Steem (STEEM) is a blockchain-based cryptocurrency and reward platform that rewards users for creating and curating content. It is the native token of the Steem blockchain, which is an open source platform that allows users to interact with each other and create content without the need of a third party intermediary.
Steem was created to incentivize users to engage in the platform, by rewarding them with STEEM tokens. This is done by rewarding users for creating content, as well as rewarding them for curating content. The more content that is created and curated, the more tokens are rewarded. This helps to create a more vibrant, engaged and active community.
The Steem blockchain is powered by a “proof-of-stake” consensus algorithm, meaning that users are rewarded for their contributions to the platform with STEEM tokens. This helps to ensure that the platform remains secure and stable, and also helps to prevent any single user from controlling a large portion of the platform’s tokens.
In addition to the rewards for creating and curating content, the Steem platform also includes a social media-style interface that allows users to interact with one another and share content. This helps to create a more engaging and interactive community that encourages members to collaborate and share their ideas and content.
Overall, Steem is a unique platform that uses blockchain technology to reward users for creating and curating content. This helps to create a more vibrant and active community and encourages users to create and share content. The rewards system helps to ensure that the platform remains secure and stable, while also providing an incentive for users to engage in the platform.