What is Steem?
Steem is a blockchain-based social media platform that rewards users with cryptocurrency for creating and curating content.
Key Features:
Decentralized: Steem operates on the Steem blockchain, ensuring censorship-resistant and transparent content sharing.
Cryptocurrency: Users earn Steem tokens (STEEM) and Steem Dollars (SBD) for posting, commenting, and voting.
Community-driven: Users curate content through up voting and commenting.
Rewards: Content creators receive 75% of rewards, while curators receive 25%.
Various platforms: Steem powers multiple platforms, including Steemit, Steepshot, and DTube.
Benefits:
- Monetize content
- Decentralized control
- Community engagement
- Censorship-resistant
- Innovative incentive structure
Challenges:
- Volatile cryptocurrency market
- Limited mainstream adoption
- Complex user interface
- Scalability issues
Steem Tokens:
- STEEM (main token)
- Steem Dollars (SBD)
- Steem Power (SP)
Use Cases:
- Blogging
- Social networking
- Content creation
- Community building
- Micro-tasking