Steem (STEEM)

1,057 Articles 35 Followers

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.


Why I (almost) left Steemit for Publish0x

16 Feb 2020 1 minute read 4 comments Seb Crypto

I joined Steemit in February 2018. The platform seemed promising to me, and it was, it really was. But I soon realized that there were some flaws that nothing could erase. In the last two years, I have posted on Steemit more than two hundred articles...

Tron acquires Steemit

16 Feb 2020 1 minute read 2 comments Seb Crypto

Hey, is this a joke? Tron really acquired Steemit? It would appear so. Okay, however, that doesn't mean Steem ecosystem is gone for now anyway. Because what is Steemit compared to Steem? A Dapp. Nothing more. Well, okay, it's one of the most importan...

The Migration of Steem is Just a Tiny Reflection of the Crypto Reality

16 Feb 2020 2 minute read 40 comments acesontop

The new CEO of Steemit, you know who he is and I won't mention him thousands of time, has twitted a few hours ago about the clear intentions of migrating Steem to Tron, so if any of you is still in doubt about this future reality, you should think ag...

"Decentralization" is a Joke, No Surprise Here, Steemit Moves to Tron Blockchain, Leaves EOS

16 Feb 2020 1 minute read 1 comment Omar Faridi

Does it even matter honestly? Not really and it's not a big deal. In my opinion, Steemit has failed as a blockchain-based social media network. Its users were supposed to be incentivized for contributing quality content in Steem dollars and Steem tok...

Splinterlands - Final Hours of Season and My Review of Chest Loots

16 Feb 2020 2 minute read 0 comments mawit07

I am assuming everyone who plays Splinterlands is doing their final push to get to highest possible rating before end of season to earn chest loots. This season is the first season since the new daily quest and end of seasons were modified. Originall...

Pink Yoda - strain review

16 Feb 2020 1 minute read 1 comment skylinebuds

Have you ever wanted to smoke yoda? Ok maybe not smoke him but to meet him would be pretty epic. Star wars is one if not my favorite series around for a movie, Yes even the new ones cause as a fan I love the story.   I have tried to do some research...

Justin Sun Buys Steemit

16 Feb 2020 1 minute read 0 comments BTCparadise

If you haven't heard about the news already, Steemit has been sold to Justin Sun. It was announced yesterday on February 14, 2020. Justin Sun wrote on Steemit: Today, TRON joins forces with the Steem community & Steemit. We are so excited about this...

STEEMIT/TRON: The Exchange Stranglehold/Leverage?

15 Feb 2020 2 minute read 0 comments bengy

    Unsplash   So, the dust is still a bit up in the air about the Tron/Steemit partnership that was announced yesterday with a pretty detail free Medium post. The most curious idea was the concept that there would be the possibility of a new "S...

Main Takeaways From Steemit Tron "Partnership" AMA

15 Feb 2020 1 minute read 5 comments tomoyan

Justin and Ned had a DLive AMA this morning. It lasted about an hour. They talked about their backgrounds and projects and why Steemit is joining Tron ecosystem. But first and most importantly, there is NO BIG CHANGES to Steemit for a while.  Ned sol...

Inevitable Migration From The #oldsteem to #newsteem. The Tron Steem

15 Feb 2020 3 minute read 0 comments acesontop

Yesterday the news regarding the purchase of Steemit by Tron's patron/CEO came like a blast and nobody recovered from it I guess. I personally find it hard to do, because deep down, no matter what the AMA will reveal, I know that Steem will never be...