What Is Steem?

Steem

Steem is the basic unit of account of the Steem blockchain.

All other units (Steem Dollars and Steem Power) derive their value from Steem's value.

There is no need to keep Steem in its cryptocurrency form, it must be used to buy Steem energy, Steem money or to convert it to Bitcoins.

Steem increases the offer to 100% each year. Steem was first published as a technical document in March 2016.

The currency and platform were in beta until July 4, 2016.

Steem Dollars
The initial dollars are the units used to reward users for publishing and retaining content.

Each Steem dollar represents the amount of Steem equivalent to 1 USD.

Steem dollars (or SMD) were created so that users would not be affected by the fluctuating exchange rate of Steem.

SMDs are really a promise that when you get cash, you will receive the USD equivalent of Steem from what you earned.

Steem dollars have an annual interest rate of 10%.

Steem Power
Steem of what you have won.

Steem Dollars have an annual interest rate of 10%.

Steem Power
Steem Power (or SP) is a token that symbolizes the amount of energy it has inside the Steemit platform.

When you have multiple SPs, your votes count more in the system. In fact, you can not vote if you do not have MS.

Increase your SP is called "turn on" and decrease it "turn off".

To turn off your phone, you must basically charge your SP to Steem.

This can be done over a period of 104 weeks (2 years) to prevent users from retreating quickly and to collapse the entire Steemit economy.

Steemit Platform
Unlike other cryptographic currencies, Steem has an annual internal inflation of 100% and has no currency limit.

The platform itself (Steemit) has grown significantly since the game launched on July 4, 2016 and currently has more than 70,000 users, but it seems that the number of active users is much lower.

You can earn Steem Dollars and Steem Power in Steemit by publishing and retaining articles.

Steem Curation and Moderation
In addition, you can make money with Steem. Anyone can read content posted on Steem without an account and users can be completely anonymous if they wish. Steem governs the behavior of its users via community moderation, Steemetiquette if you wish.

As in Reddit, there are still no established guidelines, but they are created organically and the Community imposes them through its combined voting power called Steem Power.

These guidelines in many respects encourage the original quality content of other Steemians, otherwise the user simply loses his time, as they will probably not gain any reward for publishing unwanted content or poor quality content.Steem voters are called "curators" and are encouraged to rate the content, sources and links to obtain high quality information, then vote and moderate according to the reality, relevance and quality of the information. Information, not opinions.

It is recommended to give credit where it should be and cite the sources, since the original poster is rewarded for the content, the original content is preferred for the distribution of prizes.

Getting Started With Steem
Steem, another advanced sum that has been won to increase the use of Steemit, another test on social networks based on the Web, has exploded in the previous two days, ranking third after Ethereum, with a current market capitalization over $ 200 million Can this really work or is it just crazy?

The scene has generated a growing enthusiasm with more than 2,000 dynamic customers who publish and vote. Over the past two days, he began to take into account the usual considerations because of his test to stimulate the content creation and voting (healing). He even managed to follow up with some customers, for example pfunk, by explaining to them that they are discovering the scenario "really lucrative, fun, complex [and] to try":
From this perspective, it is unlikely that the stage clearly results in a place where individuals present themselves coldly or comment financially as a mere reward, even if it is mainly a profit stage. What was already a huge social problem, like hanging out with colleagues, turns into work with attention, not in relaxation or rest, but in experiencing a difficult substance which means, most of the money with the lion's money. share only a few cents while bot managers or marketing experts earn millions.