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.


3 Easy Ways to Convert Steem to Naira

4 Oct 2019 2 minute read belemo $0.06 tipped

Cryptocurrency, blockchain and similar means of earning remains one of the best to earn for myself and a lot of Nigerians. It is free from the corruption that has plagued the country for a long time. The only problem is that in terms of mass adoption...

Criticisms about Steemit (2/3) - Steem Blockchain´s Economy: DEVALUATION.

3 Oct 2019 7 minute read Juan Molina $0.05 tipped

REWARD SYSTEM. The Steem chip system is inflationary, new chips are distributed every day. Inflation is 8.59% in 2019 and is reduced by 0.01% per 250,000 blocks. The new tokens are distributed based on the votes of the users. When users have more "S...

Criticisms about Steemit (1/3) - Steem's Value vs Newbies's Resources Credits (RC)

3 Oct 2019 3 minute read Juan Molina $0.06 tipped

  Many think that life is unfair. I prefer to say that it is often contradictory.   In its dynamics it poses a constant decision making. Success is determined according to the goals we achieve. According to what you think is most important. So you...

The Steem Life: The Lonely Road

3 Oct 2019 2 minute read belemo $0.16 tipped

The Steem Life is a series that discusses my journey so far and hopefully motivate others. Previous Episodes:- Welcome to The Steem Life- It Starts with an Introduction  A moment to Reflect Looking back at it, I probably should have done certain thin...

How To View The Value Of Your Staked Steem Engine Tokens & Radio Evolved LIVE! Replay

30 Sep 2019 1 minute read AtomCollector $0.06 tipped

  I just came across this handy little tool by @blockchainstudio for seeing the value of the Steem Engine tokens you have staked! https://economicstudio.github.io/vp/?a=musicvoter&t=palJust change "musicvoter" to your account and the token name to...

Steem Knights: 3D multiplayer game

27 Sep 2019 1 minute read dexpartacus $0.45 tipped

                                                        Official website screenshot Tomorrow 28 September 12:00 UTC a new game on Steemit will arrive, and will be the first 3D multiplayer. Steem Knights is a fight & chess mixed together, where it wi...

The Steem Life: It Starts with an Introduction

27 Sep 2019 2 minute read belemo $0.09 tipped

The Beginning Like all journies, we'll start this one from the very beginning. Way before I arbitrarily cooked up my introductory post and earned my first few SBD and Steem. Its been a year and 9 months but I still remember how my brother called me u...

Welcome to The Steem Life

26 Sep 2019 1 minute read belemo $0.05 tipped

The steem life will be a series of posts that will highlight my experiences on steem blockchain. It is a journal that chronicles some experiences with people, various communities and Dapps. Through this series, I will present some of my positive and...

HoboDAO Publish0x Page.

25 Sep 2019 2 minute read liquid-mike $1.99 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...

Altcoin Season is Here- Take a Look at Tron and STEEM for Deep Value

23 Sep 2019 2 minute read Wstanley224 $0.46 tipped

Altcoin Season is Here- Take a Look at Tron and STEEM for Deep Value As Bitcoin's price has stagnated, select altcoins have soared. Ethereum, Ripple's XRP and Lumens have risen double digit percentages over the weekend, as the king of cryptocurrency,...