Steem

Steem STEEM

Centralized > Hierarchical org. structure
  • Social media
  • Media & publishing
  • Reward content creators/publishers
32 Rank
$4.66 Price
5.17% % 24h
-3.51% % 1h
$1,152,188,247 Mkt. Cap
$73,124,600 Vol. 24h
You are currently following this coin

Steem project purpose and description

Steem clarity of purpose

Steem purpose and aspects

Social media network on the blockchain, Rewarding content, High scalability, Instant transactions, No Sensorship

Short description

Steem is an experiment designed to address challenges in the cryptocurrency and social media industries by combining the best aspects from both. Steem presents earning opportunities to content creators and internet readers in ways that have not existed within the social media industry. Within Steem, individuals earn real rewards online that are directly correlated to their contributions. Those rewards will have dollar value due to the market price discovery and liquidity of Steem, and the people who hold Steem will have more exclusive earning powers than those who do not.

Abstract

Steem is a blockchain database that supports community building and social interaction with cryptocurrency rewards. Steem combines concepts from social media with lessons learned from building cryptocurrencies and their communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects each person's contribution. Steem is the first cryptocurrency that attempts to accurately and transparently reward an unbounded number of individuals who make subjective contributions to its community.

Link to Roadmap: https://steem.io/2017roadmap.pdf
Enjoying our data? We have spent over 2000 hours on Coin Research and Development. Donations are welcome!