Steem (STEEM) Will Be Listed On Atomars

What is Steem (STEEM)?

Steem is a cryptocurrency that was created for a social blogging platform. Blog posts and comments posted by users are hosted on the Steem blockchain, with the content being curated by users through upvoting and downvoting posts. When users upvote, they not only curate content but also earn an income for both the author as well as the upvoter. Steem and Steem Backed Dollars (SBD) are awarded to the author of the content that received upvotes and the upvoter as well.

Whatever action Steem users take, whether it be blog posting, commenting, or upvoting/downvoting, is done on the blockchain. That makes it necessary for the blockchain to be fast, scalable and free to provide the best user experience. The Steem platform works based on a unique consensus algorithm and monetary system. Although some people question the kind of content on the Steem blockchain, the platform boasts one of the best user experiences of any crypto project to date.

How is Steem Different From Bitcoin?

Both Steem and Bitcoin were designed to serve a particular function. Bitcoin was created to be a digital, peer-to-peer currency. Steem was created to serve as a social media platform. Voting systems are used on many social media platforms to prioritize content. These voting systems include upvotes/downvotes, shares or likes. Steem adds this concept into its blockchain-based platform that pays for contributions to the network. STEEM, like Bitcoin, are cryptocurrencies. However, STEEM’s usage is geared towards social networks.

Steem has Three Cryptocurrencies

In the Steemit ecosystem, there are three digital tokens. These are:

  • STEEM: STEEM is the Steemit network’s foundational cryptocurrency. STEEM is exchangeable with other cryptocurrencies on the popular crypto exchanges. However, to be able to cast votes, your STEEM has to be turned into Steem Power (SP) in a process called “powering up”. Also, STEEM can be converted into another token on the ecosystem, Steem Dollars.

Steem (STEEM) will be Listing on Atomars

Steem (STEEM) has announced that it will be listing on Atomars on November 1st with the trading pairs STEEM/BTC and STEEM/ETH.

About Atomars

Atomars is a new digital assets trading platform on the cryptocurrency marketplace that is currently bridging the gap between fiat and cryptocurrencies. The Atomars platform is a fast, safe, secure and user-friendly platform that seeks to make trading easy for everyone. You can find any of the major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, DASH, USDT and more on the platform. Their web and mobile apps make it easy and fun trading on the go.

Fast and Secure Digital Assets Exchange Platform

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