Steemit Explained | Why is Steem Coin Valuable and Where Does It Come From? | Best DApp

In this video, BlockWolf explains Steemit and the Steem Coin. Jeffrey breaks down how the upvote system works, how users get rewarded for content, and where new Steem Coins come from and how “steem mining” works even though there really is no mining.
Steemit is basically a decentralized version of Reddit that rewards its users for content creation, has censorship resistance, and does not have access to certain data that other social media siteshave access to, because there are no ads on Steemit. We do not go into detail about Steem power in this video, but if you have any questions about Steem, please leave them in the comments section below and we will answer them.

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Disclaimer: ⚠
The information contained in this video should not be considered financial or legal advice. BlockWolf representatives are not professional financial advisers. Always conduct your own research and seek out a professional financial adviser before making a financial decision.

Steemit Explained | Why is Steem Coin Valuable and Where Does It Come From? | Best DApp

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