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What is Steem?

Steem is a blockchain-based social media platform that allows users to create and share content, as well as earn rewards for their contributions.

It aims to create a more open and transparent system for content creation and distribution, where users are incentivized to create quality content and engage with others.



One of the key features of the platform is its content discovery and curation system. Users can upvote content they enjoy, which increases its visibility and rewards the creator.

Additionally, it utilizes a reputation system to help establish trust between users, which can impact the weight of their upvotes and the visibility of their content.

It also features a token economy, where users can earn tokens for creating and curating content, which can then be traded on various cryptocurrency exchanges.


What is STEEM Token?

It is the native cryptocurrency of the platform.


Use Cases

  • Content Creation
  • Community Building
  • Decentralized Applications



    According to the whitepaper, the initial distribution of the token was split between various stakeholders, including users who had contributed to the platform during its beta phase, early investors, and the Steemit Inc. team.

    Ongoing distribution of the token is primarily through rewards for content creation and curation, as well as through inflationary rewards for network maintenance. As of April 2023, the total supply of STEEM is approximately 356 million tokens.


    For further information, click on the link below to learn more about STEEM!
    Link: STEEM whitepaper