Steem(STEEM) was created in conjunction with a decentralized social network in which users are remunerated for their sharing.
STEEM started from 94.09 INR on 1st September 2017 and moved up towards 95.23 INR on 30th September 2017.
That is when STEEM started from 65.21 INR on 1st October 2017 and experienced a descent towards 64.71 INR on 31st October 2017.
However, STEEM witnessed a move from 91.65 INR on 1st November 2017 and leaped towards 67.07 INR on 30th November 2017.
Therefore, STEEM started at 70.61 INR on 1st December 2017 and moved towards 206.67 INR on 31st December 2017
Therefore, STEEM started at INR 272.78 on 1 January 2018 and moved towards INR 286.25 on 31 January 2018 .
Therefore, STEEM started at INR 315.40 on 1 February 2018 and moved downwards to INR 216.33 on 26 February 2018.
There are three main Steemit currencies: Steem, Steem Power(SP) and Steem Backed Dollars (SBD).
Steem is liquid and can be purchased in an exchange and converted to STEEM dollars or steem power. Steem Power is essentially where users can use the power of steem for content upvote and get curating rewards. When a user puts voice content of his/her steem power, they become scarce, then regenerate slowly. Steem power holders receive interest from their holdings. More Steem power an elector has the most revenue that he/she will generate(in the form of SP) and for the content creator(in SBD). Steem is a proof of the working currency with a blocktime expected 3 seconds. Mining steem PoW is done in turns of 63 seconds by 21 miners.