What is Steem and how does it work?

Steem is the fundamental unit of account on the Steem blockchain. All other tokens derive their value from the value of STEEM. In social platform like STEEM, every activity you participated will be rewarded in the form of internet currency.

Someone looking to enter the Steem platform will have to buy or sell STEEM. Once STEEM has been purchased, it should be converted to Steem Power or Steem Dollars to mitigate the impact of dilution over the long term.

What is STEEM?

STEEM is sort of cryptocurrency that could be traded freely on the Internet. You can purchase STEEM directly, or you can be rewarded with STEEM once you publish a post or participate in the discussion on the platform. Still, the STEEM can be converted to Steem Power or Steem Dollars.

What is Steem Power?

Steem Power is a a more appropriate way of cryptcurrency if you are looking for a long term investment. Your STEEM can be converted to Steem Power. The higher Steem Power you have, the easier for the topics that you published or joined to get more attention, therefore, more STEEM earned by you.

It is usually the case that long-term capital commitment enables companies, especially start-up companies, to develop their long-term plan so as to ensure a long-term profits. In the cryptocurrency space, inspectors jump from cryptoncurrency to crytocurrency based mostly on which one is expected to have short-term growth.

Steem wants to build a community that is mostly owned and entirely controlled by those who with a long-term perspectives. Hence, Steem is hardwaired to allocate 90% of the STEEM to Stem Power stakeholders for every 1 STEEM it creates to fund growth through contribution incentives.

Steem Power cannot be used directly unless it is converted to STEEM. There are some requirements for you to meet if you want to converted Steem Power to STEEM. First, you need to have 10 times of the Steem Power than you first registered. Second, the transfer request will start over 104 equal weekly payments.

What is Steem Dollars?

The value of one Steem Dollar roughly equal to actual one dollar. Steem Dollars could be viewed as a short term savings. It takes only seven days for the Steem Dollars to be transferred to STEEM. You can also get certain interests when you are holding Steem Dollars.

How to earn STEEM?

1. New registered uses can have five Steem Power for free.

2. Publish new topics and participate in discussion of other topics.

The more attention you are getting, the more original and meaningful of the topic that you published, the more assets that you are creating. (50% of it is Steem Power, 50% of it is Steem Dollars. ) Among the assets, 25% of it will be rewarded to participants and the ratio will be decided according to the clicks that the comment gets.

1. Upvote the new topic can also increase your Steem Power.

2. Steem Power and Steem Dollars can earn you interests.

3. If you are a computer savvy, you can download related programs from STEEM.io to mine and get the reward.

4. If you loan your STEEM to others and be a part of the debit game, then within a specific amount of time, user who have the highest transaction number of times will be rewarded with a STEEM of large amount.

An example of STEEM. Steem Power and Steem Dollars.

https://steem.io/ is a platform that is specialized in STEEM. You could click in and see more detailed information about how STEEM works.

Basically, you can see the dollar sign under each topic, which represent how much STEEM the author is getting from this post.

Click into one of the posts, you will be able to see that participants who take part in the discussion will also be paid a certain amount of STEEM.

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