What is Steem (STEEM)? Blockchain Platform for Content and Rewards

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Bittime  - Every day, millions of people around the world produce and consume content in various forms. However, most online platforms do not reward users for their contributions. This is where Steem comes to change that. 

Steem is a revolutionary blockchain platform that allows users to earn cryptocurrency (STEEM) for their contributions in the form of blog posts, comments, upvotes, and content curation. The platform creates a digital economy that rewards users for the value they create.

What is Steem (STEEM)?

Steem is a blockchain platform designed to reward users for their contributions in the form of a cryptocurrency called STEEM. The platform allows users to post, curate, and upvote content, and they receive STEEM based on the popularity of their content.

Steem (STEEM) Main Products & Features

• Steemit:

  A blogging and social networking platform where users can post and curate content to earn STEEM.

• Steem Power:

  Metrics that show user influence on the Steem platform. The more Steem Power a user has, the more influence they have over voting and rewards.

• Steem Dollars (SBD):

  A stablecoin pegged to USD and used for transactions on the Steem platform.

• DApps:

  Various decentralized applications built on the Steem blockchain, such as markets, games, and financial tools.

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What are STEEM Tokens?

STEEM is the native cryptocurrency token of the Steem platform. This token is used for:

• Rewarding users for their contributions.
• Powering Steem Power, which determines a user's influence on the platform.
• Pay transaction fees on the Steem platform.
• Participate in the governance of the Steem platform.

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Tokenomic Token STEEM

• Maximum Supply: None
• Circulating Supply: 456,112,633 STEEM
• Distribution:
  • 50% mined by users
  • 25% allocated to the Steem team
  • 25% is allocated for platform development

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Steem Fundamental Analysis (STEEM)

• Strength:

  • Active and organized user community
  • Easy to use platform
  • Various DApps available

• Weakness:

  • STEEM price volatility
  • Competition from other blockchain platforms
  • Centralized token distribution

Comparison of Steem (STEEM) & Competitors

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Expert Opinion About Steem (STEEM)

• Steemit has great potential to revolutionize the way we produce and consume content. - Dan Held, Co-founder of Kraken
• Steem is one of the most innovative blockchain platforms out there. - Tim Draper, Draper Fisher Jurvetson

Founder and Team of Steem (STEEM) Blockchain

• Ned Scott: CEO Steemit Inc.
• Dan Larimer: CTO of Steemit Inc.
• Matt Mason: Chief Scientist Steemit Inc.

Conclusion

Steem offers an innovative and engaging platform for users who want to produce and consume content. This platform has several main advantages:

• Rewarding users for their contributions:

  Steem allows users to earn cryptocurrency (STEEM) for blog posts, comments, upvotes, and content curation.

• Active and organized community:

  Steem has an active and organized community of users who support and help each other.

• Easy to use platform:

  Steem is easy to use and accessible to everyone, even those with no technical knowledge.

• Various DApps available:

  Steem has a variety of DApps available, such as markets, games, and financial tools.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.