Collectively, user-generated content has created billions of dollars worth of value for the shareholders of social media companies, such as Reddit, Facebook, and Twitter. Steem supports social media and online communities by returning much of its value to the people who provide contributions by rewarding them with virtual currency.
Help kickstart Steem by contributing content early!
STEEM is tabulating best posts and votes from launch through July 4th to do its first and largest payout of Steem and Steem Dollars. Rewards totalling 10% of the value of Steem will be allocated to the top content and curators.
Get started at steemit.com.
I just made my first post to Steem. I really love the concept and I am excited to see what comes next.Tatiana Moroz, Singer, Songwriter, Innovator
Steem has tremendous potential. Its innovative way to reward both content creation and voting consensus may solve problems found with typical social media services.James Stroud, CEO, CryptoCertify
Steem is one of the most interesting blockchain projects I've seen this year.Adam B. Levine, Founder of the Let’s Talk Bitcoin podcast, the LTB Network, and Tokenly
Cryptocurrency tipping platforms require users to give something up to reward other for their contributions. With Steem, rewarding others is as simple as voting for a post, such you may on Reddit, or as you would Like a post on Facebook.
The blockchain distributes payouts as 50% Steem Power for voting and 50% Steem Dollars. Rewards are distributed by the blockchain, similar to how miners are paid by Bitcoin, and occur roughly 24 hours after content and votes have been submitted.
Steem is a form of esteem, which means to prize or value. Steem is also a homophone for steam, which is frequently associated with power, and a step further, steam powered trains gave influence to English idioms, such as ‘this conversation is picking up steam.’ The associations with prizing, language and empowerment only felt right.
Take advantage of bringing Steem Dollars to parts of the world that need stability
Be appreciated for the quality of your work by the people you want to reach
Read through new posts and identify the best content to earn Steem Power and Steem Dollars
Earn the spread by helping make the market between Steem and Steem Dollars on the blockchain-based exchange with its built in maker-taker incentives
Integrate Steem to give your users the opportunity to earn for their posts and their time on your site