The Founders of Steem stated that shareholders of user-generated content have created billions of dollars from social media companies.
Following the model that Reddit started in 2014, by giving back to everyone who contributed to Reddit by performing some of the popular actions that are used on Steemit to earn cryptocurrency among other things. Those popular actions are posting, commenting, and voting.
On Steemit, however you are rewarded with cryptocurrency. That cryptocurrency is called Steem and Steem Dollars.
There are 3 main principles that guided in the design of Steem. It is principles based on inclusivity of everyone and giving earnings to everyone based on their contributions to the community.
Steem’s goal is to be the most inclusive coin by giving itself fairly to all involved. Steemit is the platform where these principles are leading the future of this coin’s design and development.
What that means to me is that Steemit is the first platform to make sure everyone gets paid for their contribution to the platform.

The Steem community provides the following services to its members:
1. A source of curated news and commentary.
2. A means to get high quality answers to personalized questions.
3. A stable cryptocurrency pegged to the U.S. dollar.
4. Free payments.
5. Jobs providing above services to other members.

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Steem White Papers