What is Steem?

"Steem is a blockchain-based social media platform where anyone can earn rewards. Collectively, user-generated content has created billions of dollars worth of value for the shareholders of social media companies, such as Reddit, Facebook, and Twitter. Steem supports social media and online communities by returning much of its value to the people who provide contributions by rewarding them with virtual currency."...
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General

TICKER SYMBOLS
STEEM
AGE
3 years old (March 24, 2016)
CURRENT PRICE
$0.346894
Updated 6 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$8.14
Last year
CIRCULATING SUPPLY
318,758,941 coins
Updated 5 minutes ago via coinmarketcap.com
MARKET CAP
$110,575,408
Updated 4 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Built-in Inflation (9% per annum)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
3s
HASHING ALGORITHM
SHA-256