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Steem, Powering Communities and Opportunities

Nov 24, 2022
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Steem, Powering Communities and Opportunities. Discover the characteristics of this ecosystem and the direct access to its website.

STEEM

Steem is an application-specific blockchain tailored for fast and functional social dapps.

Steemit, social blogging platform:

The first social network built on the Steem blockchain.

Steem, introduction:

Here is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. It’s currently the only blockchain that can power real applications via social apps like Steemit.

The Steem community provides the following services to its members:

1. A source of curated news and commentary.
2. A means of getting high quality answers to personalized questions.
3. A stable cryptocurrency pegged to the US dollar.
4. Free payments.
5. Jobs providing the above services to other members.

Steem was designed from the ground up to overcome the key barriers to adoption and monetization of a social media economy. The basic thesis is that the same techniques used to develop major social media platforms can be used to seed a successful crypto-currency.

The economic incentives enabled by crypto-currencies can significantly facilitate the growth of a new social media platform. It is the synergy between crypto-currency and social media that this ecosystem believes will give this project a powerful advantage in the market.

They’re 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 token:

Here is the fundamental unit of account on the Steem blockchain. All other tokens derive their value
from the value of STEEM. It is a liquid currency, and therefore can be bought or sold on exchanges,
as well as transferred to other users as a form of payment.

A Smart Media Token (SMT) is a native digital asset on the Steem blockchain. SMTs are cryptocurrency tokens that can be integrated it into web applications and used to create incentives to entice your users to participate in, and grow, your platform.

A new social media model where contributors get big perks

Shareholders of social media platforms made billions of dollars from user-generated content. The content creators? They made nothing.

Steem flips the model and returns the value to the people who contribute the most. Users become platform stakeholders, maintaining control over their data, and earning cryptocurrency rewards for each contribution they make.

Unlike most blockchains that are too slow and expensive to be used for apps, Steem is fast, free, and scalable.

Direct access to the official website


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