Three Useful Features of STEEM

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There are a lot of cryptocurrency coins in the market but STEEM is a little different that can be useful to us in many ways out of which these three things are the most important, let's see what they are in this article.

Investment

STEEM currencies have Three main purposes. The first is as a means of investing. It is extremely comparable to other cryptocurrencies in this instance. Users can buy STEEM tokens from a marketplace, keep them in their wallets, and wait for their value to rise. You can buy steems directly using your debit card or credit card or bank account from the below-listed exchanges.

• Binance
• Bithumb
• BitShares
• Bittrex
• Huobi
• UpBit

Here is the step-by-step guide for how to buy steems

Trading

Any can trade at any time by simply buying and selling steem coins on the open market and collecting their profits. People buy STEEM tokens because they think the STEEM platform will make money for the blockchain community, among other things. Trading cryptocurrencies like STEEM is different from trading fiat currencies since STEEM is not governed or controlled by a central bank like fiat currencies are. As a result, STEEM coins are not directly impacted by changes in exchange rates brought on by constantly shifting monetary policy.

^{Steem graph on coinmarketcap}

Utilizing

You can utilize your owned steems at steemit.com as a "Reward generator" by holding them in the wallet as Steempower SP. The platform is a blockchain-based rewards system that gives the community of content publishers cash incentives. In Steemit users can spend STEEM tokens to vote for the material they find interesting or beneficial. People who contribute to the community reward other users for publishing their work with a one-STEEM, one-vote ratio. The incentives program encourages content sharing because posters' posts may result in STEEM token awards. Users with the largest influence as determined by their account balances have the biggest impact on contribution scoring.

Click here to know more about steempower SP

The STEEM platform achieves two goals by providing monetary rewards for publishing content. In the beginning, it motivates users to publish material that will draw additional participants. These publishers will then be compensated with STEEM coins. Second, it encourages the dissemination of fascinating and actually helpful knowledge. Due to the abundance of useless material online, STEEM has developed a technique to use its reward-based platform to spotlight only the most beneficial submissions.

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