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.


The American influence on Bitcoin is much greater than it seemed so far

26 Mar 2019 1 minute read xlubecx $0.00 tipped

US exchanges with cryptocurrency deal with about 29% of the worldwide Bitcoin trading, which is much more than previously thought. With this conclusion, Bitwise Asset Management, which drew up a Bitcoin study to support its proposal to approve Bitcoi...

Vlog 315 - Great Technical Analysis Book Recommended by @Cryptospa

3 May 2019 1 minute read Chesatochi $0.00 tipped

I share my spontaneous thought that you can discover great hidden knowledge on the Steem blockchain. Author credit: @CryptospaLink of the book on Amazon: https://www.amazon.ca/Visual-Investor-Spot-Market-Trends/dp/0470382058/ref=sr_1_1?keywords=the+...

Craig Wright claims that Binance fights dirty money and manipulates the market

30 Apr 2019 1 minute read xlubecx $0.00 tipped

About two weeks after the Binance Exchange decided to deliberate from its Bitcoin SV cryptocurrency the self-proclaimed "Satoshi Nakamoto" Craig Wright, who is the main representative of this altcoin, has embarked on fierce criticism of this platform...

Binance Chief: Fake volume reports will help the cryptocurrency industry

29 Mar 2019 1 minute read xlubecx $0.00 tipped

Binance Changpeng Zhao, CEO of the Stock Exchange, told Cointelegraph that recent conclusions from The Tie and Bitwise Asset Management's false cryptanalysis volumes are useful for the entire cryptotext industry. Changpeng Zhao, also known as CZ, sai...

Coinbase is on the prestigious LinkedIn list

6 Apr 2019 1 minute read xlubecx $0.00 tipped

Coinbase's Cryptocurrency has become the only Cryptocurrency company to reach the prestigious list of 50 most popular American companies by LinkedIn. According to the annual summary, Coinbase ranked 35th among the employees. In her description she sa...

The Three Most Successful 1-April Jokes in the World of Cryptoms: Have You Caught You?

2 Apr 2019 1 minute read xlubecx $0.00 tipped

OneCoin overtakes EthereumOn April 1, 2017, the excellent forum was edited by the popular CoinDesk crypto-portal, which shocked its readers by saying that OneCoin had become a US federal court verdict, and the judge even ordered CoinMarketCap to plac...

Will Peter Brandt again with his Bitcoine forecast?

8 Apr 2019 1 minute read xlubecx $0.00 tipped

Experienced businessman Peter Brandt believes that the record price of Bitcoin is just ahead of us. This is based on a graph similar to the 2015 chart. Brandt wrote Trading Commodities Futures with Classical Chart Patterns. The cryptocurrency market...

New York Times editor: Facebook looking for investors for its cryptocurrency

11 Apr 2019 1 minute read xlubecx $0.00 tipped

Facebook allegedly seeks investors who would support the development of the cryptocurrency of this social network. New York Times editor Nathaniel Popper reported on Twitter. Popper, referring to anonymous sources that are "well acquainted with this...

Binance has burned Binance Coin (BNB) worth over $ 15 million

17 Apr 2019 1 minute read xlubecx $0.00 tipped

Binance's largest crypto exchange successfully implemented another planned coinburn cryptocurrency Binance Coin (BNB). For the burning (destruction) of Binance Coin (BNB), Binance has committed itself in its whitepaperi. It is one of the incentives f...

Expert: Renewable energy is not enough to sustain Bitcoin

16 Mar 2019 1 minute read xlubecx $0.00 tipped

Renewable energy will not solve Bitcoin's sustainability problem, says blockwine specialist working for PwC, one of the world's top four audit firms, Alex de Vries. PwC analyst expressed this view as part of a study he published yesterday in the Ener...