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  • What Steem is! May 25, 2019
    STEEM Steem is the cryptocurrency based upon the blockchain that just support social media network. ![steem-logo-steemit.png](https://cdn.steemitimages.com/DQmaqtuCDqLyH4T3NVrbWWf2DmMy6krn95YziGb3daaAH2q/steem-logo-steemit.png) Link The Steem blockchain enables its users to earn money as a reward for their blogging. If you have another blog without steem so you are unable to get reward but if you have a steem based blog so […]
    /u/mohammadfaisal7
  • New investment platform! FREE 0.02BTC for everyone! will end on May, 30 May 25, 2019
    Hello everyone! PROMOCODE TO GET 0.02BTC: EntryBonus Website: http://cryptobit.space What can I do with this money? You can instantly withdraw it or play roulette and win more! How to get my btc? (0.02 BTC ~ 150$) Just enter this code: EntryBonus in settings (promocode) Video proof: https://www.youtube.com/watch?v=fJ5QsuXLi5k What is the reason for the site to […]
    /u/SlightStranger4
  • Earn 1% every month by holding 200 INSTANTCOIN in your Waves wallet! — Steemit May 24, 2019
    submitted by /u/INSTAINBLOCKS [link] [comments]
    /u/INSTAINBLOCKS
  • New investment platform! FREE 0.02BTC for everyone! will end on May, 25 May 23, 2019
    Hello everyone! PROMOCODE TO GET 0.02BTC: EntryBonus Website: http://xcryptofund.club What can I do with this money? You can instantly withdraw it or play roulette and win more! How to get my btc? (0.02 BTC ~ 150$) Just enter this code: EntryBonus in settings (promocode) Video proof: https://www.youtube.com/watch?v=fJ5QsuXLi5k What is the reason for the site to […]
    /u/ResidentNoise
  • Morphene Blockchain Announcement - Pre-ICO May 22, 2019
    Hey r/steem , We are here to pre-announce the Morphene Blockchain. What is the Morphene Blockchain? The Morphene Blockchain is an application specific Blockchain that builds upon the Graphene library. When will Morphene launch? Very soon. We don't have any dates set in stone but the dev team is nearly finished with the auction application […]
    /u/morphene-io
  • New investment platform! FREE 0.02BTC for everyone! will end on May, 25 May 22, 2019
    Hello everyone! PROMOCODE TO GET 0.02BTC: EntryBonus Website: http://xcryptofund.club What can I do with this money? You can instantly withdraw it or play roulette and win more! How to get my btc? (0.02 BTC ~ 150$) Just enter this code: EntryBonus in settings (promocode) Video proof: https://www.youtube.com/watch?v=fJ5QsuXLi5k What is the reason for the site to […]
    /u/nikgyes
  • Splinterlands to Unleash In-Game Currency Token (DEC) - eGamers.io Crypto & Games May 19, 2019
    submitted by /u/CRYPT0_R0CKET [link] [comments]
    /u/CRYPT0_R0CKET
  • How to earn much on Steemit? May 17, 2019
    submitted by /u/NielSagaert [link] [comments]
    /u/NielSagaert
  • Steem/Bitcoin (16 May) #STEEM $STEEM #BTC $BTC May 16, 2019
    submitted by /u/igortt [link] [comments]
    /u/igortt
  • Steem and the Crypto Economy: Why Steem is one of the most undervalued coins today May 13, 2019
    Steem is one of the most undervalued coins in the market today and I am continuing to buy it while its cheap. I realize we have just hit a new ATL in terms of BTC value, however I dont view this as a negative. I actually see this as a positive. This is a great […]
    /u/zeroknowledgeproofs

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What Is Steem ?

This social news service provides not only a blockchain database, but also a blogging platform and social media site. Steem offers its own currency called Steem Dollars, which can be used for online purchases. Users of Steem can get these tokens by posting and commenting on content they find relevant.

Steem was created by Dan Larimer and Ned Scott, who also created BitShares, in 2016. Larimer has left the project earlier this year. The website’s concept is similar to the one of Reddit, however the site uses blockchain and a token rewarding system for users who post and get engaged in the topics.

Steem provides more types of currency, such as STEEM, Steem Dollars and Steem Power. While the first 2 currencies can be used for purchases, Steem Power is targeted only towards the Steem community.

The project’s supply model doubled each year, which made Steem inflationary. However, things changed starting with December 6th, 2016, when by community demand the inflation rate was reduced with by 0.5% yearly. The rate was changed to a fixed 9.5% yearly on that date.

More than 170.000 users had Steem accounts in May 2017. Although in the beta version of the project no money was provided, $1,300,000 Steem tokens were paid to users on July 4th, 2016.