Steem (STEEM)

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Steem is a social blockchain platform that focuses on decentralized applications, an example of which is the popular Steemit publishing platform. Launched in 2016 by EOS founder Dan Larimer and Ned Scott, STEEM is one of the earliest examples of a social and content-focused platform that employs cryptocurrencies and the blockchain. 

Steem’s mission is to empower communities by giving them smart tokens to incentivize users to help grow communities and foster participation.

Steem’s most prominent application, Steemit, is a publishing platform where content creators are rewarded with the cryptocurrency token STEEM for the quality they produce. There is also a stablecoin available on the network called Steem Dollars (SBD). Both tokens can be traded on an internal decentralized exchange. Transaction fees are replaced by the inflation rate of the token.

Several other decentralized applications have already been created on Steem. Other dapps include Steem Engine, a platform for issuing and trading Steem-based tokens; DTube, a decentralized platform for uploading and sharing video material; SteemPress, a WordPress plugin connecting WordPress and Steem; and more.

The Steem team is currently focusing on developing Smart Media Tokens, which will “will allow anyone to create their own token...and use those tokens to fundraise, monetize content, and grow their own social communities.” This is intended to help communities in the content creation space to launch their own tokens to support themselves and establish mutually beneficial mini-ecosystems.

Around $500 Price Drop Down When Trading

26 Oct 2023 2 minute read 0 comments shohana1

Image by Mohamed Hassan from Pixabay     There is proverb we all know, Grasp all, loss all. And this happen to me yesterday when I trade altcoin steem. It was pump 0.23 cent to 0.31 cent and I was trapped when I bought it when price is 0.3090 when...

Do We Have Whales On Publish0x?

28 Feb 2023 1 minute read 0 comments stbrians

Wow!   We had,  Whales,  Dolphins and Minnows on Steemit. A crypto whale refers to an individual, group of people, entity, or blockchain wallet that holds enormous amounts of cryptocurrency. The question here is whether there are whales on Publish0x....

That Guy on Steemit Was So Damn Wrong...

24 Jan 2023 2 minute read 2 comments acesontop

The comparison between Hive and Steem is futile atm as Hive is a whole new project(different breed) built on way more sustainable pillars than Steem. Hive somehow is because Steem was but for the sake of this post's topic let's leave any comparison a...

Why Did I Invest in STEEM and How Do My Investments Work?

10 Jan 2023 2 minute read 0 comments 0leh

A bear market is a great chance to invest your money. Moreover, it is best to buy when everyone around is shouting that cryptocurrency has no future and its price is going to zero. I could be wrong, but I think we are close to the bottom right now. S...

Steemit, the ideal place for bloggers

8 Jan 2023 1 minute read 1 comment adeljose

The internet has opened many doors and opportunities for people around the world to connect through social networks and share their tastes, ideas and skills, as well as the advantage of knowing other cultures, sites of different countries through pho...

Why I Choose Publish0x Over Hive and Steemit: My Personal Perspective

7 Jan 2023 2 minute read 11 comments Fabrynar.

As a long-time user of Publish0x, I have consistently found it to be my preferred platform for both publishing and consuming quality content. While other platforms such as Hive and Steemit may have their own unique features, there are several reasons...

Which Are Some Of The Problems And Challenges You Have Ever Experienced Online

13 Dec 2022 2 minute read 2 comments stbrians

Being Scammed. Scamming may be termed as the number one challenge I have ever experienced online.  Count yourself lucky if you have not experienced any of the numerous scams online. I have had my share not once nor twice but severally.  I used to be...

We Had A Journey!

26 Nov 2022 1 minute read 4 comments stbrians

The journey of life is not as easy as such.  Our writing story is quite hard and full of corners,  hills,  valleys and bumps.  In writing I was a novice.  I enjoyed writing though to write 400 characters was a challenge.  Writing needs one to be cre...

Defluenced, Episode 4: Review of Hive Social Blogging Platform

6 Oct 2022 1 minute read 9 comments Allen Taylor

Hive is a fork from pioneering Web3 social media platform Steemit, built by Ned Scott and Dan Larimer. In today’s episode of Defluenced, Unkle Bonehead (@unklebonehead) and I delve into the Hive platform and discuss what we like about it, and what we...

Who is Justin Sun?

21 Sep 2022 4 minute read 5 comments

If you have paid any attention to cryptocurrency news in the last several years, you have most likely heard of Justin Sun. This young Chinese-born entrepreneur has taken the crypto world by storm with his controversial tactics and business ventures....