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Steem

STEEM#517 by market cap

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

Steem is for socialfi. We have not written its record yet, so its promises are not checked. It trades at $0.0575, #632 of all coins by size, 99% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #9 of 50 socialfis. Nothing to be careful of on the record.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
nonenamed backersno investor or index on file
10 yearson the marketsince 24 March 2016
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3 of 4

  • A real-world jobReal-world purpose: socialfi
  • Real backingBacking: trades on Binance, Upbit
  • Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • Room to growRoom: worth $32.08M, 53 times smaller than Pump.fun, the biggest coin within reach doing the same thing (SocialFi)

Listed on 2 big exchanges

  • Origin24 March 2016about about 10 yearssteem.com, GitHub
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingNo named investorListed on Binance, Upbit
  • Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in SocialFi ($4.95M). To match the leader, Pump.fun ($1.69B), its price would need to rise 5169%, to about $3.03.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags
  • Only 0 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#9of 50 socialfisthe typical one is worth $4.95M
$32.08Mworth todayprice × coins out
$4.95Mthe typical rival is worthSocialFi
$1.69Bthe leader is worthPump.fun
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Socialfi

50 coins tagged SocialFi, worth $2.46B together. #9 of 50 by worth.

SocialFi: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Steem$32.08Mthis coin−6.9%no maxno record
  • Pump.fun$1.69B52.7× bigger, +$1.66B−0.3%, gap +6.647% outnone dated
  • AntFun$171.16M5.3× bigger, +$139.08M+0.1%, gap +7.019% outnone dated
  • RealLink$74.71M2.3× bigger, +$42.63M−71.3%, gap −64.4no max4 of 5 delivered
  • Swop$66.16M2.1× bigger, +$34.08M100% outno record
  • Atoshi$40.23M1.3× bigger, +$8.15M+5.7%, gap +12.61% outno record
  • GAL (migrated to Gravity - G)$39.95M1.2× bigger, +$7.87M−1.4%, gap +5.564% outno record
  • Status$37.28M1.2× bigger, +$5.2M−15.3%, gap −8.5no maxno record
Same job, different how

SocialFi: this coin next to Pump.fun, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Steem says
Steem is a cryptocurrency that rewards users for community building by posting and upvoting valuable content for others.
Pump.fun says
Pump.fun is a website that lets people launch and trade meme cryptocurrency coins on the Solana blockchain.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Steem is a cryptocurrency that rewards users for community building by posting and upvoting valuable content for others. Steem was inspired from the success of Reddit where the community helped enrich the shareholders.

Problem it says it solves: socialfi. 50 coins are working on it and together they are worth $2,460,919,155. This coin is 1% of that.

Where it trades: Binance, Upbit, Poloniex, WhiteBIT, MEXC

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

SocialFi: this coin next to the group's largest, Pump.fun.

SteemPump.fun
Years trading10 years1 year
Major exchanges211
Named backers00
Headlines, last month0130
Promises deliveredno recordno record

What it says is different: Steem is a cryptocurrency that rewards users for community building by posting and upvoting valuable content for others. Steem was inspired from the success of Reddit where the community helped enrich the shareholders.

It is 1.9% the size of Pump.fun. On the facts above it is behind on major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.0575price of one−6.9% today
99%below its highest ever$8 on 2 January 2018
100%of the supply is out558.03M coins
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The last 7 days

7 days ago: $0.0462now: $0.0575 (+23.8%)

Where today sits against its highest ever price

$0.0575

Highest ever: $8.19 on 2 January 2018. Today is 1% of that.

100%

of all STEEM that will ever exist is already out in public hands: 558.03M coins.

0% (44.84K coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Its pages do not say what holding it gets you

That is worth knowing before buying. A coin nobody needs is priced on hope.

  • Nothing the project's own pages spell out.
$0.0575price of one
×
558.03Mcoins out
=
$32.08Mworth today, #632 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 558.03Min circulation of 558.07M total. No hard maximum is set, so more can be created.
  • 1%of its all-time high of $8.19 on 2 January 2018. That is −99.3% from the top.
  • #632by market cap, $32,079,271.
  • 24 March 2016first block, as listed by CoinGecko.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

0headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Nothing in the news this month.

Why it movedUp 24% this week. No headline named it in the last three days, so the move is not explained by news we can see.

In the news

Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.

The record itself

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

Pages saveddailycaptured every night
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy