Steemit is designed as a decentralized application (DApp) built upon the Steem blockchain, using the eponymous cryptocurrency STEEM to reward users for their content. By voting on posts and comments, users get to decide the payout of those posts.
What is Steemit? Steemit is a blockchain social media platform that rewards people for their contribution. You will get paid digital currency known as 'steem' for writing articles or upvoting content.
Investing in STEEM – like all altcoins – is a very risky affair. However, STEEM is a token with a lot of upside potential as its underlying platform is still the market leader in a highly popular new market segment that has the potential to witness increasing demand in the future