Steem is a blockchain-based rewards platform for publishers to monetize content and grow community.
Steem powers Smart Media Tokens
What is Smart Media Tokens?
An SMT is a native digital asset on the Steem blockchain. SMTs can be launched by anyone to help monetize online content and create incentives to encourage desired user behavior.
SMTs are like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.
How steemit is beneficial?
Faster than Bitcoin and Ethereum, with no fees
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 applications with near instant, fee-free transactions.
Steem has been battled-tested over the last 18 months, already processing more transactions per second than Bitcoin and Ethereum.
Actually, in one statement steem is a blockchain designed to tokenize the content web.
What users get on steemit?
Steemit—a social network that pays its community
Steemit is a blogging platform with its 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 entrepreneurs and developers.