Dear Steemian
system is a blogging and social networking website on top of the database blockchain steam. The Steem blockchain produces steam and steam Dollars that tradable tokens users get to post, discover, and comment on interesting content. in July, 4th, 2016, the system, Inc. officially launched Steemit, social media in exchange for virtual currency that runs during blockchain Steem. system, inc is a private company based in New York City and headquartered in Virginia. The company was founded by Ned Scott and Dan Larimer, creators of BitShares, and EOS. Steem is based on the Smart Media Token (SMT) protocol, developed by Steemit. As of December 2017, CoinMarketCap.com listed Steem with $ 475 million market capitalization and Steem rating of the 32nd token 1,358 cryptocurrencies. Steem starts with a very inflation supply model, doubling around every year.
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