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.

How Much Crypto Can You Earn In One Month?

4 weeks ago 1 minute read Scottcbusiness.eth $6.05 tipped

I want people to realize the potential of monetizing your content with blockchain technology. But just how much crypto can one potentially earn on an average month? I went and calculated my earnings over the last 30 days and would like to share the r...

Publish0x Is The Only Platform Without Wealth Inequality

3 days ago 6 minute read Scottcbusiness.eth $5.14 tipped

Part of the original motivation for cryptocurrency was to help solve the wealth inequality found in fiat currencies, but it ends up the same. A tiny percentage of accounts hold the majority of any cryptocurrency while the rest hold tiny almost neglig...

Comprehensive Blockchain Social Media Platforms Review IV

2 weeks ago 41 minute read Scottcbusiness.eth $4.71 tipped

Hey everyone, This is my fourth comprehensive review of blockchain social media platforms meant to give you the most thorough resource and reference for finding the next best platforms to use! This will be covering new platforms not covered in the pr...

What is STEEM - [A Comprehensive Guide to Understanding STEEM]

14 Oct 2019 6 minute read Mr.CryptoWiki $3.76 tipped

image source The cryptocurrency space has plenty of different projects trying to solve different things. However, there aren’t plenty of them who try to get into the social networking business. Steem was one of these ‘several’ projects who attempt t...

A Quick Overview Of Steem Project

9 Sep 2019 6 minute read Rumi $3.11 tipped

Stееmіt іѕ а ѕосіаl mеdіа platform built оn the blосkсhаіn that рауѕ іtѕ content сrеаtоrѕ and curаtоrѕ іn cryptocurrency. Stееm іѕ а соmрlеtе есоѕуѕtеm that hаѕ the роtentіаl tо fіx а lоt оf іѕѕuеѕ with the current ѕосіаl mеdіа platformѕ. Stееm іѕ...

Steem's Proof of Work - The dark side of Steem.

8 Oct 2019 3 minute read fervi $2.95 tipped

A lot of people don't know Steem's story. They think it's a very nice platform for writing texts (which is partly true). However, they don't know the dark history of Steem, which will weigh over the platform for the rest of its existence. Not many pe...

A Review Of Steem’s Decentralized Applications

15 Oct 2019 5 minute read Scottcbusiness.eth $2.68 tipped

I’ve been using several Steem decentralized applications or dapps for about 2 years and I’d like to review the social platforms built on Steem and share my recommendations. Keep in mind that for the most part, all the platforms being reviewed today g...

HoboDAO Publish0x Page.

25 Sep 2019 2 minute read liquid-mike $2.02 tipped

Welcome To The HoboDAO Publish0x Page. What is Hobo DAO? Hobo Dao is a multi chain decentralized project to review and reward long form content with Steem engine tokens. Any steem user can submit a publication and it will be manually reviewed and th...

STEEMIT running out of STEAM? : 70% Employees laid off

11 Dec 2018 1 minute read Joel Kovshoff $2.01 tipped

  Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now these are just things some of the former emplo...

Discussing And Demoing DTube With The Founder

11 Jun 2019 1 minute read Scottcbusiness.eth $1.86 tipped

I sit down with the founder and main developer of DTube Adrien aka @Heimindanger to talk about DTube diving into its origins and some big updates for what’s coming next! I’ve been using DTube since I first joined Steem about a year and a half ago an...