Steem is a token that can be traded on the open market, based on Steemit's Blockchain.
Steemit is a kind of decentralized social network that allows publishers to monetize their content that works similarly to various other social networks spread across the internet.
How does Steem work?
To get to know Steem better, we need to understand some of the Steemit platform.
On a daily basis, the Steemit network creates new Steem units and distributes them to its users. The distribution is made as a reward for informative and relevant content written by the users. They can then exchange those Steem that they have won as a reward for other fiat or crypto coins.
The distribution of Steem is directly linked to the number of upvotes and interactions that the content written by the user receives. The more involvement and updates, the more chance of winning rewards if you have.
Steemit seeks to solve the current problems that the current universe of content creation on the internet faces.
Nowadays, those who create content on the internet suffer from the low monetization of their hard work. Which often leads him to give up and pursue another professional path.
Against the current digital advertising industry is Steemit. The platform provides incentives in the form of rewards to content creators as well as to people who read and interact with the discussion. At Steemit, everyone can win in a democratic and meritocratic way. The more effort and dedication, the more rewarded the user will be.
Steemit continues to break new horizons on the way to greater popularization and a more democratic and rapid income distribution among people. Steem is the future, dear ones!