Steem is a “blockchain-based social media platform where anyone can earn rewards”. An incentivized platform, Steem supports community building and social interaction by rewarding those who take part by posting, voting on and curating great content with cryptocurrency.
Steem has several types of tokens, Steem, Steem Dollars (SBD), and Steem Power (a denomination of VESTS). Steem and steem dollars are liquid while steem power is not.
Buy Steem:
On Binance: https://goo.gl/dKQGPu
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SteemIt website: https://goo.gl/iovpmx
eSteem: https://goo.gl/VDxXWj
Android App: https://goo.gl/QD7FE4
iOS: https://goo.gl/RJyNBW
How to obtain the Steem client: https://goo.gl/z139GZ
Coinmarketcap: https://goo.gl/9Sr1mQ
Proof-of-Brain is a type of tokens rewards algorithm that encourages people to create and curate content.
Some pre-blockchain sites let users tip content creators from their own funds. Very few did. Sites like Steemit give content creators a portion of newly minted tokens that are being mined all the time. Most of the tokens can be traded on exchanges, so they’re worth something in dollars. And like Steem, many of these coins have appreciated. Steem stands at $1.67, up from 11 cents a year ago.
Tokens are a big reason why two-year-old Steemit already has about 100,000 content creators, according to Chief Executive Officer Ned Scott. It just broke into the top 1,000 of the web’s biggest sites, according to tracker Alexa.
When you are paid on the website Steemit, you can choose to be paid 50% in STEEM Power and 50% in STEEM Dollars, or 100% in steem power. Here’s an example of a 50/50 payout: If you earn $200 on a post, you will get $100 STEEM Dollars, and 50 STEEM Power (assuming STEEM Power is worth $2 each, at the current time).
Steemit has three ways in which you can earn digital tokens as a community participant, and it’s easy and simple to get involved and start being rewarded with cryptocurrency.
Steemit.com is a social network and content rewards platform which uses Steem technology to reward users for curating content all over the internet. It gives rewards in 50% Steem power and 50% Steem dollars.
The official Steemit website has wallet functionality built-in, so by signing up to the site, you have also created your wallet for storing, Steem, Steem Dollars, and Steem Power. There is also a command line wallet you can download and also a mobile wallet known as eSteem, which acts as a mobile interface to the social network itself allowing you to access all the main features of the site and also transfer your funds.
We all use social media, but it’s probably never occurred to you before that you could be rewarded for the content you share.
Steem is changing the way we use social media, by allowing users to earn rewards for their active participation. By putting an incentive behind interaction, this technology is creating a thriving community where quality content matters.
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