Stem
Stem is the name of the token that can be bought and sold in open market based on the blockchain based platform steamit.
Steamit is a platform that lets publishers monetize their content, which likewise works with many other social content networks.
Think of Raditt, but in such a way the author and content curators provide.
(Steamit's homepage)
When the author of the Steamit Prize gets upgraded to their content, and it is rewarding people who support the best content by upgrading other people's content.
Steam, one of the three currency steam platform offers, is an integral part of this system.
How does Steve work?
To focus on steam, we have to go a bit forward about the steamit platform.
Every day, Steamat Network creates new stem units and delivers them to their users. Users can exchange these units in the open market for Bitcoin, other cryptocovers, or the fayette.
Steimit really collected some "steam" (forgiving the bad devil) in the content and cryptoconce communities because it is virtually anyone who writes about interesting topics and starts earning money.
Steamit is different from other cryptococents like Bitcoin, because it does not depend on the mining for new production of single currency. When you can technically steam, the network creates a new steady currency unit and automatically distributes them on the platform to write and connect. The amount of money that you can get is related to the number of uploads and the amount of uploaded content (upgrading and commenting) with the site.
Stevem has solved a worldwide problem that has problems around the world.
Outside the steam, the current content economy has broken.
Content makers work hard to create awesome content, but the only means of monetization by advertising, through affiliate marketing, in a snare of advanced readers or other ways to make their content profitable
Since there is no way to directly monetize their hard work, the best content creators often need to rely on things that can affect the content and direction of the content.
However, this is just the beginning of it.
Potential credibility of monetization is not the current route for corruption, it has become less and less effective, proven to show a strong instability in the content of online content consumers' content. Overall, a large amount of content is available that matches the overall avoidance of content which is required to flow behind a white light or a pearwall.
Digital advertising, for example, advertising blocks have been greatly reduced by explosive growth. By the end of 2013, advertising of approximately 615 million devices worldwide was banned, and percent of the people blocking ads continued to increase.
This is something that affects both personal content creators, as well as large media companies. Several dozen of publishers now ask them to "whitelist" them to read their content, and as you can imagine, casual readers in the soldiers are driving away.
At the other end of the content exchange, the Steamite platform content is spontaneously an incentive for consumers and they engage in content with the content. Those who encourage and contribute to the best content on the site of Quebec, as well as commentators who contribute to the discussion, are rewarded all by the platform.
Maintain currency supply and stability.
Steamet actually has three different types of currency units: Steam, Stem Power, and Steam Dollars.
Steam:
The stem is bought and sold in the open market, in the same way you have no other tokens. Steamit platform creates much more every single day and runs the risk of long-term. Currently this production steem at 5.5% per year due to production. However, stem prices have generally grown and some investors have been able to significantly compare Steam's specific inflation and profits.
Steam Power:
When you buy the Steam Power Unit you can not sell it for 13 weeks. Originally there was a 2-year tenure, which means to prevent people from dumping their units all of a sudden and price crashes. This is basically a long-term investment on the platform, since the Stem Power Units gain proportionate ownership over the network. So, as the network has increased (as it has been), so your ownership will be worth the pieces.
At present, approximately 15% of new steam on the Steve Power Unit's extra stem power unit is generated and distributed daily. The remaining 85% goes to content creators and curators.
Each page contains half of its content content on the unit.
If you have more steam power units, more will count your upvotes, helping users create more impact on the site. When you upvoting someone else's work will get a higher pay, and when you upvote someone else's content, they get a higher payment as well.
Steam Dollar:
The steam dollar should be another type of steamer currency and stable. Stem Dollar US Are credited to the dollar. When content creators create popular content, 50% of their posts are going to be Steame Dollars (remaining rested in power unit).
Steam dollars are attractive because they provide content creators three different choices:
Steam convert dollars and sell it in open market (cash out). It takes about 3. 5 days
Hold the steam dollar and basically (10% interest income)
Stem Dollar Exchange (long-term investment) for getting stem.
Stem Distribution and Supplement:
Steamit platform creates new techen every single day.
15% of these new units are distributed equally to people holding tariff.
85% of this new unit is provided to content makers, upgrades and commentators.
Product manufacturers who make paymentable content, their half-dollar unit of steam, and compensation for remaining steam (locked for up to 2 years).
Steam History:
Steveet was founded in 2012 by Dan Lerimer, Ned Scott and CEO of Bitashire Dan Laramie.
This idea started in March of a white paper in March 2016. It was the goal of creating a social content platform. Reddit, but where text content and metadata were stored in Blocken. The use of Blockencan will help to create a system that will give comments and posts awards.
