What does Steem do?
Steem (CRYPTO:STEEM) is a decentralized social media platform that rewards users for creating and curating content. It is powered by the Steem blockchain, which is a public blockchain that is designed for social media applications.
Steem is currently working on a number of projects to expand its ecosystem and make it more useful for users, including Steemit, Hive, and Busy. Steem's objectives are to provide a decentralized and censorship-resistant platform for social media, reward users for creating and curating high-quality content, and build a community of users who are passionate about social media and cryptocurrency.
Company Snapshot
How many people does Steem employ?
50+
What is the market cap for Steem?
$78.81M
Where is the head office for Steem?
New York, United States
What year was Steem founded?
2016
Content creation and curation: Steem allows users to create and curate content on a variety of topics, including news, politics, entertainment, and more. Users can earn rewards for their content in the form of Steem Power (SP) and Steem Dollars (SBD).
Decentralization and censorship resistance: Steem is a decentralized platform, which means that it is not controlled by any one entity. This makes Steem a more censorship-resistant platform than traditional social media platforms.
Payments and rewards: Steem users can send and receive payments in the form of SP and SBD. Users can also earn rewards for creating and curating content, interacting with other users, and voting.
Social networking: Steem allows users to follow other users, comment on their content, and join communities. Users can also earn rewards for interacting with other users.
Transparency: All Steem transactions are recorded on the Steem blockchain, which makes them transparent and auditable.
Voting and governance: Steem users can vote on content and governance proposals. This gives users a say in how the Steem platform is run.
