A STEEM wallet is an application that allows you to manage your STEEM, possibly in the form of STEEM Dollars, VESTS, or STEEM (STEEM Tokens). Some STEEM wallets offer integrated access to STEEM posts, and may also have built-in exchanges to assist with the different types of STEEM currency.

STEEM. STEEM is the foundational cryptocurrency of the Steemit network. STEEM can be exchanged for bitcoin or other cryptocurrencies via several prominent exchanges. In order to cast votes, however, you need to turn your STEEM into Steem Power (SP). This process is known as “powering up.” You can also convert STEEM into Steem Dollars.
Steem Power (SP). When you turn STEEM into SP, you are investing it in the network as equity. One unit of STEEM, vested as SP, equates to one vote. Those with the most SP to contribute have the greatest influence over which content is elevated to the top. Upvotes and downvotes, or “flags,” from users holding large amounts of SP are worth more than users with less SP. Additionally, around 90% of new STEEM that is created goes to users who hold a lot of SP, which creates an incentive for participants to invest their earnings back into the network. Rate limits are in place on converting SP back into STEEM, known as “powering down.”
Steem Dollars. Steem Dollars, valued at 1:1 with the US dollar, are a unit used to represent a short-term debt. Holding Steem Dollars is described in Steem’s whitepaper as a way of lending the community the value of one US dollar, which is designed to foster growth.

An SMT is a native digital asset on the Steem blockchain. SMTs can be launched by anyone to help monetize online content and create incentives to encourage desired user behavior.

SMTs are like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.

Steem is explained as a fundamental unit of account on a platform called Steemit. Steemit is a Blockchain-based platform where users can publish content and vote on it like on every other social media platform, but with the difference that on Stemmit, they are rewarded with tokens. 

The Steem network gives new Steem units to publishers and voters every day. Steem can be exchanged either on Steem Power (SP) or Steem Backed Dollars (SPD). Steem Power is a token used to upvote content, which helps to get a revenue both for a voter (in SP) and for a publisher in (SPD) proportionate to how much Steem Power the voter has. Steem Powered Dollars represent an amount of Steem equal to 1 USD. SMD helps to protect content creators from the volatility of the Steem cryptocurrency by promising them that they’ll get a fixed amount of money, no matter how much Steem will cost when they cash out.

You can currently trade IOTA against the following major currencies:

USD (United States Dollar)
BTC (Bitcoin)
KRW (Korean Won)
ETH (Ethereum)
USDT (US Dollar Tether)
BNB (Binance Coin)
JPY (Japanese Yen)
GBP (Great British Pound)

The NEO coin is among several coins that are slated for addition onto the fast-rising US-based site Robinhood. There is an indication that the relatively new site could revamp its services and expand, potentially becoming a competitor of the revered Coinbase.




The site that just launched this April has become a favorite of cryptocurrency’s millennial investors. Its fast-expanding reach could do well to expose NEO to more users among the American user base on its trading app.

If the coin is added as expected, the probability of it being a positive move could see its volume improve (has dipped from $500 million worth of NEO coins traded late April, to just over $126 million on May 10, 2018).

NEO is also among 50 other crypto assets listed today on Coinbit, which has promised free trading for the first month and then a subsequent low fee of 0.05%.

NEO has a sister company OnChain that’s already a “made man” in terms of the financial services industry. It is also currently working with the Chinese and Japanese government along with large corporations including Alibaba.

NEO is considered more of a open-source public cloud model which will be separate from OnChain but can also interconnected in terms of the cross chain functionality as we will see more of with NeoX.

NEO is a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications. The base asset of the NEO blockchain is the non divisible NEO token which generates GAS tokens that can be used to pay for transaction fees generated by applications on the network.[4] NEO supports a wide variety of commonly used programming languages such as Javascript and C++ by using a customized version of Docker called neoVM that compiles the code into a secure executable environment.