Steemit is a blockchain-based social media platform that allows users to create and share content and get rewarded with cryptocurrency for their contributions. It was launched in 2016 and is based on the Steem blockchain, which is designed to incentivize content creation and curation.
Users on Steemit can post articles, photos, and videos, and earn rewards based on the popularity and engagement of their content. They can also vote and comment on other users' posts to earn rewards and support the content they like.
The rewards on Steemit are distributed in the form of a cryptocurrency called Steem, which can be traded on various cryptocurrency exchanges or used within the Steemit platform to power up accounts and increase voting power. Steemit aims to provide a decentralized and censorship-resistant platform for content creators and consumers, with the potential for users to earn income based on their contributions.
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