The currency behind the social media site Steemit, where users are rewarded or paid based on the number of 'thumbs up'. Which day by day more and more users, although the current price of Steem decreased in price.
Steemit rewards or pays users who post content that gets a lot of thumbs up from site participants. The prize is a steam currency. Content on this site is not limited to digital currencies and users have posted various topics.
Of the many digital currencies tracked by the Coinmarket price index site, Steem is the fifth largest in terms of market share. Digital currencies have gained widespread appeal among investors as a mechanism for transferring assets without a third party or clearing agent. Although that is currently experiencing the value of Steem declined.
Users who earn steam currency can then redeem it with bitcoin inside the platform. They can use their bitcoin to pay for services or goods or hold them as an investment.
Steemit is similar to social media sites Reddit and Facebook by operating, encouraging users to post and share content. However, Steemit is also supported by blockchain, the underlying technology of digital currency anchors such as bitcoin.
There are many people to see this project, a few hundred users per day, said Scott. and when they have the first payment they can buy something to their mother, they pay debt. and suddenly felt real for everyone.
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https://www.theguardian.com/technology/2016/jul/12/steem-digital-currency-steemit-value-soars
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by ipoeltripa from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.