Steamit also introduced a reputation system where accounts can accept notes that an effort to encourage good online behavior (bye, trolls.)
Steamit was created to run a decentralized network called Stem, where the token platforms and users could flow without friction. Stem accounts use the simple user-selected alphanumeric name (which is much easier than cryptographic hash) with the stem database.
Stem uses "part of the proof" to reach a consensus where the account (called the witness) is selected by stem stakeholders. According to Steam's white paper:
"Collect 75% of the new tokens generated in the prize money, which are divided into writers and couriers, 15% of the new token of [Stem Power] is provided, the remaining 10% gives the power to the blockkain."
Steam Trading History:
Stem is different from other tokens in the market.
It's nicely functioning for the purpose, and it is by no means the intention for standard storage.
The prices of steam will always go away. It allows content creators and curators to pay cash, and Steamit platform creates new tokens every day.
Granted, it will not go down. If the steamtext platform increases steadily, then the price should increase. However, it estimates the price of natural downward pressure in the supply of growth and use of "cash out". In case of use
For this reason Steemit's three different currency types (steam, steam power, steam dollars).
Each is intended for a different purpose.
Where do you buy the steam?
If you are interested in buying stem, you can do this from many different outlets.
Perhaps Steve is some of the easiest ways to buy an exchange that you could already use. With almost 73% of total steam / BTC volume of bitratex, Steem seems to be the most popular way of buying and selling. Polonix is probably your next best bet. By using one of these exchanges you will have to buy and sell Steem in the open market, as well as save it in the corresponding related wallet with that exchange.
You can use a service such as Shapeshift to exchange various pairings for the stock, however, you must have a destination lamp to keep your purchase.
Maintain MicroPhymes.
The use of microprimes is often raised in discussions about the monetization of any type of content on the scale.
Most people mistyped the steamtech platform incorrectly using microprotection to keep things running.
In fact, the white paper has been explicitly described in white paper that it does not work on microprimes, it refers to the article of Clay Sharki on microprotection (from December 19, 2000, you think):
"No transaction can be so valuable that a decision is needed, but so little is the price that the decision is automated, but there is a certain amount of concern involved in making a decision, no matter how small it is, and the decision is not from the interface or time required but decision Comes from a lot of work.
Microprommas, like all payments, are required to compare: "What's a lot of this X that many of Y?" Is a minimum standard transaction cost created by this fact that can not be optimized, because the transaction is intended to allow the user with any thought There will be one that does not cost them any money, which is not a transaction. "
- Clay Shirki
It is interesting to keep in mind how SteveMeet has returned the way back from the customer and made it on the network.
So, where does the money come from?
Steamat Network creates a new currency unit which is provided to secure and participate in the network. This can be sold in the market for token fact or other tokens.
It serves as a public company that provides new stocks for funding for capital.
Another way to see this is by paying new taxes, which are used to pay tax on those using the network. Due to new steam payment, the condensed currency drops a little bit, and when the platform is active it is rewarded.
Finally, steam prices are largely dependent on the supply of an open market and demand forces.
In the final way:
Steamit seems to be an extraordinary autonomous ecosystem for content creators, curators, and those who secure networks.
It is in an industry that is highly distorted for change and represents a price proposal that is difficult to compete.
However, one of the tricks I've struggled with during the sterilization of steam, "Why could anyone buy steam if it goes on continuously and continuously?"
There are almost negative negative pressure around 10% each year. Stem also seems to be the use of "cash out" on the platform of Steamite users.
I found a couple points against my original idea.
For the downward pressure to be severely damaged on the Steam platform, we want to estimate a situation of significant orientation. Generally, there are some fantastic enhancements in Steam Generation 1 2017 and it is coming from its white paper for more than half a year.
Stimitoes have not been achieved yet to avoid the benefits of a significant network effect from manufacturers, curators and influential people. Several articles on Steamit do not have enough scope for the search engines to adequately place their total potential traffic.
Steveet probably did not patronize his possible surface. The latest statistics I received for Steam users found that 26 thousand of average monthly users were found. In comparison, there are 542 million monthly users in Red Hat
In addition, the steam power unit is locked for two years and provides some excellent incentives to users. Only the steam power unit holders are not compensated in dividends, they talk about the future of growing sites with potentially fast.
It is important to note that this investment is not advisable and in the future, where this token and platform can be managed, it introduces you to a few points to help develop your growth.
If you are an author or just want to search for some new forums then see the Steem Community and Platform. You will face some interesting personality, some valuable ideas, and you may even earn some money on the way.
This article serves as a good introduction, but there is a lot of technical aspects of monitoring and steemit fill out from the eye.
I recommend checking out white paper for more information (it's one of the better ones).
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