Do you realize that you produce content for free on social networks every day? All digital platforms are struggling to make a profit. Social networks like Facebook, Instagram receive big advertising revenue, but they never share that revenue with users, do they? What would you say if you had a reward-based content platform? Does not the idea of a decent social network appeal to you too? Ned Scott and Dan Larimer, founders of Steemit.Inc, this clever idea. They are entering this business with the Steem crypto they created in 2016.
Steem is an innovative initiative aimed at providing users with their own cryptographic currencies through a blockchain-based social network called Steemit.com. A member earns a proportional token from the unique and high-quality content that they share in the network (which may be a photo), by the votes of other members (if they like). I like to vote here on Facebook. Although the system looks simple, it is quite complicated in the beginning. You can think of this social network as a virtual bank that generates and uses steem. The Steemit digital scoring system uses Steem, which supports real money value