Steem Alliance

The Steem Alliance, part of the Steem blockchain ecosystem, continues to focus on enhancing community engagement and rewarding user contributions. Steem is a blockchain-based platform designed to reward users for creating and curating content. It combines elements of social media with cryptocurrency, allowing users to earn STEEM tokens based on their activity and contributions on the platform.
The Steem blockchain employs a unique reward distribution system where 75% of newly created STEEM tokens are allocated to content creators and curators, 15% to those holding Steem Power (another form of Steem cryptocurrency), and 10% to witnesses (block producers). This incentivizes active participation and content creation​.
Steemit, the first application built on the Steem blockchain, allows users to publish and monetize content. It operates on principles of decentralization, ensuring users have control over their data and are fairly compensated for their contributions​.
Recently, Steem's market performance has been mixed, with its price currently below both the 50-day and 200-day simple moving averages, indicating a bearish trend. However, technical indicators suggest a potential short-term increase in price​.
Overall, the Steem Alliance and its blockchain continue to focus on creating a fair and rewarding ecosystem for content creators, while navigating the dynamic cryptocurrency market.