Network Token

Steem (STEEM)

A protocol for enabling smart, social currency for publishers and content businesses across the internet.Steem provides a scalable blockchain protocol for publicly accessible and immutable content, along with a fast and fee-less digital token (called STEEM) which enables people to earn the currency by using their brain (what can be called “Proof-of-Brain”).

Running a rewards-based decentralized social network required new advances in blockchain technology. Steem is a next-generation blockchain, uniquely designed to run real-time applicaitons with near instant, fee-free transactions.

The two building blocks of this protocol, both blockchain and token, depend on each other for security, immutability and longevity, and are therefore integral to each others’ existence. Steem has been successfully operating for over a year, and has now exceeded both Bitcoin and Ethereum in number of transactions processed.

“Steemit is a blogging platform with it’s own SMT called STEEM. These tokens are distributed to content creators and curators daily as rewards, based on community voting. We built Steemit on Steem to show the world the future of the web. We built it to inspire new digital content business models and apps by entreprenuers and developers.”