primarily used for governance and rewards on the STEEM blockchain, Steem Dollar (SBD) is another cryptocurrency within the STEEM ecosystem. Understanding the key distinctions between these two cryptocurrencies is essential.
- Utility: STEEM coin is primarily used for governance and voting on proposals within the STEEM community. It also serves as a reward for content creators and curators. SBD, on the other hand, is designed to be a stablecoin pegged to the US dollar.
- Stability: SBD aims to maintain a stable value against the US dollar through an algorithmic and community-managed mechanism. This stability makes it suitable for transactions and everyday use within the STEEM ecosystem. STEEM coin, on the other hand, is subject to market volatility and its value fluctuates based on supply and demand.
- Issuance: SBD has an uncapped supply and can be created or burned algorithmically to maintain its peg to the US dollar. STEEM coin, however, has a capped supply of 100,001,200.
These distinctions highlight the different roles played by STEEM coin and SBD within the STEEM blockchain ecosystem. STEEM coin serves as a governance token and reward mechanism, while SBD is designed to provide a stable medium of exchange and reduce transaction friction.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Trump's love for crypto heralds a new era, and Australia may be forced to follow
- 2025-03-16 05:05:55
- The cryptocurrency market is showing signs of change, with one of the leading coins hinting at a possible rise
- 2025-03-16 04:50:54
- Lightchain AI Could Emerge as the Next Big Crypto Winner
- 2025-03-16 04:50:54
- Cryptocurrency scam linked to a newly minted ‘$Ramaphosa’ token exploited South African Parliament’s official X, Facebook, and YouTube accounts
- 2025-03-16 04:45:54
- Dubai License Brings Ripple Closer to Global Adoption
- 2025-03-16 04:45:54
- A wind of dissent is blowing over Washington
- 2025-03-16 04:45:54
Related knowledge

Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?
Mar 15,2025 at 04:20pm
Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?
Mar 15,2025 at 11:10am
Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?
Mar 15,2025 at 04:20pm
Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?
Mar 15,2025 at 11:10am
Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...
See all articles
